₦airaland Forum

Digitron:
What is happening to Access Bank?

The spirits are asking me to take a punt. Forward pe now 1.97. trading at 0.3x book value.

Agbalowomeri:
When you are big, you are large

Una carry this bad behavior reach here

kintus:
Boss this is contradictory...
You're happy with some valuations....+ve
You believe this is the bottom....+ve
You have some cash.....+ve
You don't want to deploy it......-ve

So what are you still waiting for EXACTLY? Just curious

I have some cash, about 3% of my portfolio size. I don't plan to use it to invest but if the market chooses to get silly in terms of prices then I will gladly use it to buy lower. So if for some reason Zenith goes below N50 I will invest the money knowing that the panic is getting a bit wild. if it doesn't and it hovers around current levels then I will use my money and enjoy my life.

Hope that clarifies things

deathwing:
BTC is currently $89k. I am now being tempted to use my TIP PO money to buy it

Na CGT dey cause this one too?

Agbalowomeri:
Bear never start. Where is the bottom?

We might not see an immediate rally but look at valuations in the banking sector. Zenith bank with no forbearance issue, no fx over hang, audited 6 month results that can be trusted is trading at a p.e of like 2.5, access in the same situation is trading at a p.e of like 2. My brother if this market like make e do wetin e wan do. Valuations in the banking are screaming only one story and I am very happy to hold at these prices.

I am not bullish on the rest of the market but with regards to the banking sector I don't see us falling much further. Then again I am not investing with house rent or chop money so I can wait a very long time

Agbalowomeri:
Eku averaging down o

I am happy with some of the valuations and I am fully in the market. I still hold some cash but I don't think I will need to deploy it. Basically I think we are at the bottom

Pennystockwarri:

https://www.youtube.com/watch?v=IKtJ2Jo2wEw

My thoughts UACN should be trading at post the Chi Limited deal close.

Excellent analysis as always

SOFR rate is 3.95%

stokfrick:
So pls, what do you think is responsible

In the short term markets move up and down. In the long term the trend is usually in the direction of the economy.

Crypto is down, foreign markets are down, there is a general downturn.

So there doesn't need to be a reason even though the press will always find a reason in order to get viewers/readers

stokfrick:
I strongly feel this 30% level of CGT will chase away investors.
If you struggle to make profit government will divide your profit by 3 and take one part.
But if you make loss you are on your own.

This has nothing to do with CGT but you guys keep up with that narrative, its interesting to watch.

deathwing:
Still hoping for TIP Plc to fall below PO price of N9.5 but be like that won't happen

Patience is a virtue

awesomeJ:
By the way, using percentages is your own preference, I don't think you need to force everyone to prefer it too.

People choosing not to use actual figures should be because of their own security concerns not cos you prefer it for whatever reasons.

If someone has a portfolio of N2bn, you say you make 400% returns and I say I make N1.5m returns, which do you think would intimudate him

The N1.5m would be like a rounding error amount to him, whereas your 400% might make him feel like he's failing or not doing enough.

What if I yet share the amount but it was just N23k , would you have still been bothered? I think you should just adjust your own mindset and leave the matter. your preference is just your preference not the standard.

@nosa2

When you use numbers you run the risk of creating a toxic culture.

I personally know a few very rich people and not one of them would publicly state their worth.

People who go about flaunting numbers tend not to be rich. They are either excited about the number or they are lying. Yes people can Photoshop portfolios.

One interesting thing I have noticed in this thread is that very few people post their trade as at the time they make the trade. They always come and state of I did this and this is how much I made. If you can't post a position as at time of entry what's the point posting when you exit.

Anyway what do I know, for all I know I could be speaking to a 21 year old person smoking weed in his university hostel

awesomeJ:
Lots of time I see a dumbness in some people's reasoning:

You're 30, someone else is 50 and they show you their portfolio worth N2bn you feel intimated.

That's dumb.

Such comparison is apples to oranges.

You compare your portfolio at 30 to their own portfolio when they were 30 or you compare their current portfolio to what yours will be at 50 (adjusting for inflation in either case)

You've been in the market 5 years and you expect to match someone whose been there for 20 years. To what end??

Even if you're 50 and only have N10m, how about people who are 50 and can't even afford rent? How about your own good health.

If you don't learn to appreciate your own good things but instead fixate on others' achievements, you'll just keep robbing yourself of real joy which you could have enjoyed life with.

At the end of the day? Money is just some instance of an integer class in some database that allows addition and subtraction operators. Don't overrate it. It has its relevance, but also has its limits in significance.

It takes the same amount of effort to make 100% return with a N10k portfolio as it does with a N10m portfolio.

What I never understood was why people use numbers rather than percentages when stating their returns.

I've probably done 400% return on my portfolio year to date this year. This could mean I've turned 10k to 40k or I've turned 100m to 400m. Either way the effort used is the same

awesomeJ:
1.5m is not money to brag with in a forum where the average portfolio is in hundreds of millions.

Your context on the conversation is limited.

If 1.5m is what intimates you, you're on your own.

average portfolio 100s of millions? ok na

Agbalowomeri:
Good job my brother
There is always money to be made whether in bull or in bear. Just that the probability of making a profit is much much higher in a bull. Again, we are still in the bull albeit volatility has increased. Increased volatility is a precursor for market downturn. A three year bull will not fall flat on its face in one month. It is gradual

Your method is good for the level of risk and exposed capital. I am not chasing 20m profit

What is it with people and posting their portfolios. You can state profits in percentages and not act so crass. Its almost like this "money" dey shack people

Ginalex:
Someone should please supply NAHCO with 100k units to officially move the price🤲🤲. FBNH just dey in a league of its own. E no go front, e nor bear. Just stagnant. When ote$ go remember we his fans? 🌚🌚

I'm not understanding again oh.

mikeapollo:
But the banking sector is highly regulated and CBN policies can affect their performance, which makes them unpredictable sometimes.

No shaking. When the time comes dem go still find reason as to why na the place to be. Me don buy seat for the bus dey wait for market participants to find their excuse to join

PETERiCHY:
Agba uses REVERSE PSYCHOLOGY and NSEMPA falls for his BAIT 🪤

I love talking to bearish people like him. They force me to reanalyze my theories

Streetinvestor2:
Oga nosa2, oga agba is wrong again today
Tomorrow he is likely to be wrong again
AsI must must touch back 150 k by this government standard

You know its not yet uhuru sha. I suspect we will still have a dip in the banking sector before we moon. With regards the other sectors I wish una well. My money is not touching anything that is not a Nigerian bank. Make una enjoy those ones

Streetinvestor2:
Oga nosa2, oga agba is wrong again today
Tomorrow he is likely to be wrong again
AsI must must touch back 150 k by this government standard

Its not about being right or wrong na. We are all here to make money. I don disagree with oga Agba on practically all my buy decisions since I returned to the NGX but I still value his "wrong" analysis. He forces me to double check my theories before I buy. So to me his "wrongness" is very valuable

pluto09:
Sellers are still very much around.

Dont you guys find this day trading matter stressful?

Life no suppose hard like that oh

unite4real:
Oga Agba, you don ever buy stocks for NGX?

Tell us one stock you are holding abeg.

He may not be wrong though I'm not selling

Agbalowomeri:
Una don make plenty money today o

Tomorrow is for the smart money exit

I see you

Streetinvestor2:
Are u saying via PO it won't be traceable. The holdings at a point will be nade know to sec unless is via proxy .And why is the proxy not still going via PP to make a positive announcement about it to the public
Do u know the impact it could make if they announced a strategic investor has already committed 100bilion to the fund raising .And they are out to just get 135 billion remaining
The money no dey anywhere..lol

You dey ask me to explain how people dey launder money?

How me wan take know

yMcy56:
Well said sir.
Me, I no get energy for arguments
Na wetin I hear, na im I talk..
I don talk say na hearsay, I'm not a management member to say whether it's true or not.

I even hear say na former General dey behind the whole matter sef.

Streetinvestor2:
Why would the strategic investor want to go via PO instead of private placement if he sure of the fund.He would have first announced thr own to boost confidence of investing community

Ever thought that they could be using laundered funds?

emmanuelewumi:
The so called strategic investors would have been included in the prospectus.

We are in the market to raise N250 billion out of this N100 billion worth of the offer is reserved for our strategic investors.

You don't need to be a genius to know that the strategic investor is the company they are acquiring. This has been obvious to me for a long time

I would have really loved to buy the stock back but I need numbers. All this blind market waka is not for me

Streetinvestor2:
I expect pull back next week that is why I said expect side ways trading. U see tomorrow and next na confirmed green. The government made sure the news went viral.Thr is political target for ASI to stay at 150k or above..So expect more incentives from government to achieve that purpose.
This government is predictable because of obsessive political ambition.

I don't buy the CGT reason. Markets go up and down. People find reasons to explain it but rarely are those reasons right.

P.S why don't people post on ngxforum? I created the place to make it easier to research past discussions

Streetinvestor2:
I new the government will definitely intervan if the red continued and that was why my target was to enter Friday with new fund.I was expecting it by Monday but didn't know it would be sooner. The market will be on green though out this week.Then side ways could happen next week but red is over.The bull will happen seriously in December. THe effects of good q3 results will enter the market soon via foreign investors too
Book mark this post

There will be a pull back before then. We might not get to yesterday lows but we will be close

awesomeJ:
Post what I buy for what purpose??
I make comments about the markets generally? my posts since yesterday were bullish on the market, that's all the opinion I had to share.

Fair enough

KarlTom:
Probability of daily 10% is >75%

I didn't say 2-3 days of 10% gains.

Right now some people are waiting for a reversal and IF that reversal does not come then more and more of them will be giving up on the wait and just buying at the price they see. That is how prices slowly rise.

awesomeJ:
My cash position went to as low as 5% yesterday.

If I was offered loan,. I would have taken it.

Today, even ARADEL that was going through a lot is on full bid.

Did you post what you bought yesterday, yesterday?

KarlTom:
Indeed CASH IS KING

How many retail investors had the balls to buy yesterday?

Most retail cash is reserved for FOMO trades