₦airaland Forum

toyeoye:
OANDO under heavy fire today 🔻🔥

...plunged to its session low (-6.17%), after opening at the day’s high... a clear sign of relentless selling pressure from the opening bell.

⚠️At ₦38.00, the stock is now dangerously close to its 52-week low (₦35.75).

Track every move live on StockBubbles.

olig:
unfortunately, I was late again.

emmaodet:
Why did you say most stocks are over-sold?
Because according to this Meristem research, the current ASI P/E is below average 5-years SD/-1
Which means fundamentally, the average stock needs to be priced up.

leo1234:
Your own is to criticize and condemn what you don't understand.
So someone trading with over 200 million naira looks like a novice to you

Do what works for you and mind your business.

Agbalowomeri:
Ahh make he no experience am o
Anyway targeting 2% in stock market no make sense. It is working in a bull market but make he no carry that bad character enter bear market sha otherwise na eternal averaging down

nosa2:
I have some cash, about 3% of my portfolio size. I don't plan to use it to invest but if the market chooses to get silly in terms of prices then I will gladly use it to buy lower. So if for some reason Zenith goes below N50 I will invest the money knowing that the panic is getting a bit wild. if it doesn't and it hovers around current levels then I will use my money and enjoy my life.

Hope that clarifies things

Agbalowomeri:
Bear never start. Where is the bottom?

ositadima1:
Not really. Even though they have negative equity due to huge payables, this debt isn’t interest-bearing, so it doesn’t eat into whatever profit they manage to generate. I’m not sure what kind of deal they have with the companies that supplied them goods or services, worst case, they do a rights issue or gradually pay it off over time. Those companies can’t take over NCR, strip it for parts, and sell, they wouldn’t recover their money that way. The only viable option is to support NCR until it’s able to pay them back, so it’s not imploding anytime soon.

Despite all this, I wouldn’t be surprised if the stock reaches ₦30 per share.

stokfrick:
I strongly feel this 30% level of CGT will chase away investors.
If you struggle to make profit government will divide your profit by 3 and take one part.
But if you make loss you are on your own.

Streetinvestor2:
It looks na money point or betnaija because no bank will give u such.
I hope baba never dey lie join the matter

SonofElElyonRet:
Block him, then repeat the block after 2 weeks.. no need venting

Valthegreat:
I never concluded that ELLAHLAKES is a bad investment, I only read that from you. But it is clear to investors already that the management are gamers of which I see their games as a way to achieve their growth goals not necessarily for fraud.
Chuka want investors to keep being upbeat about ELLAHLAKES before the company arrives at his projected destination. It is obvious he is taking steps to get there amidst his theatrics and I don't see anything stopping him. There are so many ways to the top and he is following one of them

Valthegreat:
So you were expecting Chuka to give you another lie when you are already holding him on his blockos for his former lies?

However, I believe ELLAHLAKES turn around is getting closer than ever.

yMcy56:
Impossibility is not in the dictionary of this market sir. 😊

The confidence with which ELLAH is going about this, and the fact that SEC approved the fund raising exercise shows there must have been some DD carried out that the company can achieve it, even if not all, at least, a larger part.

Some rumours have it that there are strategic investors on ground to pick up the offers...and that ARPN has strong footing......na hearsay oo.

We see how it goes anyway .....
Wishing ELLAH success in the fund raising program and growth expectations.

currentprice:
In my opinion, what is happening is the effect of the CGT.
Investors prefer to protect their already hard-earned gains from the market before the CGT policy takes effect in January, then start with a fresh slate in 2026 first quarter.

Based on the (TA), I expected this move to start last month, but the NSEINDEX bounced above 142K to over 150K, giving traders false hope.

although d market can not moves straight down to the expected destination , I expect a slow and steady decline throughout this quarter. The CPC has just added fuel to the CGT fire

whichever, Fingers crossed

Agbalowomeri:
Price is a mirage

Stock market bull is advanced and legal ponzi

dangle:
Circuit breaker needs to be activated. ASI down by 5.03% in a day!

Agbalowomeri:
Whether portfolio balance or rickety, all of una go collect

emmanuelewumi:
It still boils down to how diversified the portfolio is


The general market is down by less than 5% but his portfolio is down by 30%

Agbalowomeri:
The psychology is that when it bounces back by 10-20%, more sellers who didn't have the opportunity to sell will appear and the next journey will take it to 1.5-1.8

emmanuelewumi:
You also need to consider liquidity


It is also difficult to target and sell at the 52 weeks highest price

essentialone:
Please, why are people rushing to buy the shares of NCR Plc? I see it as a Toxic company and a Time Bomb waiting to explode badly... Their Books is in a mess. Fine they made profit after series of losses, but they are not yet out of the woods. Also, it is worrying that their Current Liabilities is higher than even their Total Assets. Take a 2nd look at it and tell us what we are missing in it...

Agbalowomeri:
Let's bet with our babes if e sure for you

ghm:
What do you mean by rotating into another stock, even the same one?
Do you mean selling the stock and reenter again? Did you consider the impact/extent of the fees to sell and fees to buyback?

Kindly explain more.

ositadima1:
The tax law seems to provide a loophole specifically for stocks. If you reinvest your earnings within the same tax year, you don’t pay tax on those earnings for that year — tax is only applied to the portion you withdraw without reinvesting.

Another interesting point is that the law doesn’t specify how long you must hold your new investment before selling it again. In many other countries, you typically need to hold the new purchase for at least a year to qualify for tax exemption.

So, the loophole here is this: make profits from those rubbish “jijo” stocks, withdraw the gains, and reinvest them into more liquid and stable stocks like banks, Presco, or BUA Foods. Then, sell those after a week, even if it’s at zero gain, a small profit, or even a small loss.

Sounds almost like money laundering, lol.

mikeapollo:
If the CGT madness is not reversed, virtually every stock will be affected. Some may be affected more or quicker than others, but all stocks will get a hit eventually and it would be opportunity for bargain hunters to accumulate.

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

PETERiCHY:
OANDO & ACCESS sighted @t Sub #40 and sub #22 respectively while Ellah baby has s finally secured at #13 junction.

Meanwhile EDUCO & Street-Fighter rightnow