₦airaland Forum

faoogoke:
Dont get excited. Its too early in the day. Market just started.

If we see another 2-3 days of positive gains in the banks then more people will FOMO into the market and push prices up further.

What ever happens I am not going to do anything until full year earnings come out.

mikeapollo:
How? Can you clarify?

Stocks are not just symbols on a page. We are buying and selling shares in a company, a company that is out there in the real world offering real people valuable goods and services. If people really understand what that means they will act differently.

orriyomi33:
The stock market is indeed a game!

No its not. People just don't think before they act.

nosa2:
I will go out on a limb and say that we just saw the bottom today in the banking sector. Other sections could still go lower

This message seems to be aging well

egojeny1:
Banks on full bid

Oh well! I'm not selling. Good luck to the guys that panicked yesterday

Streetinvestor2:
Your TA has failed u again. U will see green tomorrow

I kinda agree that tomorrow will be green but in this market anything is possible. One thing I am sure of is that by March 2026 these prices will look like a dream.

I entered the market yesterday so I chop the full bleeding today. However the one question I asked myself was, if the Zenith Bank I bought yesterday at N59.5 had stayed at N59.5 how would I have felt?

I bought based on the fundamentals of the company. Nothing has changed about that.

For me I siddon for corner dey look the drama. The trajectory of the economy has not changed so all this is noise.

sky2891:
Firstholdco
NB etc

I didn't look at NB but price drop on Firstholdco wasnt bad.

In any case I am bullish on the banking sector not the whole market.

Agbalowomeri:
ft.com

I have skimmed thorough the volume of some stocks and I don't see reason to be alarmed.

Nigeria likely to review capital gain tax, Edun says

https://ngxforum.com/thread/124/marketwatch?page=2&scrollTo=436

Agbalowomeri:
Lol

Did you see the volume? That na gear 1

Please where can I see average daily volume

Agbalowomeri:
Lol

Did you see the volume? That na gear 1

No I haven't but I'm looking at the fundamentals

Streetinvestor2:
Change of plan I will enter market with new fund on Friday if the red reach Friday. The opportunity is so tempting. I just went through price for today.The Money go be strictly for Xmas bills so na confirmed jijo because I will be pulling it from my business money target go be for 30% .What I see on Friday go decide
I think I will go with oga nosa2 but will wait till Friday for final conclusion

I will go out on a limb and say that we just saw the bottom today in the banking sector. Other sections could still go lower

I understand the panic but some sector valuations are already so low that I really don't think they will fall much further.

I'm not selling.

Raider76:
Lucky you. I also sold just before the interim dividends payment

I think I sold at about 70+. The minute book value started to approach one I started to exit

Locotrader:
Huge cross deal was done in Japaul at 2.50 2 weeks ago.
Last private placement was also done at 2.50.

Na Trump descend Japaul price below 2.50.
I have been buying at below 2.50 for days now and today at 2 was so sweet.

If Ellah has done it
Japaul can do better

I admire your tenacity

Raider76:
You still holding GTCO?

Sold most of it a while ago

Picked up more FBNH, Zenith Bank and PZ today.

This bleeding has do.

I expect a reversal soon

Agbalowomeri:
JAPAUL don woundjure Loco

The ram have escape

SonofElElyonRet:
Meanwhile my Ellah entry price is less than N4 so I'm sitting pretty

Why do you think it can't fall below N4?

Agbalowomeri:
Don't bet on Zenith o
The stock no well despite being fundamentally sound

Why are you not comfortable with Zenith?

Agbalowomeri:
Just be ready to withstand another 20% drop

I think I'm with you on this

Ginalex:
Zenith trading at 59.95, 60 naira levels. Make I still wait abi make I jump in

E don dey enter my eye too

Agbalowomeri:
GTCo struggled to break below 90

Now Zenith is struggling to break below 60. Once broken na 50 straight

Everything na step lather. Na the way we climbed up we go climb down

You know say na fundamentals I dey look. And at a certain price the fundamentals will create a strong support.

Just look at how FBNH is holding strong. I will be surprised if FBNH falls to 25. GTCO is expensive relative to it's peers based on the fundamentals so the fall is not surprising

Agbalowomeri:
Of course it won't happen tomorrow

Unless valuation changes it's not going to happen ever

yMcy56:
Otedola's boys seriously defending FBNH....

** All these Trump invasion fear will still go last las....
There are rules and protocols to any country intervening in another's affairs....
While condemning genocide in it's entirety, I still don't expect any country to just barge into another just like that...
There'll must have gotten to some level of dialogue or order breakdown

** Concerning CGT, only the super rich are afraid, they want to keep collecting but not ready to sacrifice anything, they are altogether corrupt....they want to keep fleecing on the country..........
If you make huge gain, the right thing is to also pay your tax.....
All these Tax shouting upandan, they pay ridiculous ones outside the country but don't want to pay here, e no go work like that.
NGX will be fine at the end of the day.

So no be only me dey look FBNH. I have some but I'm looking to buy 4-5x my current holding. Cash dey with broker but I dey try see if buyers go rest.

But these buyers no wan chill. Dem just set floor for the price

Agbalowomeri:
If I see Zenith @35-40 I fit dey tempted

Not going to happen

SpaceX:
I'm currently looking for start up that I can fund, VCs are hard to come by nowadays. Here is an opportunity..

What is your start up?

Pete002:
omooo...JAPAUL

What happened?

awesomeJ:
There's securities lending on NGX, but that market is very shallow.

You borrow 10 million units, and return it in 6 months when it might be trading at #20.

Pocket N200m in the process.

How do I access it?

ProphetUtuocha:
Revelation on Oando
====≈==============

Thus says the Spirit:

The oil flame that flickers low shall soon blaze again.
For many look and see only dust upon the altar of Oando,
yet within that dust lies hidden fire, fire that shall not die.

The current price, though humbled and low,
is not the end but the seed, buried to rise anew.
The wise shall see that what appears forgotten
is but resting before a mighty awakening.

Therefore, let those with eyes to discern
and hands ready to gather not delay their portion.
For this season of low valuation is a gate that shall not remain open long.
Soon, the market shall remember Oando,
and what was sold cheaply shall be sought dearly.

May the wise accumulate while others hesitate.
For this window, once shut, may never open again.

Who knows how I can short Oando stock?

Streetinvestor2:
I just dey laugh in Chinese language. Who wan buy the offer of such company as the economy dey right now.They want to raise 250 billion before the yr ends.What record are they going to present to the investing public since 2019 to warrant giving them ur money as niaja dey now.
Na only alhaji refineries and co fit sell as naija dey now for PO

The company they are buying will buy the shares

Jaakay:
I listened to today's discussion with Ellahlakes. Current Shareholders are going to be seriously diluted, after the public offer. Get ready.

Did you need them to tell you that?