₦airaland Forum

jonnysessy:
Melcapital, it seems you have unmasked Megawealth01 in this faceless forum. The two write up is more or less the same to me. The coincidences can happen in so many things (can't rule that out completely) . Except we would charge someone for plagiarism.
Well, l wait for the response of Megawealth01 to this post. I believe he is a man of principles and integrity.

Megawealth's real name starts with O

KarlTom:
Ding!

Na vex?

Streetinvestor2:
Welcome. I have never seen this moniker here.Do you equally stay in benin. Abi you be benz engineer. What ellahlakes can not bring to this thread does not exist.
So that was the simplest question you could ask the AI search.
Did you ever ask the AI app during cbex if it was a scam or MBA forex for Same question.
I am asking for a friend .
Next time you want to ask AI about a company. Ask about specific fundamental things regarding the company mostly about financial results.....no vex

Oga Street, no kill person with laugh o!

SohSoh:
What r u talking about... i gave Mecure as a buy recommendation few weeks ago. Or you want to say Mecure is a scam company like Ellah Lakes

I recall you also posted your ‘portfolio’ a few days ago while complaining about ‘hypocrisy’ and that people didn’t buy MECURE.
The funny thing is that I couldn’t find the same MECURE in your list of stocks. Was that an omission?

Streetinvestor2:
The stock go soon hit this price for market. They go still meet us for egm or agm

Na wetin we want be dat

mikeapollo:
Did you use the CBN or interbank rate which should be N1,531 maximum before the 19.97% premium?

If you use N1,531 it’ll give you N114 (with the premium)

Mpeace:
If it's the same price with majority buyout, then it's good to sell now oh. $0.06 at current exchange rate of N1,560 to $1 is like N93.6.
But they might not go lower than market price

https://pluboard.com/2025/03/28/companies/lafarge-is-foreign-owned-why-is-senate-suddenly-afraid-of-sale-to-china/

"... Huaxin said it will offer Lafarge’s minority investors an offer not exceeding $0.062072 per share, matching Holcim’s price, with a 19.97% premium at the applicable exchange rate."

If you add the premium, using N1,560/dollar, that comes up to about N116

mikeapollo:
A quick one:
There should be at least N1b write back from the restatement of the loan due to Goodi Ibru/AVI group

Okay. Thanks

KarlTom:
Ol'boy

https://doclib.ngxgroup.com/Financial_NewsDocs/44499_IKEJA_HOTEL_PLC-IHPLC_-SEC_FORESIC_AUDIT_FINDINGS_CORPORATE_ACTIONS_JULY_2025.pdf

Any idea of the implications for current or aspiring shareholders please?

DING!!!

megawealth01:
Lovers of insurance stocks should put an eye on IEI at sub 2

This is my 17th STOCK PICK for 2025

Well done o!
I have to say your output is remarkably high and majority of your picks tend to perform in the medium to long term.

SohSoh:
I want to get this off my mind…to some extent a lot of you on this forum are hypocrites...

Impressive result! I wonder how long it took you to attain this.
By the way, this is a faceless forum and there's no need to get soh emotional (unless maybe if you're 'touchy').
No one is obliged to give or take investment advice.
Know this and know peace or no peace

essentialone:
Breaking News: Neimeth Plc's Managing Director, Pharmacist Valentine C. Okelu distributes expired drugs to its shareholders, who are mostly elderly and vulnerable men and women, during its Annual General Meeting, held on Monday 23rd June, 2025 at Ikeja ...

No link, no reference, no proof, etc
Slander comes in various forms.
I wonder how this affects the price of stockfish in the stock market?

SonofElElyonRet:
Na wa o.. the bolded get as e be. Invest only what you can afford to lose

Thank you o! Newbies take note oo!

DING!!!

Care4:
Adjusting my portfolio, I accidentally sold ZENITH (at 102%) thinking I placed bid for additional units. Didn't notice until I got the CSCS alert. Is it a good time to jump back in or observe the market?

Sorry to hear that.
It has happened to me once, especially when I am conducting trades on small screen devices while being slightly distracted.
If your online broker app has a confirm page you can always look at it again before placing the trade.

With regard to that stock, you could keep the cash aside from the sale and buy the same number of shares when the price has dropped to ~ 96% of what you sold it for (that is to offset the cost of commissions) and buy your desired additional units as well. I don't see most of those share prices 'blowing up' before Q2 results are released.

unite4real:
Does that mean if the bids was N50 Billion and offer was also N50 billion we would say it's oversubscribed by 100%.

So I thought it was 183% subscribed but 83% oversubscribed. After the full subscription, the the difference is the excess and the oversubscribed figure.

I thought that after full subscription, the amount in excess is the oversubscribed amount and we have to divide that difference by the the total amount offered and multiply by 100 to get the oversubscribed percentage.

That was what I was thinking

That is a very logical statement.
However, I think that's just the way it is reported in the business world.

https://dailytrust.com/access-holdings-rights-issue-records-105-76-oversubscription/

unite4real:
What is this nairametrics and DMO authors are even saying.

Total offer was N50 Billion
Total bids N91.2 Billion.

How is this 183% oversubscription. Should it not be 83%?

Abeg maybe there is something I am not getting right.

It's actually oversubscribed to the tune of 182.4%, meaning that the bids almost doubled the offer.
Simply put: Total bids/Total offers x 100%

Streetinvestor2:
I will prefer to join the ones that are winning steady as they no get two head.

Opportunity cost is now very important in the stage we are now in this business. This kind of naira devaluation does not happen every time.

When stocks finish repricing because of devaluation. It will get a time if you see 30% appreciation you go thank God. So is best you join the winning side now before the market go enter that stage.

No be lie .

Agbalowomeri:
So tey Nigeria beat them 3-2

Was that 98 world cup

Yes.
France '98

Tvegas:
I know that feeling 😆😆. I Bought Access for like N9 during the Covid meltdown ,held this for long and had to sell off at some point . It never met my target for Capital appreciation. It was the worst performing stock of that era for me. I bought UCap at N3, Zenith at N11,GTB at N20,Wapco at N28.

Access is always full of potentials but perennially under-delivers.

That's how Spain's football teams used to perform before they won the Euros in 2018 and the World Cup in 2020

Agbalowomeri:
Na inside potopoto pigs dey chop so no cost

‘Free’ potopoto

Streetinvestor2:
I thought they said they whr already in crop farming. Then he sounded like it has not even started. Abi my ears no hear well because he mentioned they have land for it in two states.And did not say what crop and quantity they are getting in those two places

Me sef dey confused.
He was not specific and it did not sound like any actual farming has started in those two states.
But one thing is for sure, the usual SP rise after interaction with journalists will happen for JIJO (and JOJI).
Ellah is 'immature' and probably for patient men who don't want to marry soon.

Agbalowomeri:
When you see a smooth talker saying "hopefully", "in a couple of weeks" etc
He even talk land banking. Well at least dem get 400 pigs. Abeg how much be one pig for market? Na wetin shareholders go share be that when they file for bankruptcy Beacon don land

And don't forget the eggs! (abi poultry no follow for the business?)

USA2019:
I agree, but he should go and hold the interview inside the palm plantation then.

You bad oo!

The last time he did and SP rallied by ~ 60%.
Let’s see if the tie can break the record.

USA2019:
It's the guy's tie for me Who knotted that rope for him?

Farming not fashion

KarlTom:
Yes it is.

The sales were at no cost to the company.
More like the buyers bore the cost of transportation etc...

Thank you for the clarification. This is the kind of attitude that encourages rational discourse in group settings such as ours.

No cost of sales? Is that possible?

Mpeace:
Along the line, I heard something like "the next equity raise"
Hmmm make them make small profit first naa. We don dey this thing for long. Make we enjoy small before the next equity raise abeg

"The next equity raise will focus on just developing what we have at the present time and any M & A opportunity we think is optimal for our growth" Please interpret

Streetinvestor2:
Oando no press release or apology notice
This is very wrong

E don cast

Redoil:
OANDO has been suspended
https://www.thecable.ng/ngx-suspension-agip-deal-delayed-release-of-financial-statements-says-oando/

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