₦airaland Forum

searchng4love:
FIRSTHOLDCO is in a world of it's own. The upcoming share issues must be at the right price to attain the 1 trillion naira capital base..... So that share is still coming down.... Whether Otedola likes it or not!

Wale Oando needs this kind of pump..

Of course, it will come down. Look at the retail traders, they all want it to go down. All of this is because of the moneybags with their 10 million-unit buy orders. Look at Friday: when they stepped back and allowed the normal market to do its thing for a while, the stock dropped 10%, but it recovered once they returned to mop up the sell offers.

I see this bull run continuing until they have accumulated as much as they want. After that, I think we could see a sharp correction, possibly losing up to 30%.

NB: This is just my own analysis, and it may turn out to be wrong. Remember, many futures are possible, but some are much more likely than others.

yMcy56:
FBNH Q2 2026
.https://doclib.ngxgroup.com/Financial_NewsDocs/47491_FIRST_HOLDCO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2026.pdf

** One of the good things Otedola will bring to this table is prompt reporting!
Think this is a plus for FBNH
Kudos Otebaba 👏🏆

This is a good sign for ZENITHBANK and GTCO. We may see a 10% to 20% move in those stocks as well, although it may not be as explosive as FIRSTHOLDCO's.

Streetinvestor2:
What price did u enter. I bought many of mine at #6 some moon ago
I don't plan to sell anytime soon
I want to start collecting back dividend like in the past.I have been with FBNH since the day of PO yrs back and have never sold a unit instead accumulated at #6

I need to clarify something here. I have two accounts. One is my investment account, which holds stocks like ZENITHBANK (bought at ₦12), DANGCEM (bought at ₦116), UCAP (bought at ₦2.50), and others. The second account is strictly for trading.

I am not embarrassed to say that I trade the NGX the same way car dealers buy tokunbo cars, buy, hold for a while, and resell for a profit. It is a source of income for me (you nah Oga nah, you no dey trade, you no need money nah ).

In this case, I bought FIRSTHOLDCO at ₦69, before the recent correction, as a trading position. I made about 50% on my money, and I'm satisfied with that. I'll soon move into another stock and withdraw my profit.

I have hit my target of above ₦100 in Firstholdco, so I'm out, guys. Good luck to those still holding. It may still go to ₦120 or even higher.

yMcy56:
First Bank, all offers cleared !
Closed @95.95

When OANDO is ready, that one even easy...
You know why? Higher % of the OS is domiciled with Ocean and Oil and some other institutional investors/Companies....
Only around 32% owned by minority shareholders...
So, moving it shouldn't be that difficult.....compared to FBNH with humongous OS...
If FBNH can do it, OANDO should be able to do it much better . 😁

I said it here, lol.

This one was easy. Look at the billions being traded, yet the stock still didn't close in the red. Like I said, ₦100+ is coming for FIRSTHOLDCO.

Some people have now changed their tune, from calling for -20% to now talking about +20%. Others are congratulating people who sold, when another 15% to 20% upside is still very likely. Lol

Agbalowomeri:
They probably don't need to panic. They can become investors till next year. If Q1 is sustained, can we see EPS of N25 by year end?

As I see the ₦9 billion traded so far today, I have no fear. ₦100 is not far away. Based on Morgan Capital's order book, all the current sell offers are worth less than ₦2 billion, meaning they can easily be cleared if the heavyweight buyers are still in the market. I'm not really interested in what the retail traders are doing with their small buy orders. Left to them, FIRSTHOLDCO would be down 10%.

Pennystockwarri:

https://www.youtube.com/watch?v=1kV_rjJ3zY0?si=6L-Z9ZWeoLna8LZK

A few stocks I'd be watching closely in today's trading session on the NGX

The bigger question for FIRSTHOLDCO is: Who is buying, and why?

Let's look at the data:

It traded ₦80 billion last Thursday, ₦1.3 billion on Friday, ₦22.33 billion on Tuesday, ₦6.19 billion on Wednesday, and ₦3.38 billion on Thursday.

We can see that over the last three trading days, it has consistently closed at the day's high while traded value has been declining. The evidence appears to suggest that sellers are being absorbed.

Based on the above, two questions arise:

Have the aggressive buyers exhausted their buying power?
Will sellers eventually come out en masse and overwhelm the buyers?

Your analysis is based on normal market activity (Organic Trading), but what we have witnessed over the last few days does not appear to be normal.

NB: Not a buy signal.

ikemeze:
which stocks?

Oga Street, they are using your brother, Ikemeze, to get to you. For all we know, the real G behind this might be Adebayo Babatunde Adejikpo. 😄

Agbalowomeri:
30% in three days will make many to offload especially when we are not in a general bull

Ok, that is possible, but it is a big speculation. Why didn't they rush in to offload today? As I mentioned, today's traded value was lower than yesterday's, and most of the trades were executed at the day's highest price. You can see that the evidence we have at the moment does not support your case.

That said, it could still happen, as you suggested, if the people buying these billions of naira worth of shares at the highest prices run out of money.

KarlTom:
Let's see what FIRSTHOLDCO will do tomorrow.

My preliminary analysis is the FB will be very thin or flat...

Every mallam to his kettle

No vex, I don't understand your message. Were there many sell offers that didn't get filled today? I was busy, so I wasn't following the bid-ask table.

Yesterday, it closed at the day's high, with about ₦6 billion worth of shares absorbed by buyers. Then today, it again closed at the day's high, with another ₦3 billion absorbed by buyers.

Or do you think the buyers have exhausted their gunpowder, or were there simply too many unfilled sell offers today?

Mpeace:
I hope this first bank carry us go 500.
Make e no be say our mentor just dey raise money for dang refinery ipo

hopeful95:
Can I still buy now?

It seems all the holders are playing the game of "Let's not sell because everyone else is holding," hence the full bid. That will continue until one or more Judas decide to start dumping. Then others follow and start selling too (perhaps at ₦100 or above). But if the buy side is strong enough to absorb the selling pressure, then maybe we could see prices reach Zenith's current level, or who knows GTCO.

mikeapollo:
I agree with you; Those selling are making good profits, of course.
My comment is to highlight the pros and cons for those who may be buying now to keep for the long term.

My target is above ₦100. I think FIRSTHOLDCO may be chasing after ZENITHBANK and GTCO. If it moves above Zenith, the real question will be: Can it sustain strong dividend payments, or is the buy side simply deep enough to keep pushing the price higher?

Disclosure: I bought a few months ago and still hold a position.

Mankind2024:
@Omo Osi, I do not blame you. Nairaland.com denied me the right to reply, deleted my post, and banned me.
You are one of the Toxicus Delusionalis breed of Mr. Gringory.
Your partner in envy and hatred for the Nigerian nation had the temerity to threaten me. He missed road.
Both of you combined cannot withstand my intellectual assault. It has nothing to do with age, you are the blind Omo Osi who needs to grow up.
You haters of Nigeria who see no good in our indefatigable president, we left you and your crazy, rabid Toxicus Delusionalis fellows for too long.

You have even turned an investment platform into a political one, where you daily rain insults on our president.
Never in your miserable life should you ever comment on my posts again.

Take it easy. Don't let the bots ban you again. Lol.

All this jibber-jabber over someone you've never met and probably never will. I was once guilty of the same, but I eventually realized how pointless it was.

Namaster:
You are RIGHT.
That is what the figures say.

But that does NOT invalidate my previous post.

The previous post says the figures say that largely because of the difference in POPULATION sizes.

When Total GDP is converted to Total GDP PPP, Nigeria comes out at about $1 TRILLION higher than Argentina.

But that difference VANISHES immediately you compute GDP PPP per capita.
Why?
POPULATION.

The calculation is TOP-DOWN not BOTTOM-UP.

For instance, the figures say the Average SoL is higher in Argentina than in Nigeria.
But NOBODY is actually looking at each individual's SoL.
They look at the total figures and extrapolate.

And population plays a KEY role in that extrapolation.

That is all.

In fact, the difference in Total GDP and Total GDP PPP means that things are CHEAPER in Nigeria than in Argentina.
And the Cost of Living in Argentina is HIGHER than in Nigeria.

But the VAST difference in population ERODES that.

In fact the difference in population is so INSANE that when you remove the number of people living in poverty in both countries, there is still a CHANCE that there are MORE people in Nigeria who enjoy a healthy SoL than people who enjoy a similar SoL in Argentina.

But the figures still say what you say they say.
And my previous post still remains VALID.

Let me address your points one by one:

1. GDP per capita = GDP ÷ Population

As I pointed out, and as your own write-up acknowledges, population is a major factor. But that is exactly what GDP per capita is designed to measure. It is simple: five people sharing ₦500 are better off than twenty people sharing the same ₦500. That is the whole point of measuring per capita.

2. "Nobody looks at each individual's standard of living; they extrapolate from totals."

Nobody said that every Argentine is richer than every Nigerian. The point is that, on average, an Argentine is richer than a Nigerian. That is what GDP per capita measures.

3. "There is a chance that there are more people in Nigeria enjoying a healthy standard of living than people enjoying a similar standard of living in Argentina."

Based purely on population, that is possible since Nigeria has about 220 million people while Argentina has about 46 million. For example, 5% of 220 million is more than 20% of 46 million. However, you still need to prove that 5% of Nigerians actually live above that standard. So, this point says nothing about the average Nigerian, which is what GDP per capita is intended to measure.

4. "Things are cheaper in Nigeria than Argentina."

That is one of the reasons economists use GDP per capita (PPP) rather than nominal GDP per capita. PPP adjusts for differences in local prices. Even after that adjustment, Argentina has historically had a substantially higher GDP per capita than Nigeria.

Also, note that both countries depend heavily on imports. Imported goods are generally priced according to international markets, so people with higher incomes or higher GDP per capita can afford better imported products. It is simple logic.

I hope I have clarified my position.

Krisuba:
Why is firsthand on solo bull??

Lol, that is why you need to follow the money. I checked StockBubbles, and it now shows both intraday and daily traded volume and value. If you had been monitoring the traded value, you would have seen that last Thursday it recorded over ₦80 billion in traded value. Then yesterday, it recorded another ₦20 billion. That is over ₦100 billion in traded value within two weeks.

Either people are selling off, or they are accumulating. It looks more like accumulation because all these trades have been executed at higher prices. FIRSTHOLDCO has closed below ₦57 in the last two to three weeks.

@Mankind2024 was trying to quote your post, but it was taken down, probably by the Nairaland bot.

My question is: why resort to name-calling and insults if you're sure of what you're saying? Why not simply make your point clearly and back it up with facts?

If you fill your argument with insults and degrading remarks, how are you any better than the people you're arguing against?

I think you still need to grow as a person. Maybe another 10 years will help you reach maturity.

Agbalowomeri:
You don't believe stock valuations can outrun a good economy? And again, am I mostly pessimistic about NGX? Is there a difference between being pessimistic and being cautious?

About 90% of your posts are bearish. None of them has been a cautionary note. Go back and check all your posts from early 2023 to today.

So, has the NGX been outperforming the economy since 2023?

I think the only positive posts you made during that period were about a few insurance stocks, and that was after you had been called out many, many times for your failed bearish calls.

Abi na joke? Because I can hardly tell when you're being serious or joking.

Anyway, you're free to say whatever you want. It's your right.

Agbalowomeri:
I hope you have seen the explosion in job vacancies in the manufacturing and construction industries? And it's just starting.

Please post references or links supporting your claim of a job explosion.

On another note, why are you mostly pessimistic about the NGX if you believe the economy is exploding? Isn't that contradictory?

Itzlinda:
And today Argentina's Peso is officially worthless.

Yet Argentina has a better standard of living than Nigeria despite its weak peso, because, in the end, it is not only the value of your currency that determines how well a country is doing.

By the way, Argentina's minimum wage is about US$250 per month, while Nigeria's is about US$46 per month. Both countries are highly dependent on imports. So, who do you think can afford more? Who is more likely to wear better jeans, shirts, and shoes? Who can more easily buy better imported phones and laptops? Who is more likely to drive better used "tokunbo" cars?

Namaster:
When talking about GDP per capita, one thing to consider is POPULATION.

Argentina has a population of 46 Million.
Nigeria has a population of 245 Million.

We have NEARLY 200 Million MORE people than Argentina.
In fact, you can remove 5 Argentinas from Nigeria in terms of population and still have enough people left to populate SMALL country.

A HUGE disparity in population like that will inevitably skew per capita computations.

That said, there TOTAL GDP is still HIGHER than Nigeria.....and that of ALL other countries in Africa.

But when you compute TOTAL GDP in terms of Purchasing Power Parity, Nigeria's is HIGHER.

One of ONLY 2 countries in Africa to manage that.

Finally, Argentina's GDP also comes with a FAT debt of $549 BILLION resulting in over 80.3% Debt-to-GDP ratio.

Compared to Nigeria's GDP which comes with a debt of $103 Billion and a Debt-to-GDP ratio of 35.5%.

Fun fact:
Argentina also has a HIGHER GDP per capita and GDP per capita PPP than China.

Let that SINK in.

It is quite simple to understand. Based on these numbers, the average Argentinian enjoys a better standard of living than the average Nigerian or Chinese. That is what this long epistle is saying.

A family of four earning ₦500,000 per month has a higher standard of living than a family of fifteen earning ₦1 million per month. Nigeria's GDP is sometimes higher than that of some European countries, including Norway, but its GDP per capita is much lower by comparison.

So, it is not just about how much a country earns, but how much of that income each person effectively enjoys.

Agbalowomeri:
This your declaration is humble. Wetin happen to billion shares

At least I have a conscience. I know I'm trying to take what was never mine in the first place. Besides, it's easier to take a small share. Trump wants the whole Strait of Hormuz, lol.

presiade:
But Nairaland belongs to Seun Osewa and family? If Seun wants to control traffic on Nairaland, you will say no, correct? And if he disagrees, you’ll send bombs to neutralize him, and his entire village, right?

I can block Nairaland if he refuses to pay me 20% of all ad revenue using Denial-of-Service, Distributed Denial-of-Service, and DNS-based attacks. So, Nairaland is mine. 😂

presiade:
Schrödinger’s Strait of Hormuz.

Lol, I hereby declare myself the owner of Nairaland. I also declare myself the owner of one hundred million units of Zenith Bank shares, effective today. 😂

Tragicomedy

Nigerians and suffering have become inseparable. We politicize and celebrate everything.

When power is restored after an outage, people start jubilating, even though it may not last more than four hours. When children and their teachers are kidnapped and later released, we celebrate, even though it will likely happen again.

We keep celebrating things that should never have happened in the first place. Incompetence is accepted and defended. What a shame.

Meanwhile, the few who lead are living their best lives, while the poor and the brutalized are trapped in hellish conditions, arguing and fighting over meaningless pittance.

Such is life.

Jaakay:
Dont loud it, some people will be upset.🙃
Back to stocks🚶‍♂️

Some people are childish. Look at what this human being typed here. You want to weaponize other people's misfortune to paint critics of the government as bitter. I am very sure you feel nothing for those kids or what they went through. Continue.

Follow-up: If you have, say, ₦100 million in life savings (by working hard and saving aggressively in your early years), and trade responsibly, targeting 20–25% per year, which is very achievable, that works out to more than ₦1.5 million per month on average.

You can live in a cheap but decent town. No daily commuting stress, no boss controlling your time, and no restrictions on your movement. Office workers can relate, some have only 21 days of annual leave for the entire year, meaning that if you have an urgent personal matter, you're in trouble.

The best part is that most workers in Nigeria, probably more than 90%, don't earn more than ₦1 million per month.

Oga Street, what do you say?

Streetinvestor2:
Money for politics is not Money for house rent, feeding money, school fees, selling of palm oil..lol
Go and verify from imo state governor na him talk so to avoid BP
Ngx na savings account money since 2000 oh.Shoe get sizes.i hate criminals and don't associate with them

But you always criticize people who trade the NGX as their only or main business. Is there anything wrong with that? I am sure you trade too, and even if you don't, many people do.

If you buy 500 bags of cement from Dangote and sell them in your shop at a profit, how is that different from trading on the NGX? Why is one considered bad? Why do you mock people who depend on the NGX to make a living?

What makes them any different from someone who imports tokunbo cars and resells them for a profit? I genuinely want to understand your point of view.