₦airaland Forum

emmanuelewumi:
I don't think it is limited to a particular ethnic group.

They have been selling textile materials at Oshodi for more than 5 years, they even speak Yoruba

emmanuelewumi:
Not sustainable. Margin will come down whenever we have peace in the middle east

faoogoke:
Exactly! And when BUA and NNPC Refineries both start working.

emmanuelewumi:
With that there will be a limit to future capital appreciation.

It also happened with Dangote Cement.

I didn't buy the stock until 3 years after it was listed

emmanuelewumi:
Time will tell.

There is a difference between those who bought at N525 in 2026 and those that will buy it for N525 in 2028

essentialone1:
Why is it that UBA Bank Plc remains the worst performing YTD among the 5 FUGAZ Banks, having gained only 5.28% since this year 2026?

emmanuelewumi:
Those who understand the game are chilling and waiting for the right time to strike

BullBearMkt:
Hello everyone! Good to see you all bubbling!!!

emmanuelewumi:
Ask yourself why retail investors are being incentivized to hold on to their stocks for 12 to 24 months after listing.

Retail investors should be smart when swimming with sharks

jonnysessy:
Good evening everyone, I have a sister abroad and she knows am into stock investment. While she was in Nigeria she was not interested in stocks. But, i am surprised she interested in this Dangote IPO. In fact, she said i should use my daughter's name and buy for her. This was because i told her she needs to register with a stockbroker and would have BVN, NIN, clearing house number and CSCS number. I know in the past people had used multiple identity to buy IPO for fear of over-subscription and they eventually lost their shares. I also what to avoid issues of shares transfer. You need to visit the Registrars those days in Lagos when you have issues with your shares. The thing used to be very stressful. I guess such bottlenecks no longer exists as electronic media and digital age had improved the way we share business is being conducted.

I hope am not digressing too much, my question is how can my sister abroad be able to take part in this Dangote Refinery IPO herself. I don't want to use my daughter's name to buy for her. Moreso my daughters are not even having BVN (which i feel is one of the requirement). I also like to maintain my integrity with her, i don't want the buying of shares to bring issues between us. Please the gurus in the house should help a brother.

crownprince2017:
I hope osita remembers that the profit being realize by dangote refinery now are mostly help by lag in reducing the price of the refined products due to iran usa war.

When crude price come down baba will not reduce n if he reduce na change he dey comot but once the crude price goes up, baba they increase with strong additions.

120 billion units of OS no be beans.

Based on my back of envelope calculation, eps will struggle to look reasonable compared to the price paid at least 3-5 years.

In my opinion, the 525 is a serious premium, we would be at the side line to buy at 200 in case una lose patience along the road..

Also remember, once the importers still have the capacity to import, he will not enjoy the premium pricing he is enjoying in cement business..they would put him in check.

Agbalowomeri:
They have already done stock split with those that entered private placement. This life no balance

essentialone:
*NASCON Allied Industries Plc - Dangote Salt is cooking 🔥*

That H1 2026 result is wild. NASCON turned 3.8% revenue growth into 25%+ profit growth. That’s efficiency.

*1. 📈 H1 2026 Results - "Small Revenue, Big Profit"*
- *Revenue*: ₦81.16B → *+3.84% YoY*. Modest
- *PBT*: ₦29.70B → *+27.6% YoY*
- *PAT*: ₦19.60B → *+25.7% YoY* from ₦15.60B in H1 2025
- *EPS*: *₦14.51* vs ₦11.54 in H1 2025
- *Gross Margin*: *>50%* - thanks to cost control + lower raw material costs

They made more money by spending less, not just selling more.

*2. 💰 The Cash Machine*
This is the real story.
- *Finance Income*: *₦5.35B* → *+126% YoY*. All from interest on cash
- *Cash & Equivalents*: *₦46.05B* sitting in the bank as of June 2026
- *Debt*: Still minimal
- *Dividends Paid*: *₦16.21B* paid out earlier in 2026 and they still have ₦46B left

NASCON is basically a salt company + treasury bill fund. With interest rates high, that ₦46B is printing money.

*3. 🚀 NGX 30 Index Admission*
Big capital markets move.
NASCON is now one of the *30 most capitalized + liquid stocks* on NGX.
*What it means*:
1. *Forced buying* from ETF/index funds that track NGX 30
2. *More FPI attention* - foreign portfolio managers now must consider it
3. *Liquidity boost* - tighter spreads, higher volumes

*4. 📊 Stock Price Reaction*
Market already priced it in.
- *YTD Peak*: ~₦202/share
- *Current Range*: *₦175.50 - ₦195.00*
- Driver: Strong H1 print + index inclusion + dividend track record

*Bottom Line: Why NASCON is Different*
Most consumer goods firms are struggling with FX and input costs. NASCON did the opposite:
*Typical FMCG*: Revenue Growth is Low single digit. Margin is Compressed. Balance Sheet has High debt/FX losses. Other Income is Small.
*NASCON H1 2026*: Revenue Growth is 3.84%. Margin is >50% Gross. Balance Sheet is ₦46B Cash, Low debt. Other Income is ₦5.35B Interest Income.

With Dangote Group backing, salt + seasoning + tomato paste as core products, and now index fund money flowing in... this is why it’s trading like a bank stock but with FMCG margins.

At ₦14.51 EPS for just 6 months, full year could push ₦28-₦30. Even at ₦190, that’s a P/E of ∼6.5x.

Agbalowomeri:
Just a desperate man clutching at straws

mikeapollo:
The gas resources, infrastructure, contracts, policies etc. are all under the sole control of the FG, yet you want or expect the states, instead of the FG, to do a miracle and generate uninterrupted electricity, without the FG playing a key role, all because of a new electricity law that is less than 3 years.
We never serious for this country.

awesomeJ:
How much is PMS in Niger, and Cameroon and Benin republic?

July figures put our consumption at just over 32m litres daily do you think it would be possible to keep that figure below 100m litres if fuel became 3 to 5x cheaper in Nigeria, wouldn't the massive reward make the risk of smuggling worthwhile for a lot of people?


Now at just 32m litres, we're able to still sell more crude in USD and grow reserves to almost $53bn now, if we had to be supplying a 100m litre daily consumption, wouldn't all our crude production be given to dangote with zero Fx inflows from crude?

Then what do you think would happen to the exchange rate if reserves were today at $17bn?

how would the masses cope with N4700 exchange rate to the dollar or 190k for a bag of rice?


Nobody seems to be mentioning the fact that food is now even cheaper in some cases that Buhari's time, and in most other cases, it's less than 50% more expensive.

since OBJ took reserves to $60Bn largely possible due to debt waivers, no other goverment has been able to grow the reserves beyond what they met in office, these folks have grown it to 200% of what they met. Net reserves growth is even closer to 500%.


people like to think these do not matter to the masses, but while small income is terrible, what's much worse is for the income to not be worth much!! Again i'll give Buhari's trajectory for the currency:

2020: 360
2021: 450 (1.25x)
2022: 600 (1.33x)
2023: 750 (1.25x)

then let's extrapolate using a conservative 1.25x
2024: 940
2025: 1200
2026: 1500
2027: 1900

it was a choice between slow, gradual and pertual loss and a steep one-off loss, the latter is much better.
2026 rate is already lower than it would have been, 2027 will even be much lower.


The problem is they even had to deplete over $30bn in reserves to keep the depreciation as low as 25 -33%. At the point they were in 2023, the reserves had been drained to just $3bn, there was no more firepower, and so the 25% depreciation projection might have in reality been anyhwere from 50% to 500%, cos they had simply run out of dollars.

Zimbabwe, Venzuela, Argentina, and Iran are examples of countries where currency crisis has happened so it's not just theories.

Helping the people maintain their purchasing power is an achievement this government has made and it's one that over 99% of the populace benefits from. It's the reason the common man doesn't need 200k for a bag of rice, or N200m for a car.


This might sound strange especially given the sharp depreciation between 2023 and 2024. No one denies that everyone lost purchasing power significantly in that one year period, what we're saying is if the buhari trajectory had been maintained the loss in purchasing power by now would have been much worse!!!!, so in that regard everyone in the entire country is better off. And now between 2024 to date, everyone has gained more purchasing power, imagine if the 1900 exchange rate of February 2024 was the reality today, almost everything would be 50% more expensive, not to mention that it was heading for 5k.

I believe we're all informed enough to understand this analysis, subjective bias is the problem.

KarlTom:
@Mikeapollo
Power generation remains a gold mine but, like you rightly said, the FG is not bothered about fixing the transmission bottleneck...

mikeapollo:
You have a point in pointing out the nonchalant attitude of the FG.
But the truth is, if the FG does not lead by good policy initiatives and example, the states cannot solve the power problems by themselves alone.
Who controls the gas that would be used to generate the electricity? Who owns the grid etc?

essentialone:
Even for stocks like

Custodian Insurance
NEM Insurance
Mansard Insurance
?

essentialone:
Has anyone here received their IEI public offer shares into their portfolio?

Ameboperoo:
Today, I believe it was manipulation goin on.

Agbalowomeri:
Don't joke with cowboys

People still dey buy companies from FO

yMcy56:
I think the best thing is to be keeping some things to oneself on this platform.

*One thing is that no one can dictate what I'll do or not do to me no matter how you try or badmouth any stock..
I've developed thick skin against such a long time ago.

Ok. If this makes everyone happy here, I'm selling AVA today so we can all wait for it at N1. 😊

Streetinvestor2:
You are not far but putting margin of safety it should not be above #5

Looking at the H2 result
Assets is 111billion.In it is 92.83 billion of clients investment fund.
Eps annualised of 0.40 and ucap #4.68
Pe of 18.3 x when ucap is doing 3.8x
Bv is #2.55 and PB is 2.94x
Ucap has BV of #10.39 and PB 1.69x
At listing of #7.50 the existing shareholders wanted to cash out as the money goes to them and not the company

Streetinvestor2:
Did you buy this stock after it was listed on ngx.If yes at what price because it may go blow #5 or stablize at #5 till results show.We know the listing price of #7.50 was inflated like other new listing is usually done on ngx

megawealth01:
I will reason that AVA if it gets to 1 naira

emmanuelewumi:
Na wa ooo, some of you here just like to argue for arguing sake