₦airaland Forum

KarlTom:
WAPCO

https://doclib.ngxgroup.com/Financial_NewsDocs/Lafarge_Africa_Plc_2025_AFS.pdf

DIV: ₦6.00

Stockpromoter:
All the tier 1 insurance companies are good but some of them already have bloated shares outstanding which I hate.

I like to play the low capitalized ones with improvements in balance sheets,less than 30% free floats.
Only Royalex fits wetin I want in insurance for now until I review again.
If they recapitalize without seeking to raise funds as I am guessing,it will be my best investment in the next 12 months.

Every mallam to his kettle

ositadima1:
Two things, in my limited understanding, would make Dangote Sugar attractive again (for now until plantation mature): if the exchange rate falls to around ₦1,100 or lower, and if interest rates drop to about 10% or below.

We’ve seen this kind of accumulation before, only for the momentum to get crushed back to ₦60 or even lower. Dangote Sugar has a reputation for keeping its results under wraps until the official announcement, so don’t be surprised if the current rally is driven more by hope, and by the strong performance of other Dangote businesses than by hard numbers.

chimex38:
eee don reach where we dey buy back Dollar to prevent Naira Appreciation?
So there could be such a thing as excess-dollar?
#Good Omen.
What God can't do does not exist.

let it be sustainable sha.

Agbalowomeri:
The battle of Ikenga

Now that the enemies have united, dem go serve us shege banza

mikeapollo:
So the NGX management too should be blamed and were wrong in suspending them? Zichis has played by the rules and done nothing wrong?

mikeapollo:
Then you should appreciate what folks are saying here because you and I could fall prey to such schemes.
There is no double standards here.
Any stock can reach a height if there is enough liquidity in the market to support it. In Zichis case, there was no liquidity (retail investors did not have it) but their management and brokers/registrars decided to deal a few 100,00s per day to gain 10% and push the price up to 900%. If there was genuine liquidity, some investors would be selling or buying so the price may go up, down or stabilize on some days, but not straight 10% daily for a whole month! Even MTN, Dangote Cement, Airtel etc. did not achieve that.

Everyone benefits when things are done right in the market.

mikeapollo:
I don't even get it why you seem to support what Zichis or their stockbroker/registrar did.
If you are affected by the suspension, then I can understand how you feel.

unite4real:
so you still think outsiders and retails were buying. You seem to not understand the manipulation that was going on.
How can a company keep gaining 10% every trading day for 1 month non stop without retails buying in.

The regulators that suspended them knows better than you and if they felt what was going on was right, they would not have suspended them.

were they not asked to release the free float for trading?

please tell me how much is the free float currently.?

Everything about Zichis was CORPORATE GREED

unite4real:
i am sure you understand what 850% price gain is in one month. That is what Zicchis did

Can you name one company in the history of NGX that did same?

get the data for ones you mention as see for yourself

Harddiskng:
You have just been chatting your own since.

Point to another stock on NGX that has been doing 10 daily for over 2 weeks straight with little or next to nothing being sold to the public.

Some of you need to be hit on the head really hard for factory reset lol. The rot in Nigeria is so bad, most people see something bad and tell you there is nothing bad with it. Smh

mikeapollo:
You don't get it?
Listing by instroduction gives room for people to manipulate stocks trade volumes and prices, like we witnessed in Zichis.
But it does not mean that every other company that listed by introduction did the same thing. No all companies are the same.
The point is: block the loophole that is being abused (listing by introduction), and adopt the one that gives everybody a level playing ground with equal opportunity e.g. IPO or offer for sale.
No matter the rules, listing by introduction may not be as transparent as IPO and offer for sale

emmanuelewumi:
The main business is Poultry farm, the others are new and probably advised by the people who packaged them for listing in order to justify the premium added to the valuation by the time it will be listed.

As a matter of fact it is still on the growth section of NGX and still has to grow in order to be promoted to the main board of NGX

HesInMe:
I like your faith, but I prefer the numbers:

Even if they scaled down their ambitions and bought only the ARPN oil palm plantation, they'll need N155bn. They currently have about N2bn cash (less cash burn from operations) and N30bn assets.

How do you imagine they'll raise N150bn in 5 weeks?


There is nothing concrete in the company when it moved from N3 to about N17
It is all about paparazzi.
They can still find another way to redirect the price to wherever they want when they are ready.

emmanuelewumi:
Going back to where it belongs.


I hope NGX will now put an end to listing by introduction

mikeapollo:
Please Note:
there is a different between the company performance and the stock performance
Which investor would say a stock is not doing well if price jumps from .07 to N7.62+ (Deapcap)? Or from N2 to N15+ (Ellah)?
Maximization of shareholders wealth is key....and the wealth/returns comes from price increase, dividend and bonus.
Right now, price increase is compensating for the other two.

mikeapollo:
Ellah
Japaul
Deapcap

.....these are few of stocks that some folks rubbished and condemned as ''never-do-well'', ''nonsense stock''. etc
Lesson: never say never in this NGX!
Goodluck

awesomeJ:
Me neither, I never bothered reading it, I found it annoying.

The danger is only to them who selfishly placed a wrong bet.

I mean if they've loaded USD at 1500 or higher and 1200 is coming, then they're indeed in a dangerous situation, especially if you consider the fact that the naira they used for the hoarding could have made another 50-100% if it had been rightly deployed.

mikeapollo:
So when I sell my stocks and keep my money cash inside my room(assuming), they will come and collect the tax from my room?
Or when I convert to foreign currency and wire it to my foreign domiciliary or fixed deposits accounts in Europe, US or Ghana or S/Africa?
You think the proceeds would be sitting idle in my local accounts till end of the year?

When I say the ''end'' of NGX, I mean it would lead to exodus of investors and the index would crash!

Agbalowomeri:
Anything above 10% for stocks is not sensible, considering the risks involved

Agbalowomeri:
Let me give you a scenario

You have 10m in MM which you put there because you didn't see any immediate opportunities in the stock market. Some months down the line you saw something that you suspect could earn you 50% give or take. You took a 5m loan at 26% for 6 months. You became lucky, you got your 50% profit in 3 months. You actually paid back your interest from the profit and pocketed over 2m without disturbing your core capital. Na win win

emmanuelewumi:
Stanbic IBTC Smart loans accept their mutual funds as collateral for loans.

It can be Money Market Fund, Dollar fund, Equity fund, Fixed income fund or Balance fund.

mikeapollo:
Will you voluntarily file and pay your CGT to govt at the end of the year?
Nobody will voluntarily file or pay the CGT.
People initially thought it would be deducted at source when you trade on the NGX but since it is now said to be voluntary, nobody would do it except for corporate organizations like institutional investors.

mikeapollo:
Are you sure?

awesomeJ:
Problem is that he's not making money.

So your point doesn't hold.

awesomeJ:
wHat his strategy needs to work is way beyond discipline, he's counting on macro economic instabilty that won't happen.

Abi, what kind of discipline will take the market to 70k, which is where he's waiting at.

If you do not realize that a strategy only shines when it's flexible, then you haven't learnt one of the most important lessons of the game.

if for whatever reason this market goes to 70k, I will still make money, cos all I'd have to do is simply switch from my bullish stance.

Just like in politics, one shouldn't be a permanent bull or permanent bear, only just have the permanent interest of making money.

Shalom428:
I want to believe Agba is in the market.

He made some good calls last year and some of those calls have probability of 1 in my chart

I will be surprised, if he only spotted those companies and he refused to buy.

Worthy of mention is NASCON, Agba spotted NASCON right before the rally , he even put a price. The price has been smashed

Follow The Money