₦airaland Forum

abduleez1:
And I'm still not first to talk about it here.
What's your point?

Okay, I need to explain... My point is that you trolled the other person, and I trolled you in return, exposing your pettiness.

Locotrader:
Almost 100% in Multiverse in less than 15 days
Cp said stock business is a grave robber business.
How I wish I have 5m units of this stock

I noticed you purchased Multiverse at approximately 3.29. At what price did you acquire the subsequent batch? Assuming you made the initial purchase on November 16th, the stock closed at 3.3 on that day.

Over the following four days, the total trading amount reached a mere 10 million naira, with an average daily total of 2.5 million naira despite the daily 10%. Unless you were the sole buyer, I doubt you could have added more than 2 million naira to your portfolio.

Do you recognize the potential issue? What if negative news emerges about the company?

As I mentioned earlier, there is a lack of liquidity. There's no need to discuss Multiverse until we witness a surge in trading volume. No vex o, na my observations o.

abduleez1:
Lmao.... It ain't deep bruh.

@ bolded....This is exactly the reason I posted my response to his comment. Because you're the first to watch it or post it doesn't mean others don't know about it.
Understand?? No just dey rush GBA chook mouth for wetin you no understand properly. 😂😂😂

Aren't you the one who posted screenshots? You literally had to dig through the archives to find them to prove you were 'first' to talk about it. ROFLMAO!

abduleez1:
Lmao.... So you think you're the first to discover the show.

I've known about the show for a very long time, in fact since 2021 when it debuted. I've had it on my watchlist for years without watching it. And I believe I've talked about that show here before sef before you even knew of it. Na person for here even recommend the show give you. 😂😂😂

There's almost no current HBO major show I don't know of. I fit just no too talk about am.

Did you learn about the show through clairvoyance? Isn't it the same online outlets that we all use to find out about shows?

So, someone shouldn't comment in peace again because you are the "first" to know about it. ROFLMAO!

Baddestguyp:
smh.

Did I tell you I didn't know?

But you never mentioned that you knew as well. Lol

femu:
Oga leave this debate.

Lets discuss stocks hear as usual or create another thread

Onye obi onubu. Very bad of you!

Locotrader:
I started this business with 140,000 in 2002.
I have built a personal house, tenants houses, hostels for students, plenty lands purchases, tricycles on the road and happily married with 3 kids as at now and I control over 50m naira stocks presently.
My brother,I think I am okay with my investment pattern and plan.

I don't like your pattern of trading.

What is my pattern of trading if I may ask?

.

Locotrader:
Why I put it open for you to see is to let you know I am not selling multiverse anytime soon.This is just but a very small portfolio of mine.It is my long term stock.I will be posting it from time to time to tell you it's not for sale even at #10 instead I add more units at any pullback. I have other stocks for gamble purposes

Now my advice to you is make your investment personal to reap returns very fast.The way you analyse stocks,I wonder how you make money in this business.

I love liquidity more than anything. In my opinion, the true test of stock picking mastery is when you make predictions for stocks that are very liquid. Let me give you an example. Even if you had 100 million naira, you would have still made good money with DS, UBA, GTCO, etc., and you could have easily withdrawn your money.

Locotrader:
I thought multiverse is a monkey hunter's stock which the hunter will cash out at 20%?

Anyway it was available for days though in small quantity.i was able to get 1.2m units of it out of my 5m units target.

Well,I am not a deceiver.Those who know me can tell.But I will not tell you the price I am exiting......

It is currently unavailable and has not been available for at least the past 40 days. The highest trading total in the last 40 days was 3.1 million naira, and it only exceeded 2 million naira on 8 out of 40 days. On most days, the trading total was less than 400,000 naira. The only months with trading totals exceeding 50 million naira were August, September, October, and November of 2022 since 2020 to date. Therefore, the stock is currently illiquid, and there is a high risk of getting trapped for months. It may have potential, but there is simply not enough supply to meet demand.

Let's assume John and his friends have 50 million naira that they want to invest in this stock. It would likely take months or more to fully invest this amount, and the stock price would likely double or tripled by the end of that period. This again indicates that the stock is illiquid, and I would not recommend investing in it except for gamble.

As more people try to invest in this stock, the price will continue to rise, even if only in increments of 1 million naira. By the time the price has reached a desirable level, Loco will have already exited, leaving you holding the bag. Don't be fooled by the hype surrounding this stock.

Locotrader:

Okay Nah.
I think say na only me see am

Dat ur multiverse, u go tell them make them bring out. Eh no dey nah.

emmanuelewumi:
I am not sure they want to exit Nigeria most of the Indian owned businesses of the Vaswanis, Aswanis, Chellaram and many others have been operating in Nigeria for the past 80 years, most of them their great grandfathers japaed to Nigeria over 100 years.


I have aged parents who patronize them and I can tell you that the business and Investment opportunities in the health sector is enormous.


Very difficult to see a Nigerian owned family business that will outlive their founders up to the third generation

I am merely speculating o.

Based on the assumption that their annual revenue of 2.6 billion has remained relatively stable, the brothers cashed out approximately 3 million USD annually. But, due to the currency devaluation, this amount has decreased to less than 2 million USD.

Given the uncertain direction of our economy, I like them would also like to diversify my investments.

One approach would be to issue new shares, dilute my holdings, and hope that the fresh funds will aid in the company's expansion.

Alternatively, the brothers could inflate the stock price and sell a small portion of their holdings to the public. Selling 15% of the company's shares (from their 96%) at 50 naira would generate no less than 20 million USD while maintaining their controlling interest.

phadriz:
The result is not impressive in my opinion because they did 2.6billion for full year of 2022 as a private company, I don't see them making 700m within 3 months to match 2022 performance. EPS fall from 1.3 to 0.5.

Considering that the family holds over 96% of the company's shares, what could be the motivation behind listing the company that has been operating successfully since 2005? What is the underlying strategy?

I hope it is not a covert tactic to partially withdraw from Nigeria at the expense of the public. For instance, the stock price could be pumped up, followed by a gradual sell-off of shares.

The three major shareholder are Indians.

Locotrader:
Pls can you post the shareholding structure.
This area is very important in stock business.

https://mecure.com/pdf/mecure%20Industries%20Plc%20-%20Listing%20Memorandum_Updated.pdf

Page 44

mikeapollo:
You may be right, but only to some extent.
What banks/businesses invest in is the FUTURE, not necessarily the past.
A company may have a terrible past, but banks would give loans and invest in it if they are convinced of the future prospects. Most companies doing well today have had difficult pasts!
Oando has good prospects as an upstream company (sales and receivables in dollars), plus additional resources from the acquisition of ENI. Their shares would clock the N100s the moment they are able to stabilize paying their loans and dividends to shareholders

While raising awareness, also communicate to the "new people joining every day", that the delisting at 7.07 is still under court consideration, and buying above 7 may be a significant gamble.

mikeapollo:
Remember this is an online platform where hundreds of people join everyday.
What is old ''news'' to you may be entirely new information to someone else!

Sorry Sir, I am in no way obstructing your awareness campaign.

yMcy56:
And do you think a whole AFREXIM will just be dumb enough not to carry out due diligence before granting a loan or entering an agreement?
Me I don't think so......
What I think is that they must have sighted hidden values and potentials which will be worth the effort.

Besides, AFREXIM is committed to injecting funds into power sector of the country as a form of improvement for developing nations.......I think as well as the African countries sha.

Same AFREXIM picked up some % of GEREGU shares.

Think there's more to OANDO recently than we can all see.........which Wale factor has made to be obscured.

Why are we repeating the same story every day? Is it merely to fill up the pages?

Oando is currently undervalued compared to its potential. The question is whether the delisting will occur at 7.07 or at another price. If not otilo, a price above 30 is very possible in the coming weeks sef.

Locotrader:
You are also a boy if this is the case.
Who is not a boy in this life?
This has been my usual way of addressing my inner persons.pls I didn't take it as attack.I don't even think streetinvestor is offended.
Pls bury the stone now

Na joke o.

Locotrader:
When a sector is bullish, cashing out 20% is nonsense.Solid mineral sector is the right place for an investor to be now.You have been attacking me on Japaul right from the days of 29kobo but even at 1.87kobo, japaul is still a buy.You can see a huge demand on Japaul right now.Is it Multivesrse with small Os that will not double in price?The more you attack me, the more you miss money. Market must do justice to any stock that is carefully identified.

MULTIVERSE can't be manipulated by Loco.Multiverse will make a lot of people rich.Thats it.

Boy be serious in life

It's amusing how you address people as 'Boy' due to your "Chicken change". It seems that your 30 million has gone to your head.

BullBearMkt:
@ositadima1,
In less than 6 months, the ROI on UACN is now more than 100% since the above discussion in June. First take profit triggered yesterday!

Congratulations, @BullBearMkt!

I observe activity between 9.45 and 12.00 based on my 2020 data, a decline below 12.00 is still possible due to supply availability, preventing a likely significant upward movement. However, strong fundamentals could support further gains.

My target was a 20% increase, and it surpassed 100%, which is very good.

I am gathering some facts about Oando PLC. Can you help me correct any errors?

Fact 1:
Oando PLC was listed on the Nigerian Stock Exchange (NSE) on October 31, 2002, at an initial public offering (IPO) price of N10.50 per share.

Fact 2:
The company's stock price has since fluctuated significantly, reaching a high of N168.50 per share in 2007.

Fact 3:
Ocean and Oil Development Partners Limited (OODP), a core shareholder of Oando PLC, is seeking to delist Oando from the Nigerian Stock Exchange (NGX) and the Johannesburg Stock Exchange (JSE). OODP has made an offer to acquire the shares of all minority shareholders of Oando at a price of N7.07 per share. The offer is subject to approval by the shareholders of Oando and the sanction of the Federal High Court.

Fact 4:
In 2002, Ocean and Oil led Unipetrol's bid for 60% of Agip Nigeria Plc. The merged company was rebranded as Oando Plc in 2003, the second largest downstream petroleum marketing company in Nigeria. In 2007, Ocean and Oil Holdings swapped its shares in Oando Energy Services Limited, Oando Production Development Company Limited, Oando Supply and Trading and Oando Trading to Oando Plc shares. This brought Ocean & Oil Holdings' total stake in Oando plc to 35%.

Fact 5:
Ocean and Oil Development Partners Limited (OODP) owns 57.37% of Oando PLC's shares. This makes OODP the largest shareholder of Oando PLC.

Fact 6:
Wale Tinubu, the CEO of Oando PLC, is a major shareholder in OODP. He reportedly owns a 66.7% stake in the company.

Locotrader:
The stock I was referring to yesterday is MULTIVERSE.I will not talk about this stock again for now after this write up.It is not a stock for traders but for value investors and dividend lovers.The stock has repositioned to add value to shareholders.It is a stock worth keeping in a portfolio for 8 years of Tinubu administration because they are changing the narratives of solid minerals.Multiverse, after reconstructions, started this year with an interim dividend of 5kobo.This is also a good move.The top and bottom lines of Multiverse will continue to improve and Eps will continue to rise.Below are some of the things I found attractive in the stock this year which will extend to next year and beyond.I will not say precisely where the price of the stock will reach but the Journey will be like that of vita foam, Nahco and Transhotel that delivers above 100% and above.The forecast is going to base on the Numbers going forward

What price range would be a good entry point for buying MULTIVERSE shares?

OhBritannia:
But i clearly said and i quote that the politicians are the problem.

because if the leaders in China are developing their population then if the leaders in Nigeria can follow suit and develop the Nigeria population.
Population can only affect our economy in an advantageous way especially our youthful population.

See!!! My point is that if the Nigeria leaders had done the right thing then we won't have been complaining about reducing population.

And yeah as about your take on Elon Musk, so you think one man having 100 billion dollars in a city where there are tens of thousands of homeless people is okay by you?

I am not saying he should be forced, all i am saying that out of their Goodwill if Elon Musk and his kind can do that then the world will be a better place for everyone.

Most homeless people in the United States are homeless because they made poor choices, either themselves or their parents. If foreigners can go there and succeed in large numbers, what stops Americans from living decent lives? It is not the same in most poor countries, where the system has failed them.

VeeVeeMyLuv:
Yes u will forfeit it for one solid calendar year after which it will be returned to you.

But you get your interest N302,100 within the first week unfailingly if your bid for the treasury bill scale through.

The last one for the year might probably be in November 22nd. After that till next year. Be on the watch out.

I used to do T-bills, but I haven't done so in a while. In 2017, the rate was over 18%, and it is possible that we may reach that rate again next year. In 2018, the rate fell sharply to 12%. I also remember that they used to pay interest (or what ever it is they call it) about three days after purchase.

Niyijac:
Is there anything deducible from this chart?

Are the data points monthly? The chart is unusual in that the trough-to-peak range remained constant for the entire duration of the chart. However, it could still be traded, as it appears to be bound in a channel from 56 to 68, which is only a 21% move over more than three years.

delvzy:
So is it synonymous to a particular stock gaining or losing 10% for that trading day?

I wouldn't say that's synonymous with gaining or losing 10%. Hypothetically, a stock can still be traded at its extreme prices for that day without going into full bid or full offer.

"Full bid and full offer are terms used in stock trading to describe the situation where there are more buyers or sellers, respectively, at a particular price than there are sellers or buyers, respectively, at that price.

A full bid occurs when there are more buyers willing to purchase a stock at a particular price than there are sellers willing to sell the stock at that price. This means that there is a strong demand for the stock at that price, and it is likely that the stock will trade at that price or higher.

A full offer occurs when there are more sellers willing to sell a stock at a particular price than there are buyers willing to purchase the stock at that price. This means that there is a strong supply of the stock at that price, and it is likely that the stock will trade at that price or lower."

Copied...

Zagee:
You would also agree you're not God either?

Every Tom, Dick and Harry issuing rights offers left-right-center. To the best of my diagnoses, I think one should not over look the possibilities of a pull back at a time, T.

It is possible that the bond market may see 18% interest again. If that happens (or if I see it coming), I am bailing out. Hypothetically, if your bond can give you close to 1 million monthly from the same investments you have in stocks, which give a marginal fraction of that, some people will choose bonds for the time being. My point is that an 18% coupon would be disastrous for most stocks.

delvzy:
TO THE NSEMPA OGs;

For newbies like me, what happens during a FULL BID v FULL OFFER?

Low-key
All of them don dey notice
I'm not joking
All my guys dem, dem know me
Since '20
I've been writin' this story
I no be OG
But, if you ask dem, dem know me

I no dey blow trees
Orin lo nyi mi l'ori (l'o-o-ri)
This thing chose me
Just know this and know peace
I dey lowkey
But, I'm never lonely
Sexy ladies
Come whine fi me slowly

Bandana by Fireboy, this song they give me mind, fireworks everywhere in my head.

Seriously, a full bid is a state in which a stock has reached its highest price for the day (or close to it) and there are no offers to sell at that price. Likewise, a full offer is the opposite state, in which there are no buyers at the prevailing price and the price may have reached its lowest for the day.

Ginalex:
I like it when you do this to naysayers it's giving "what do you have to say now?"

What truly matters is generating profits. Throughout the world, it's not the self-proclaimed "I told you so" that makes headlines but the remarkable accomplishment of multiplying one's wealth. What's your percentage return this year? Some individuals have discreetly doubled their money this year alone. Are you among them? Sharing investment tips is commendable, but excessive bragging is not.

ebuka1997:
more like third party production of prescription drugs, as GSK/other foreign pharma leave the country, maybe they and others can step in and purchase rights to produce and distribute from them.

It seems like they have around six business segments.
https://mecure.com.ng/index.html

Yoast:
@Mcy and other experts in the house, if someone has a particular stock with 2 different stock broking firm, do you need to fill E-dividend forms with the 2 stock broking firm to get your full dividends for the total quantity of shares or can filling with just one of the stock broking firm serve

Each CHN number is associated with an account domiciled with CSCS. Each account holds all the stocks you purchased with it. Therefore, if you have more than one CHN account holding your stocks, you will need to fill out separate e-dividend forms. However, if you registered with two brokers using the same CHN number, you will only need to fill out one e-dividend form.

Common sense