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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 4:27pm On Sep 03, 2024
I tell you.


megawealth01:
Alhaji will still have war to fight in this direction as time goes on
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 4:26pm On Sep 03, 2024
You are absolutely correct. But, controlling prices does mean abnormal prices and hardship that we face today. Again, use that cement as an example. If we are still important in the face of the current devaluation. Someone was lamenting days ago on Facebook that is ordered/bought an IPhone (I don't know which one) and had to pay over four hundred thousand naira as custom duties on it.

Also, another thing: before we condemn Dangote for selling cement cheaper in other countries, find out why Samsung is cheaper in Nigeria compare to Korea. Same reason why Chinese will sometimes subsidise her exporting companies. At least, let him keep the jobs for us. This game is not easy globally.




ojeysky:
You really believe that to be one of his aim? A business man like Dangote would aim to control pricing like in other sector he is in. Not judging him though he is a businessman
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 4:19pm On Sep 03, 2024
Truly.

Not only that, but, maybe for the first time, we can earn true forex from crude export. Because, before now, we sell crude, "earn forex", borrow more dollars with the so called "earned forex" from crude, and use it to import petroleum products and pay subsidy. Was that one earning forex?


megawealth01:
https://www.vanguardngr.com/2024/09/tinubus-naira-for-crude-policy-will-slash-forex-demand-by-40-dangote/

Tinubu’s Naira-For-Crude Policy Will Slash FOREX Demand By 40%
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 4:16pm On Sep 03, 2024
You sure?
With NNPC as the sole buyer/distributor/monopoly?

How I wish we can get rid of NNPC totally in this matter. Let them just wait for the reward of their 7.5% stake

megawealth01:
The major reason I support Alhaji on this is that we can track productions...

Nnpc should do better being a publicly quoted company than what it is todayhuh
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 2:47pm On Sep 03, 2024
This is called "close marking" (in a local English).
Since they failed in frustrating the DR, and the probable end to their free money on importation and the associated "subsidy", they are giving DR "close marking" and they want to keep Nigeria in captivity by force.

I just pity Alhaji Aliko Dangote. He would have built the refinery in another country, if he knew.

Is either the bring in another "entagling support/subsidy" and force DR to comply or that refinery collapse like their own. All the recent drama is for that to happen. They want the price to be as high as anything before DR begins rolling out of PMS. So that they can tell bullaba that they new crude to offset some cost.

I don't see Alhaji Dangote being able to achieve one of his aims (driving down cost; both direct and indirect). He just have to play along; he doesn't have choice. That investment is huge.

Note,
Before you accusing Dangote of monopoly or getting undue advantage from government, just imagine how much you would have been buying cement now, if he didn't open up that sector and if we are still importing. Remember how much PMS, Rice, etc were sold before he started producing cement. That will guide you to know how the price would have been


Zagee:
What is all this talk of NNPCL monopoly on buying from DR? What happened to our enlisted right-to-purchase coys?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 12:51pm On Sep 03, 2024
Thanks. I am following this thread religiously smiley



megawealth01:
Look for those stocks that I gave picks at for people to buy that haven't moved an INCH and buy with what you can afford to lose and HOLD... LEARN patience in this market... It's not a GET RICH QUICK SCHEME in the long run

DYOR
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:56am On Sep 03, 2024
Unfortunately, even Madam Patience Jonathan does want to go back to Aso-Rock.
I know is that "I want to share love with you people" (in Madam Patience voice), and get some OANDO-like loot (since I missed out on OANDO) gringrin


megawealth01:
Which way Nigeria?

The price of fuel has been increased "OFFICIALLY"?
TravelRe: USA Employment-based Immigration (EB-1,EB-2,EB-3 Visa) by olig(m): 8:08pm On Aug 31, 2024
He should be able to follow the next buss grin
I just hope they have finished the December 2022 DQs.

uduafemhe24:
The only thing we have got is hope. Let's see what September will bring forth.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 6:56pm On Aug 31, 2024
Good to know that ASUU is more powerful than the government. Obviously, ASUU also made the newly created universities "non self sufficient". ASUU has always proposed many ways to fund university. Go and check how ETF came to being. And now politicians have hijacked it using it to fund irrelevant things.

It is amazing "how selfish ASUU is", in a country where the take home of a professor is less than 500k. In University like UI where we had to help our professors carry kegs to look for water up and down. Where we had to contribute money to hire generator for months (when there is no reliable power) in order to do analysis and research needed to represent the university in national and international competitions. ASUU IS ALWAYS THE PROBLEM, right? Including the schools that doesn't have ASUU.

I end my case here o. This is Nigeria Stock Picks not ASUU or government thread grin

Raider76:
I worked in a Nigerian university. I know what university funding and fund utilization are like. Most infrastructure and equipment in universities had nothing to do with ASUU push as you put it. They are just a bunch of heartless people who don't care about the lives of the young people they are training. ASUU has resisted every move to make universities truly self supporting, including the recent student loan idea.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 4:53pm On Aug 31, 2024
But you did not mention why you diagree on ASUU. We always think all about ASUU is salary, which is not so. I did my masters in UI, if not for ASUU struggles and alumni, they wouldn't have had any working equipment. Still I had to send the bulk of my samples to Canada.

ASUU strike affected me in the past also (though at master’s level). But that does not me I will blame ASUU for it. I said it then that they shouldn't have called off the strike. Because, I know that our government is irresponsible.

By the way, I am not a member of ASUU, and I don't even work in government establishment.


More so, I never said the amount was not the true consumption. I only mentioned some of the realities in Nigerian Universities. Because it was as if UNILAG, etc are irresponsible. That was why I mentioned private too. Just to have a view about the affordability. Schools of UNILAG, UNIBEN, UI etc's magnitude should even be consuming more than that if they are affective and are where they should be. Labs, equipments, research, etc consume a lot. Some equipments can not or should not be turned off.

Again, my point is affordability who will pay at the end?


I deliberately did not respond to the post on the order given to crash food prices. It is also related to this. Government did not give an order to address cost of production. Yet, they want prices to be crashed, I can only laugh in Spanish. Th3y are just playing over our intelligence, because they know prices of food will relatively come down due to some harvest coming in (most of which we don't have storage for). They will now say it is their policy or order that is working.

I beg make we leave ASUU and UNILAG matter. We are here for business grin


Streetinvestor2:
I beg to disagree on your stand on ASSU.Then on the amount you mentioned paid for power if it genuinely what they consumed based on metering not estimates. I have no problem wit it because I use prepaid in my house. If they used other energy sources it would have cost far higher. I am only supporting the amount based on true consumption.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 3:54pm On Aug 31, 2024
It seems you have very little or no idea about the initial topic and your comment about ASUU.

Are you aware that every penny generated by every federal university is going directly to the TSA ? This includes the 400 naira vehicle sticker (so that you have an idea).
Are you aware that every institution in Nigeria is now a revenue generating institution?
Are you aware that Crawford University (a private university) paid over 300 million of Naira for the month of May 2024?
Are you aware of the outcry of Dr Save a life that pays 20 million naira for a month in just one of his hospital units?
Are you aware that one bedroom self contain pays between 15 to 20k per month in band A?

I guess UNILAG will be on the band A.

Fine, universities should be able to generate electricity on their own. But where is the initial fund? Is it the university where students needs to send samples to Canada, US, SA, etc for analysis, because of lack of equipments?

Anyway, I understand your pain, as you latter mentioned. One year is a long time to waste, I agree. But trust me, if not for ASUU push, I wonder where Nigeria universities would have been.


Raider76:
You have to get rid of ASUU first. They are the ultimate leaches that believe everything has to come from government. If Unilag is a private university in the example you gave they would have built the ferry.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 9:57am On Aug 31, 2024
@Laso09
Valid points. @Laso09 and other are valid also.
I am still not clear about the dominant force in the Nigerian Stock Market. Still studying, observing, and "gambling". TA, SA, Valuation.... or sentiments and/or manipulations? The peculiarity of each market (NGX, JSE....) will determine which drive controls the market. All drives plays a role, but some are stronger than the other.

I know the existence of Nigeria itself defies logic. That is why some conventional economic principles will not work here. Thank God for harvest season, CBN would have hike interest rates to 100% and food inflation would have kept increasing. So, some conventional methods and analysis might not work here. Still looking for what works cheesy


Mankind2024:
In all models of valuation, both conservative and non-conservative, we must acknowledge the arrival of sentimental analysis, driven by technology. I can tell you that Nigerian investors had no access to live trading 12 years ago; we had to monitor stock prices in daily newspapers and news. I remember vividly sending buy orders to my brokers via email. Today, we are empowered with tons of information, participating actively in buying and selling. Some previously dormant stocks were revived from the graveyard and began to show life due to investor sentiment. Since no one has a verified crystal ball like the OANDO prophet Utuocha, we now use available tools to make fundamental analysis (FA) or technical analysis (TA) decisions, coupled with sentimental analysis, which Warren Buffett has acknowledged. The millennials and short sellers can punish the most undervalued stock and promote the most overvalued stocks, still smiling to the bank. Whether we like it or not, behavioral biases and sentimental analysis are inseparable and have come to stay while the market would always correct and defend itself.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:18am On Aug 30, 2024
Hopefully, we can close above the 2 weeks moving average today

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:43am On Aug 30, 2024
Thanks for the info. I am also watching U, F, Z.

yMcy56:
It's UBA that used to give better interim Dividend in terms of H1 Dividend yield.
Hopefully, it will also follow the pattern this year.

* Not any form of advice o......
It's analogy we used to do here.....make no one mention Mcy if it does not go according to tradition 😊
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:36am On Aug 30, 2024
Help us

yMcy56:
Where is Lancee?
Hope you still remember our interim Dividend calculations for F.U.G.A.Z ........and the one that carries upper hands in terms of interim? 😊
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:48pm On Aug 29, 2024

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 4:32pm On Aug 29, 2024
You are right. But I wonder how arbitrage would work in a centralized space like stock. I know it works and is not difficult with crypto. But here, I hope the person will not end up losing the little value that it has on JSE.

@KarlTom
This number 2 caught my attention.
2. Registrar Coordination: The company's registrar will handle the cancellation of the shares on the JSE and reissue them on the NGX.

My mind is telling me that it will be more or less "selling on JSE and buying back on NGX" with the amount realized at the point of the transaction. Shares are not canceled at an individual's request just like that. It doesn't add up to cancel 20 and give/award 70; who will bear the 50?


Ginalex:
Like an arbitrage trade, buy low in one market and sell high in another. I'm not exactly sure how it's done but I know it's possible. There'll definitely risks involved (foreign exchange risk for example)
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:17am On Aug 28, 2024
What is the "next OANDO"?
cry cry

ProphetUtuocha:
grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:55am On Aug 27, 2024
Okay! Thanks


megawealth01:
Buy C&I if you can get it...

DYOR
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:54am On Aug 27, 2024
Thansk for your response 🙏

Sunrisepebble:
Aradel is the one that's increasingly promising, they're due to list on NGX next month with a share dilution of 20x, so if you enter now on NASD, could still see very good returns, the price is high sha, best offer is N5,815 right now but when it comes to NGX I think the market will try and price it near Seplat.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:48am On Aug 27, 2024
Please, any xA (TA, SA, PA...)/ info or recommendations on Aradel? Or any promising oil and gas stock.
Thanks

ololufemi:
Remember the words of the ProphetUtuocha. Many will seek Oando but ......................

When all the bricks were being thrown back and forth amongst our brethren, it wouldn't have hurt many to use deny themselves some entertainment and use their entertainment funds to purchase it.

If interested in the oil and gas industry, I would suggest you also look towards Aradel PLC (formerly Niger Delta Exploration Production Company PLC).

🙏🏽
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 3:20pm On Aug 26, 2024
I should have don that instead of hoping my OANDO bid pull through today. Maybe I will concentrate more on ETERNA; I only have infinitesimal amount of that. But is till need small OANDO cry


SAK:
If you can't get OANDO for now ,go for Eternal
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 2:26pm On Aug 26, 2024
Please, hpw do I get my OANDO bid filledhuh
Any tactics? when no offer available
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:50am On Aug 26, 2024
grin grin grin
What are the stock of the week? Any recommendations?



megawealth01:
Many of the penny stocks I called out here have all done 100%...



Tantilizers, veritas, regal etc... I ain't a careless gambler grin

If not that I don't like insurance coys I have some I have in my portfolios but won't call them out here because I don't want anyone to be held captive in future by insurance coys
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 2:24pm On Aug 22, 2024
Thank you. Your advise is well taken.
But my request/question does mean I am finally illiterate. I mentioned that I hold minimum units of IPO in a couple of stocks. By the way, I got those as an undergraduate student (2006/2007); more of investing. I am a small investment holder with stakes in MMF, crypto and stocks.

Saying I am a newbie doesn't mean I don't know anything about finance. Just that i consider most people here more advance thank I am. I have learnt a lot here already since I started following a couple of months ago. That prediction caught my attention because it was similar to my "imagination", which I have not tried. And that was why what informed my response and interest. Like I said, my imagination was not even up to 50%. I am still thinking, and evaluating. I guess asking for more info does hurt. Asking for info or guidance does mean I will just jump into it or beyond my risk appetite. I have seen a lot of recommendations and predictions here. It does mean I will act on all. But if I don't know, how would I ack. Anyway. Let me continue my ready and also keep following the developments on the current page. That is what I have been doing. I guess less than 100 pages to go grin

Thanks for the great work going on here. God bless you all


MARKETJJC:
Exactly! Read , read and research. Financial education first and then play the market we with what you can afford to lose and he will learn in the market practically.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:02am On Aug 22, 2024
Could you also enlighten us the newbies about this?

Thank you.

Raider76:
Sounds similar to the semi scalping technique I am using. Difficulty is to stay disciplined and avoid getting trapped. Still liquidity is a huge constraint.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m):
Well said sir.
Same reason I will to take the risk if I can get a clue. I will say that I am new in this space (since I invested a negligible amount in 2006/2027 and was out of touch since then). My 10k, 100k, 1m might eventually grow wings and fly away without anything to show, or get spent on what is not so important.
If I put 1m and I am able to realise half of your projection, to me, it is not bad at all. Sometimes, we don't win always. I also agree that the most difficult part is to stay disciplined (greed is a beast; but everyone wants more money grin).
I am following you.....


aj8:
Thank you sir,

All at stake here is N1,000,000 . That’s the risk. I will not put a dime extra but just keep rolling the funds from each bus stop over to the next stock. Please don’t copy this strategy with your life savings. But, why not a little fun investing for those that this would amount to less than a 1% of their total portfolio. You can equally scale down to a level that doesn’t pinch e.g N100k to 8 step of 1.28mil. Or even 10k to it’s 8 step of 128k .

What it could kill sir, is the initial investment ne c’est pas ? All your other investments will of course continue to run.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:37pm On Aug 21, 2024
Interesting.
If you could update and gyide newbies like us, I would love to follow wink



aj8:
#128: 0-8
I am going to try
8 consecutive picks with a prospect of 100% to be rolled over as below. Could last 3- 7 years or even less. It’s all about the power of compounding.


I will start at step zero of N1,000,000.

Step 0 =N1,000,000
Step 1= N2,000,000
Step 3 = N4,000,000
Step 4 = N8,000,000
Step 5 = N16,000,000
Step 6 = N32,000,000
Step 7 = N64,000,000
Step 8 = N128,000,000


Purely on Common Sense Strategy.

Let’s see how it goes. Will post my progress here.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by olig(m): 5:34pm On Aug 21, 2024
Please how does the narration for the alert of Transcorp dividends look like?
Does it look like this:
FIP:PRB/BUD INFRASTRUCTURE/TPT Trf to XXXXXXXXXXXX?

I just did my e-dividends mandate and did not receive dividends since 2013 or so because of that. This is my first e-dividend.
TravelRe: USA Employment-based Immigration (EB-1,EB-2,EB-3 Visa) by olig(m): 9:40am On Aug 20, 2024
2023-2024 backlog at a glance. The backlog has increased since January 1024.
The positive (P) and negative (N) attempts to compare 2023 with 2024.

TravelRe: USA Employment-based Immigration (EB-1,EB-2,EB-3 Visa) by olig(m): 9:37am On Aug 20, 2024
Nice!

Even, if (b) happens without addressing (a), it will only technically worsen the case after USCIS approval. Increasing the quota will not ordinarily benefit that rate of processing at embassies.



TinFoil100:
Until monthly allocation doubles to about 100k (not going to happen anytime soon due to short staffed consulates and possibly overshooting yearly number limited allocation), i wouldn't take this seriously. it will keep fluctuating (down for a month then up for the next 1-3 months, and on and on) due to increased USCIS efficiency for adjudicating cases.

Solution: Not sure the sugestion below will happen, Immigration (legal and illegal) is a huge rack ( grin cool) the political class latch on for survival,
a. increase staffing quota ( this is where military intelligence team or retired case officers who are interested can be re-employed on a temporary basis till the backlog gets resolved this may take about 2-3 years) at this consulates

b. Executive order by the president to address the yearly allocation for immigrant or Bilateral bill increasing yearly quota.
InvestmentRe: Mutual Funds by olig(m): 3:22pm On Aug 15, 2024
I also get reply from them whenever I mail them.


freeman67:
Experiences could be different sometimes. So far whenever I mail them, they will reply. It may not be instantly but then, I always get their replies.

Though it's been long I mailed them, Attached is their respond the last time I had issues of money not being credited.

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