₦airaland Forum

megawealth01:
Almost everyone for NGX dey take style market their hustle... Gamble, FA, TA, SA etc na strategy differ

Who is using style?

Abeg no forget to buy some Access bank today

ositadima1:
So in other words, you agree that you cannot realize that market cap easily in cash. Saying Dangote Cement has a trillion-naira market cap does not mean a trillion naira can actually be pulled out from it.

It can be one trillion today and, based on liquidity and other factors, become 200 billion at another time. That is why I said not to take market cap too seriously; I never canceled it like you claimed.

So the guy who said that because he has more than 45,000 birds and fish ponds, therefore his farm should be valued higher, is also wrong. Until liquidity, demand, and other market factors price the shares, the valuation remains theoretical.

By the way, I already know how to calculate market cap, but thanks all the same.

If Dangote wants to pull out N1trn from NGX he will fail woefully but if he decides to pull it out on NYSE he will succeed. Lack of liquidity doesn't mean the asset is not worth the market price.

There are offices in fund management firms that handle purchases/sales simply because they want to take position without moving price too much. Your argument is right and wrong at the same time. It is right because the price will move temporarily but it is wrong because the price movement will be temporary.

P.S. Did you buy some Access bank today?

megawealth01:
Abeg ooooo. I bought many recently at sub 10 oooo

Haha! I swear you sound like a good friend of mine who lives in Lagos. He is also bullish on Ellah at current price. I hope you guys suffer serious paper losses so I can buy lower.

In the long run (2-3 years) N10 is a steal but between now and then a lot can happen

EDUECO:
Jumping in and out of a stock where there is an opportunity to make quick money is okay. But I don't encourage using very risky companies when jumping in and out of a stock.

Ellah lakes(aka lekos) is a low quality company when compared to companies like ACCESSCORP and UBA.

Both ACCESSCORP and UBA have not declared loss results(reduction in profit is not equivalent to a loss)for the last 20 years. On the other hand,Ellah lakes is still a mediocre or a loss making company .

I plan to buy Ellah lakes for N2. I am just looking at all this bull market blues. Let market sentiment change first, people will be dumping like the stock has leprosy.

Agbalowomeri:
But true, he that is down needs fear no fall
Na ACCESS case be that

If ACCESS go move, it can do 100% in 2 weeks but who go dey inside within those 2 weeks?

Well, e no get wetin I wan use the money do. so make we dey look am.

Agbalowomeri:

Abeg leave me to sell my market oh!!

My helper fit dey this thread

Agbalowomeri:
Haba wetin be this

Is this one billion trillion?

My ancestors will judge you for this

emmanuelewumi:
You remember Afroil.

A company that could not pay the rent at Ajao Estate and got quit notice 5 years earlier, got over 500% in capital during the bull era.

Afroil was in the down stream sector of NGX and was the cheapest in the sector at N1.00, after investors made money from Mobil, AP, Total etc they started using the profit to buy Afroil and the stock was on full bid for weeks.

At the end of the day, the stock crash and the business went into oblivion

Never let facts get in the way of a good story

Streetinvestor2:
How much is thr eps
Cbn no dey allowed banks touch retained earnings most times.

check the Access Bank thread on www.ngxforum.com

Streetinvestor2:
U sure u see well

You check the result na.

Retained earnings is N1,996,663,000,000

Agbalowomeri:
What would be the catalyst? No interim certainly and it will be a struggle to pay final dividend

No interim? Ok na. I guess I have opened a savings account.

P.S retained earnings per share in Q1 result is N36.72

Agbalowomeri:
As long as you are patient till after election you are good to go

So you think Access bank will be at this price level for the next 8 months?

I laugh in Idoma

Streetinvestor2:
This days dey are standing in betnaija shops..lol.The gen Z group

There are actually people that take betnaija as investment oh. Like they analyze bets the way people analyze company results

Just sold the last of my ETI @ N92 and I am rotating into more Access Bank at N25.90

If heaven wan fall make e fall

Please does anyone know where I can get the PDF files for all the latest quarterly results released so far?

ositadima1:
Pain in the ass, armchair analysts.

Aren't most financial asset analysts sitting in chairs?

emmanuelewumi:
Dangote Cement with a better market history, pedigree, institutional investors etc should sell at a higher multiple na, but Zichis has a higher multiple.

Zichis has a Price Sale ratio of 71 compared to 4.5 by Dangote Cement

Zichis has a PE ratio of 150 compared to 15 by Dangote Cement

Zichis has a Price Book Value ratio of 40 compared to 8 by Dangote Cement

My brother see, this is a bull market and people are looking for effective ways to lose their money. FOMO is real oh!!!

Agbalowomeri:
Person wey wan run once he breaks even in ACCESS

Access bank never even begin to reach the price wey I go sell. Me that I am even thinking of buying more today

Streetinvestor2:
You that said u go soon run to fixed assets. Won't u sell access when doing that

So long as there are stocks trading with a forward PE of less than two I no dey go anywhere.

megawealth01:
He for sell in batches but... When exiting such stocks it fit take you 60 days so there won't be suspense

The sale could have been the first batch

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