₦airaland Forum

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

aj8:
Wema bank market structure

chimex38:
There could be more to it.
Might not be as literal as I know and presented it.


Hedge funds that bulls even during bear in-well established markets already exists.

What I am skeptical is long-term sustainability not possibility.


I am sure if you also lived in early 20th century and being sold the "monkey idea" of the possibility of a flying object(Airplane ✈), even when gliding objects far superior to kites already exists.
You would probably be among those who would still call it outrightly a "Monkey" project without consideration.

chimex38:
He trades daily.
E.g 5m @3%= 150000
another 4m @ 5%=12000
Another 1m @ 9%= 90,000.
If you keep at this daily, you may also encounter losses or traps in some stocks on the index.
But net gain by month-end should far exceed the losses and brokerage fees if you are quite good at it like he does.

you could also leave your losses(traps) as paper loss until it breaks even or bull surfaces.(essentially making 100% gains).


Liquidity and right stocks picks is the issue in a bear market, but if you keep your quantities low and have knowledge of the stocks in question, you can reduce the rate you get trapped.(skill involved).

In a bull market as we have currently, liquidity isn't much an issue. One could even trade 10million luckily @8-10%=800k- 1million
(bullish and very liquid stocks).

mikeapollo:
Why are you so defensive on any thing about govt:?
The CBN routinely allocates or decides the threshold of forex to be made available to BDCs in the NFEM, as a way of managing the rate:
The CBN regulates the NFEM (Nigeria Foreign Exchange Market) by determining the allocation threshold to BDCs


Please refer to this news item:
https://thebureau.com.ng/cbn-approves-150000-weekly-fx-access-bdcs/
https://www.nairaland.com/8616324/cbn-approves-150000-weekly-fx

mikeapollo:
It is about which GDP component generates the required forex revenue, from which the govt gets its dollars allocations to the BDC.
Oil revenue is still the largest and dominant contributor to Nigeria's forex revenue, and it is affected by volume and price

yMcy56:
Oga Pluto, it goes both ways.....
If anyone have seen the downside of those big Caps, he go fear 😨

Also, one of the disadvantages of big Caps is trapping.....
Yet it may be difficult to see it drop in price because of the huge amount involved in bringing it down with -10%, but if trapped, it's always difficult to come out...... especially if it's not earning season like this or you're not a long termer/dividend investor.

Well, some are liquid sha, the person will just have to place offer at -10% while they're picking it in 5, 10, 12 units till it's sold. Lol 😁

A penny stock with improved financials and room for growth is preferred by someone like me.

In summary, both have their advantages and disadvantages.

** Speaking about CHAMS, did anyone notice what's happening there?
** MM is keeping it down from appreciating.....what are they up to?

mikeapollo:
Well, you are free to believe in whatever lies or rumours you decide. It is your right.
The rule of the game is evidence, especially after several comprehensive investigations all over the world including Nigeria, UK, US, Dubai etc.
Atiku has not sued OBJ after all the allegations because he is a politician who is still vying to become president and mayvbe hoping to leverage OBJ's influence to win.

Please Note:
I am not saying Atiku is better than anybody for the post of president. No.
I am only restricting myself to some of the political lies and rumours that some people believe out of ignorance or naivety. Similar other political lies were said against Tinubu himself in opposition; he appeared before the ICPC and was cleared/discharged.
One of the persons that made those allegations against Tinubu then, Nuhu Ribadu, has now taken up appointment as National Security Adviser under the same Tinubu that he once described as corrupt. How about that? Of course, he needed to tell the lie against Tinubu in order to impress OBJ who appointed him as EFCC chairman, and now he needs to accept the appointment under Tinubu so he can be politically relevant and make some money as well.

But Atiku was even far more investigated than Tinubu or anybody else in the history of Nigeria.

mikeapollo:
Are we really sure?
Strategically speaking, it could be a huge mistake and dangerous for a nation to sell 100% stake in its national oil company (like NNPC) outrightly to private hands.
This is why no single member of OPEC has done that. Countries like Saudi, Qatar, UAE, Brasil, Kuwait, Russia, etc all have some significant share in their national oil companies, even though the majority share may go to private investors.

Engrblessing:
Madam Mercy, I have 1 million naira to invest in the ICT sector, between MTN and Chams, which of them do you advise I buy? I want to buy a stock that will give at least 100% by the end of the year.

awesomeJ:
$150k weekly dollar sale to BDCs!!!

We just might hit 1250 soon.

mikeapollo:
I agree. I only used it as an example to make the point that subsidy does not have to go entirely directly to the people that need it most. It is a fallacy, a lie that has been sold to the people and unfortunately, many have believed and accepted it as ''truth''

mikeapollo:
This is one of the lies that they have used to deceive the people.
There is no where in the world where subsidy goes entirely directly to the people that need it most.
When subsidy is given, the benefit is usually for the general populace. When Agric, transportation services are subsidized in the US or Europe, everybody enjoys the passthrough effect, both the rich and poor. Rich men use the same transport system and consume the same farm produce that the poor consume. The focus is that the poor who are in the majority should benefit more, even if some rich people also benefit. Free or subsidized education is another example.

Our govt has successfully deceived the people by making many to believe that subsidy is not going directly to the people that need it, hence it must be abolished. For instance, were the ordinary citizens buying fuel at cheaper rates not enjoying it? Which poor man is better buying fuel at N1,000 instead of N200?

mikeapollo:
Subsidies are meant for redistribution of income, reducing poverty, improving standard of living etc and must not necessarily come from ''surplus''. The US, UK, etc. all have subsidies for their transportation, Agric. sectors etc. They even have food banks for people who are hungry to go collect free food to eat.
But we Africans are becoming increasingly influenced to believe that any form of subsidy is bad or unnecessary