Zero emotion towards any stock, not minding the public reactions to the financial report. I am sure some people already bought at the highest price today.
With time you will learn that there are no gurus in this game and the majority view is often wrong. Then you need to develop your own metrics for valuing stocks and stick to it no matter what.
For me it is a relationship between price to earning ratio relative to the market, price to book value, profit margin (relative to industry peers) and return on equity. I stick to these and I do not budge; and it has served me well so far
hopeful95: I share in your sentiments too. Barring any black swan events, 2026 will likely be one of the best years for our economy in recent years.
This is not a political statement as some tend to construe such. Well, there is near unanimity amongst analysts, home & abroad, about this. Those that cover SSA & EM are all saying they'd long Nigeria. PZ just told you so too.
One hopes that the FGN stays the course & improves its fiscal performance especially since CBN's stellar performance is largely fuelling this renewed confidence.
I don't know about the 2026 prediction but I totally agree with you.
chimex38: Of course. You're right. Not comparing ours to theirs(USA).
But ours to ours. Exciting industries to boring industries. it's not advisable to buy any Nigerian stock for long term over 3-10yrs and look away without looking at AFS from time to time.. I think at the very least twice a year is ideal.
That said, But looks like the exciting companies necessary for development don't sustain growth for long as govt policies and volatility seem to always happen to them.
But the less dependent, mundane or boring ones seem to find a way to sustain and compound growth for 4-5 years at least before being affected.
In my opinion buy and hold is what will pay now in Nigeria oh. The removal of subsidy, building of refinery and liberalization of the FX market is going to do wonders for our economy over the next 30 years. Forget the short term pains, Nigerian economy is going to the MOON.
I AM ULTRA BULLISH ON EVERYTHING NIGERIAN IN THE LONG TERM
chimex38: Exciting industry works for traders and Jijoist in Nigeria. ride on the euphoria and the time-frame of such euphoria.
exciting industry riding on CNG mantra that later turned to one-off performances. NIPCO(though still doing well). RT-Briscoe
Advent of DR in 2023 made these secure licence and create one-off euphoria that never got sustained. Eternal Con-oil Total
I don't think Exciting industry pays in Nigeria for long term investments cuz the fundamentals to support them are still lacking. Power, Gas production, steel prodction, security, food security, inadequate funds to scale massively, policy and implementations, etc. Ironically, each of these fundamentals depend on each other.
Most Companies who engage in these boring fundamentals without dependants tend to create the consistency and compounding effect required.
I suspect what I am about to type will not apply going forward but if for the last 40 years of your life you have applied a buy and hold strategy for the Nigerian index you would be a lot poorer today.
The Nigerian currency and economy has been on a downward spiral for the past few decades. This i suspect is changing. You want to compare buy and hold for the best company in Nigeria to buy and hold for an apple or an Nvidia or Costco or Walmart. Dey play
All the best in our investment journey in 2026 and beyond
If one did not see the Naira devaluation coming and you stayed in this market between 2012 and 2023 or you think bonus shares is a return then by all means do this. But if you know whats up then you know that this advise is nonsense and I don't need to advise you
I don't have Vitafoam shares again, I sold last year.
But it is a stock with potential for growth and wealth creation
Mankind2024: Another Competitive Moat for Vitafoam Nigeria PLC: Vitafoam demonstrates pricing power by gradually passing on increased production costs through price adjustments aligned with inflation, while maintaining strong consumer demand and avoiding significant buy-cutting (reduced purchasing) of its essential bedding and foam products. This ability stems from its dominant market position as Nigeria's leading foam manufacturer, extensive distribution network, and strong brand loyalty for quality mattresses and comfort products—allowing the company to protect margins and achieve robust revenue growth even in high-inflation environments (e.g., revenue up 35% to N111 billion in FY 2025 despite rising costs).
I am not saying the company is bad but the stock price reflects all that has been said. Buying at these levels is unwise
pluto09: But the price today is N94. For someone who wants to deploy his funds today, does the company offer a margin of safety for discounted price or is the company appropriately priced?
Exactly. The stock is rightly priced/slightly expensive. For me it is SUPER EXPENSIVE
Harddiskng: I see some post and i am like wow, rookie mistake. Been there, done that.
I remember trying stocks like 10 years ago, I put in 1m and lost 40% of my portfolio value lol, then just sold them off. Guess what each of thhose stocks are doing over 500% from that time. I still have one (like 100 units) i forget to sell and i kick myself every time i see it.
I came back to stock investing this year (2/3 months ago) and i left those 100 units as a reminder.
So far so good these are some things i have learnt (still learning). They have worked for me really well, you can give it a try or not
1) Never make a particular stock more than 25% of your portfolio. It’s a good stop loss. 2) It is better to be in for the long haul, so buy companies with good financial fundamentals. Then give them time. I don’t plan on selling any of my buys in the next 5 years. 3) Make investing a habit. Come rain, come sun shine. 4) Don’t follow the crowd blindly, do your research!
Please add yours
Aside from 3 and 4 I disagree with everything you have said. Convert the money you invested 10 years ago to dollars and see that you have not made much with your 500% gain.
Mankind2024: This is why I stay within my circle of competence in the equity market. You saw a 3.3% dividend yield, while my dividend yield on Vitafoam is 38.46%—having bought at ₦7.8 in Q1 2021. The real gain is never in the buying and selling, but in the waiting. To cultivate this virtue, discipline coupled with patience is essential. The excitement is seeing the reward.
I wasn't in the market in 2021 nor was I looking at it so I really cant speak to prices of other stocks, but I am sure this performance that you have witnessed is not unique.
Mankind2024: Exiting Vitafoam when you did should have been based on strong, rational grounds—the company's fundamentals haven't changed at all. It remains a true compounding stock: consistent annual dividends, steadily growing revenue year after year, a strong economic moat, moderate OS(1.25B) and relatively good liquidity. I truly empathize with you for exiting too early. Your story is remarkably similar to Madam Flo's, who emotionally sold off her FIRSTHOLDCO shares. More wealth has been surrendered by exiting good companies prematurely than by market crashes. You didn't just miss the ₦3.00 dividend—you also missed the 1-for-5 bonus issue and the powerful future compounding that could have followed.
I don't get the excitement on the vitafoam result. Bonus shares is not a return on investment. N3 dividend is about 3.3% dividend yield.
Maybe you guys are seeing something I'm not seeing but there is nothing about that result to get one excited
yMcy56: First Bank successfully overtake UBA.... Aiming for ZENITH as we rightly predicted some moons ago......😊
Meanwhile, this ASI @153k is not a representation of happenings in the entire market because it's a situation where only 3 or 4 big caps are moving it up...... We needed bull/price appreciation in other listed stocks as well.
Hopefully, the CGT is suspended to pave way for general market rally.
* Search for 2026 stocks is commencing soonest, God willing. 😊
huge mis pricing. Either UBA and Zenith are cheap or First bank is Expensive
Mankind2024: The Boring Path to Wealth: Lessons from Madam Flo's Regret
The road to lasting wealth is rarely exciting or linear. It's often **boring**, steady, and demands the kind of quiet discipline that only patient, ordinary investors—like many of us—can truly master.
It requires patience paired with discipline: the ability to tune out market volatility, short-term noise, and emotional urges. Volatility isn't a penalty—it's the price winners pay for the magic of exponential compounding over time.
Consider Madam Flo's 18-year journey with First HoldCo (FBN Holdings). In all that time, the bank never once declared a loss—a testament to its resilience and quality as a business.
Her primary frustration? Declining or modest dividends, which felt insufficient amid rising living costs.
Her deepest regret? Not selling at the peak around ₦40 in March 2024.
Let's look at the numbers for clarity:
She sold approximately 26,359 shares in June 2025 at ₦26–27 per share, netting about ₦680,000 after fees.
As of today 24th December 2025, First HoldCo shares are trading around ₦52.30. Had she held on and sold at 11hr10 today. (assuming maximum 2% transaction costs and charges), her net proceeds could have been roughly ₦1,356,170 or more.
That's a potential additional gain of over ₦676,170—simply for exercising a little more patience.
A third layer of regret (if she's following market discussions): realizing in hindsight that the stock would rally significantly post-sale. "If only I'd waited a bit longer..."
**The core lesson:** Never interrupt a compounding stock like First HoldCo prematurely.
Quality compounders reward those who let them run. Selling too early—not market crashes—often inflicts the deepest wounds, and the psychological pain can linger far longer than any temporary dip.
As Charlie Munger famously observed, more wealth is destroyed by panic, impatience, or emotional selling than by actual market downturns.
This is the timeless truth for "boring" investors: consistency and patience don't make headlines, but they quietly win the wealth race over time. In a world chasing quick wins, the steady hand triumphs.
Watch Madam Flo's video for clarity before criticizing me.
All this talk is nonsense. Hindsight sight is 20/20. So long as her reasons for selling were logical and well thought out at the time then she has no reason to regret. She could have also held and it would have gone the way of Aso savings. The important thing is to not be impulsive, not that one should be holding a dead stock indefinitely just to prove a point that you can hold
ositadima1: Lol, I can only guess that you’re invested in Access, that’s the only reason you can say two opposing things in the same post. You said ₦19 is impossible, yet later admitted that it’s possible but won’t last long.
Fundamentals are one thing; buyers’ and sellers’ opinions are another. Know the difference. In a free market, anything is possible. If many sellers come to the market and there aren’t enough buyers during that period, then even ₦15 is also possible.
It’s better to be at peace knowing the full range of outcomes than to suffer pain because of naïve optimism.
PuristForest: Accesscorp - still think a lot of weakness, potentially, we could see access around the 15 region. One of five reviews in our weekly wrap up for members....
Make I bend if access touch 19. This is not crypto where there is no earnings behind the asset. Based on Fundamentals it will be difficult for access to go lower than where it is for a sustained period
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 12:44pm On Dec 29, 2025
