₦airaland Forum

EDUECO:
I exited ACCESSCORP yesterday after buying around ₦23 .

I made a minimun of 10% on my funds from the above operation.

Every problem is an opportunity to make money.

Unless you need the money for other things, you might come to regret this sale

megawealth01:
😂 🤣 😂 🤣 😂 🤣

Many disappeared in 2020/2021 red season

I will soon run and leave you people to continue the party, fixed income are calling

megawealth01:
This game is sweet 🎂

It is sweet when you are in a bull market. Let fear enter market first and you will see how fast the emotions will change

ghm:
Can't I get my money in ASOSAVINGS back? Isn't there any insurance like NDIF for ASOSAVINGS?

Does that mean that the CBN, SEC, CSCS, NDIC. NASS, FG etc. cannot protect me?

We need to do something about it. FSCS or FCA in United kingdom guarrants retail investors up to 85K (now 120K( indemnity when things like that happen and financial services related companies are required to be regulated by them.

Are you a depositor with Aso savings or a shareholder?

Streetinvestor2:
LWKD...the portfolio na shock

I be wan ask what made him buy such a beautiful collection of rubbish, but then he said these are the ones he wants to get rid off. That means he has more sensible companies in the portfolio.

Personally I believe a lot of people here are over diversified

neutralmind:
Someone makes a post to ask for counsel, it clearly shows a call for help

The ideal thing to do is offer help or ignore the post.

What's the essence of your statement when it doesn't add value to the conversation.

Next time just keep quiet

You go beat me for inside this matter

ghm:
I am rebalancing my portfolio to have fewer stocks, I decided to remove some companies that are overlapped in banking and insurance sectors and keep only the leaders (e.g. GTCO, ZIB, AIICO etc.) in the sector. Which of these 11 do you advise I should keep.

1. Africa Prudential
2. ASO Savings
3. Industrial & Medical Gases
4. Legend Internet
5. Regalins
6. Royal Exchange
7. Veritas Kapital
8. Sovereign Trust
9. Fidelity Bank
10. FCMB
11. Sterling Bank

Thanks.

Which kind collection of nonsense companies be this?

Am I seeing Access Bank at N26?

chimex38:
People wey still get mind announce say dem fit no pay future dividend @H1 added to the ongoing gbasgbos.
My own fact be say, without dividend, Access fit no move reach 28...
Unlike ETI, Access go do free fall back to base..
Access don officially move from fundamental solid to temporary JIJO.

Na my own be that.

E fit no move immediately and that's ok.

Itzlinda:
Sold eti for access bank.

I pray I don't jump from winner to loser 😂

I did this last week. Everything is going up and I suspect Access will soon join the gang. Remember that it is market participants like me and you that push prices. So as people are collecting profits they will start looking for the next winner and Access has not rallied so they are likely to put their money there.

Plus fundamentally the stock is criminally cheap

chimex38:
Na lie, na lie na lie.
For ETI specifically, you be Guru for that side.
Nothing you wan tell me...
Guru + Grace + Touch-of-luck

Even at 70+ you still talk say ee go reach over 100+.
eee don dey reach promise land.

Accept your ETI-Guru in peace. No quote this post begin explain-explain-tire Ooo.

I don block my ear & close my eyes 🙉🙈💆

We are in the middle of a bull market. It is not hard to be right. I'm really not being modest. Let fear enter this market and you will see that predictions go dey fail any how

mikeapollo:
I remember that Saul that persecuted the Lord, became a great soul winner for the Lord.
Peter, whom the Lord promised as the rock to build His church on, denied Him!
Never give up 100% on anyone. And never trust anyone 100%. Always leave room for the unknown!

I'm happy to watch you use your money to test this theory. Please let me know how it goes

mikeapollo:
Wale may be cooking something novel.
Just pick their accounts; look at figures under ''Company'', rather than ''Group''. Key parameters are positive; the trick may come from there. Incidentally the share capital is identical for both Company and Group

The only thing Wale cooks is his shareholders

Streetinvestor2:
Why I call out this audio pattern is because it has future targets
Why is one man rated today in naija as a great political strategist. It is simply,he has been lining his cards over time to achieve his devilish future plan or targets. You gradually believe in him and he throws his rope to catch many fish.

Oyinbo man I go chop your dollars
National Airport na me get em
Nnpc na my other businesses
All na for what purpose..lol
So maga go fall..Na him be yahoo

Who say I no sabi find trouble. I be betteri trouble shooter for teenage age

I get where you are coming from but you can never really know. In any case ANYBODY THAT GIVES THEIR MONEY TO SOMEONE THEY MET ON NAIRALAND TO MANAGE FOR THEM IS A FOOL and deserves to have their money stolen.

I believe that not everyone should be managing their portfolio themselves but there are SEC licensed firms that will manage your funds for you or better still buy an index fund.

Right now we are in a bull market and it is not hard to pick stocks that will go up. So it is easy for me or anyone else to sound like a "guru". There are no guru's in this game. There is no secret sauce. Anyway make I no start to rant.

Just free the guy/girl, I actually share your sentiments but last last you never really know.

mikeapollo:
I just hope Access can remain at same price or below so I can load more. That stock will N60-N70 in no time.

Funny enough I am with you oh. I really hope it doesn't rally soon

leo1234:
ETI is out of reach and we are not interested.

At N93 ETI is trading at a book value of 0.8 and a forward PE of 2.79 (based on Q1 results)

That is still cheap any day. Not as cheap as Access but definitely still cheap.

P.S I sold some more today but then I no get sense and I want to gamble on some call options in the yankee

Streetinvestor2:
You may be right but this audio has maintained this pattern for long. He has equally succeeded in using it to sell junks after warehousing it with his gang
5 million here and 10 million thr is real to grow into billion but this audio dangota they always lie about volume in every stock mentioned here.Infacat when directors dey sell for companies na him dey take over thr positions. Na him dey release 100k units in big companies to move the market. Na him sabi watin dey always happen inside companies that he no go want talk here for political or other reasons. Haba now,we no be children here.If you don dey follow thus thread for long. You can comfortably guess the billion guys here. Anyone I call my oga here get why so dey check people I dey use em for...e get why
Agba na one of them
Emm
Nosa2
And some others

Amen oh!!!

I never quite understood how you guys interpreted the news about having to reduce percentage of foreign ownership to be bad. I didn't talk at the time because this is not a team sport and I will gladly watch my opponents make a mistake.

Shebi they will sell the excess stake for money? Anyway it was panic season and all news would have been seen as the end of the world

mikeapollo:
I bought the public offer and have not even dematerialized the share certificates up till now. I think I need to do something fast.

Why? The stock is still cheap. If I didn't have ETI I would still buy at this price. But I do so I wont.

megawealth01:
Just a few left as rewards to ECOWAS

Access bank sellers no just dey do well at all.

Offers seem to be drying up. Dem no know how to panic well. Mstcheew.....

ETI @ N93

Hope you bought your ETI

megawealth01:
It's 5.16am here and I'm awake because I want to build generational wealth and I see access as one of the vehicles...

I buy good volumes at every opportunity I get. I've been doing that for years now

Oh, you're not in Nigeria

megawealth01:
ACCESS dumpers I woke up this early because of una. I wanted to see if I will get in at sub 23 today but una fall my hand

So we plenty for this whatsapp group.

Streetinvestor2:
Those crying at the burial can answer the question best.why was he hiding the money in those tax heaven. Thank God many will be lost as karma is real.Money even fmly can't access is always crime money. No genuine money will the owner not put things in proper perspectives for fmly to access in such case.
We dey naija and operate on the street. Na so alhaji take they hide his wealth for different secret holes.Na criminals and drug dealers they do such.it is dirty money

People make these decisions for a whole lot of reasons. Yes, crime is potentially one of them but it is only one possible reason out of many

rmx:
And you believe this by any stretch of your imagination?

People actually underestimate the amount of legitimate wealth in this country. Anyway we are a nation driven by bed belle and jealousy.

Streetinvestor2:
8Leave talk.The man was confirmed barawo.And equally represented other barawos.That was why cry at his burial was loud

What exactly did he steal?

SonofElElyonRet:
May not be inherently illegal but oftentimes used to evade tax and hide ownership of assets

Tax reduction is not a crime

leo1234:
This is huge

The man maybe wealthier than dangote.

Do you know how many people in this forum do things like this?

Having offshore/shell companies is not illegal or difficult. There are a lot of companies/lawyers in Nigeria that offer the services. Once you become intentional about your legacy you will see that these things are not very complex or difficult

HesInMe:
Not gonna lie, I read the words twice and still really didn't get the point.

Me I just sabi buy good, buy low, sell high. Shikenan.

How do you determine what is low and what is high?

ositadima1:
I want to introduce you to the world of technical analysis. Maybe you will end up liking it more than ofe akwu and rice with assorted meat.

ACCESSCORP did over 2.4 billion naira in trades. That means some people wanted it so badly that they collectively spent over 2.4 billion naira buying it (buy side), while some other people did not want it for various reasons such as profit-taking, rotating into another stock, dumping, impatience, selling at a loss, converting inheritance to cash, buying land, paying for a burial, funding a wedding, paying debt, and many other reasons you can think of (sell side).

What is interesting is that these two sides are independent of each other, and nobody was forced to buy, although some sellers may have had their hands forced for one reason or another.

Now, assuming these buyers came in today wanting to buy, but there were very few sellers, what do you think would happen to the price? Yes, they would start buying at higher prices. It is also true that many people would refuse to buy if they do not have a strong reason, but the buyers who are willing to buy will still push the price higher because the few sellers available will immediately sense the imbalance.

So my point is that a stock does not move because of news or fundamentals alone. Sometimes imbalance alone can move it. The funny thing is that most people do not even care what is moving it. What they want to see is motion, and once they see motion, they start buying until the sell side comes back with heavy supply.

The end.

Very true.

Another thing to add is that smart money on both sides starts picking up volume if the price and fundamentals start to mismatch. This is where fundamentals is superior to technical.

Technicals read the emotions of market participants, fundamentals drives decisions of smart money

megawealth01:
They will never learn. Many dumped MTN, Nestle etc 2024 but look at the prices now. People don't learn from history so they should bring on ACCESS...

I don't have UBA time now because it has not come to my junction yet

That one even made more sense. The economy was just starting to turn around. Right now we are in the middle of a raging bull market, the CBN telegraphed these write-offs months ago. Yet people are acting as if the sky is going to fall.

Anyway I am grateful to the sellers

megawealth01:
Got a good volume of ACCESS at 23.65 naira today...

We go again on Monday... All of una dumpers. Make una no tire ooooo

You wan tension people!!! Very wicked somebody.

If you don't need the cash and you feel the urge to sell Access right now you might be better off buying an index fund or giving your money to a Licensed fund manager.


NO GO GIVE YOUR MONEY TO NAIRALAND GURU OH!! Dem go use your money chop Suya