₦airaland Forum

Dollar spending on Naira cards are coming back.

yMcy56:
Uncle Tolu, I don't recommend stocks ooo.
Can only point it out for possible pick....

Besides, at different times, we've talked about DANGCEM here, the tranche share buy-backs and can remember saying it will benefit long termers who can be patient with Alhaji......Since when DANGCEM was selling at Circa 200 or so.....
Arduino should remember this, even if no one else's......make Una no mind my English.

** Oga Tolu, from now on self, I don't think I'll point any stock out here again.......when the going is going good, everyone will be happy, but when market turns back, it will be blame upon blame.......not encouraging at all.
* If someone should point or even for those recommending, should recommend a stock and a possible entry price, do they still want us to tell them the exit price? (Except for TA guys anyway)
I don't seems to understand people here....

You don't have any reason to stop. The majority of members of this forum have been appreciating your efforts. What else do you want folks to do? There will always be a few number of queer personalities. I respect them because they dare to be different in their unique way. So, why should you care about the air of a few antagonists, when you know that there will always be "a few" in any collectivity?
Besides, i dont think anyone has significantly dragged you here. If this happens, rest assured, you have an army of followers here, who are ready to fight back.
May i confess, like some folks here, any i open this thread, i tend to look for yMc post, to have an idea of the market scenario. Any time i don't catch that name on time, i begin to fear the market might be a little bit sick. (yMc is also a human being)😃

ebuka1997:
Dollar spending on Naira cards are coming back.

Thank you for this

Marketapprentic:
FBNH wey became Oso Abiola the moment Oba took control back . Oba , Loco and Mega belong to the same club technically

Otudeko dey for Accesscorp and NAHCO niyen den and those people u mention na dem drag NAHCO, accesscorp dem down too. Oga, go work make u get money o. Those people wey u call so no be almajiri. Dem sabi d market pass u wey dey jest upandan. I remember wen mega sell him ftn for around early 2020, as I read am na so I sell my own. Later ftn go down from 96kobo to 40 kobo. Instead wey u go learn, u dey play.
Una go dey create multiple monikers to dey form new so u go fit drag locomotive dem. E no make sense and no funny.

Toluway:
You don't have any reason to stop. The majority of members of this forum have been appreciating your efforts. What else do you want folks to do? There will always be a few number of queer personalities. I respect them because they dare to be different in their unique way. So, why should you care about the air of a few antagonists, when you know that there will always be "a few" in any collectivity?
Besides, i dont think anyone has significantly dragged you here. If this happens, rest assured, you have an army of followers here, who are ready to fight back.
May i confess, like some folks here, any i open this thread, i tend to look for yMc post, to have an idea of the market scenario. Any time i don't catch that name on time, i begin to fear the market might be a little bit sick. (yMc is also a human being)😃

Oga Tolu thanks as always. Appreciate.
I don old here honestly, should be retiring soon......this thread is one of a kind.
Should have left long ago but for the encouragement of you good people here.

Is yMcy56 same as mercilicious of old wey Agba wan marry that year ?

The house mama yMcy56, you are not among the MH gang. There is a different between reporting observation and monkey hunting as epitomized by Loco and Mega. Go through their posts and you will see the glaring difference. You are a valuable member here today, tomorrow and always

yMcy56:
Oga Tolu thanks as always. Appreciate.
I don old here honestly, should be retiring soon....

Maami, if dem daboh u make u tarka dem. Dem be yeye killjoy and fake people. If u give dem chance ehn, dem go run down dis space. U see all those new monikers wey dey show face wen small bears come, na dem get dem. Dem be yeye people answer2gud. Press dem neck wella. Shishi dem no get o yet dem go dey drag people like u wey dey do beta and helep us here.

Wen loco miss Transcorp, e tell d whole world here say na chams and Japaul hin dey and e even don offload hin Transcorp before the rally . Dat time ,Japaul and chams dey rock bottom prices, if locomotive dey move price, why hin no move am until now? Wen dey call u money hunter, call dem Sufferman Mr killijoy (SMK). Simple

jarkbauer:
Is yMcy56 same as mercilicious of old wey Agba wan marry that year ?

Not so o.
Mercillicious should still be among us as a silent reader now.....I think.

ebuka1997:
Dollar spending on Naira cards are coming back.

Nice one...
My Aboki will not see me again

yMcy56:
Can't remember seeing a recommendation on Daarcoms...
Think I only saw it pointed out as market events..
Who recommended it?

Anyway, I think we just all have to calm ourselves down......
* Capital preservation should be the best bet now.
* As it is, buying and selling is still ongoing in the market, some investors still staking millions, and the same stocks we are blaming people for, are still listed in NGX and people will continue to trade them either we like it or not.

It's not only penny stocks shedding, all the fundamentally sound ones are also shedding.....
Reversal may come at any time then we will all change mouth again.......

** Anyone in market or in any stock should pls calm down......market will stabilize at one point then recovery or reversal will occur. Do not panic sell!
** More reason fundamentally sound stocks are recommended for newbies. Hold on, use dividend to hold body and when market reverses, all the paper losses you might be seeing will disappear and turn to profits!
I don talk my own. God help us all.

* I sha know we haven't approach the 'generational low" time.....

Don't stress yourself.

When they are making profits they did not complain, now they are cry like we stole their chin chin.
The behavior is always predictable.

That guy might be samguru

Marketapprentic:
The house mama yMcy56, you are not among the MH gang. There is a different between reporting observation and monkey hunting as epitomized by Loco and Mega. Go through their posts and you will see the glaring difference. You are a valuable member here today, tomorrow and always

.......but I also mention some of those penny stocks too......and if there be anything I hated most, is to mislead anyone.....
* Some picked based on the observations made.....I hope they'll come out "unscathed" eventually.

Please, people should stop blaming any other person/persons for stock trading woes. Please, it is inappropriate and unethical. We dll know the intricacies and risks inherent in stock trading.
Even if someone is a monkey hunter, you can still learn one or two things from him.
Not to even mention the fact that most of you here, who would not invest in a company and go away in anticipation of juicy dividends are monkey hunters.
You seek capital appreciation within a short period; what are you? Monkey hunters. Thats what you are. Even old members, are joining in the blame syndrome. That's a shame. Please stop it. Allow members to post freely. That's why it's a forum.

Agbalowomeri:
Mercilicious has relocated to Canada

Ok

Marketapprentic:
The house mama yMcy56, you are not among the MH gang. There is a different between reporting observation and monkey hunting as epitomized by Loco and Mega. Go through their posts and you will see the glaring difference. You are a valuable member here today, tomorrow and always

You sound like samguru

We are here for recommedating, reporting observation and monkey hunting.

It is called Nigerian Stock Exchange Market Pick Alerts

I you don't want stay away.

jarkbauer:
Is yMcy56 same as mercilicious of old wey Agba wan marry that year ?

I also asked whether yMc was Mercilicious when i first sighted her. She is not. This one is a fire eating researcher and technocrat.
As dor Agba, he is probably addicted to Mercys😃. My Oga, i beg no vex o. Just a harmless statistics.

Small messies and see cry everywhere.

But this is one problem I have with chart people, how come charts never pick things like this until after they happen and then they will now attempt to use charts to explain it.

yMcy56:
Not so o.
Mercillious should still be among us as a silent reader now.....I think.

Mercilicious can never be quiet o. If she dey here, you go know.

Toluway:
Mercilicious can never be quiet o. If she dey here, you go know.

The account is deactivated.

If you have cash it is time to take opportunity in fundamental sound stocks..And if you are waiting to fall mugu again to MH in another cycle they are taking position by next week ,then your name will be another sorry. The fundamental stocks are creating serious opportunities....I talk from experience.
Will not recommend any stocks but you can use dividend yield to do you maths.Anything from 10% is a green flag for me

The red you see today won't be like this next week.We are not in bear period.This should have been expected in the market

Toluway:
Mercilicious can never be quiet o. If she dey here, you go know.

Mercillicious is among us here as a guest.
She said hello sometimes ago with her 2nd moniker and I can remember acknowledging her greetings.
We have people from different countries here......so being in Canada isn't a barrier.

ACCESS bank cleared all the earlier losses now and back in green......
Yet some will not realize that we are in a market that can go up down up at anytime.....

Close to a billion spent on Access, ZEE, GT as at now....

While I realize that some people might be posting for their selfish interests, we should still find a way not to generalize and discourage good intentions.

United Capital Plc's financials for the first half of 2023 are out, and they're pretty impressive:

Total revenue went up by 20.9% from last year, hitting N1.01 trillion.

The investment and net trading income grew by 24.4% and a massive 137.6% respectively.
Financial assets gains soared over 100% compared to last year.
And other income shot up by more than 50%.

Profits before and after tax increased by a modest 5.7% each.

Operating and total expenses saw a steep hike of 69.0% and 41.5% from last year.
Given their performance, it is recommendable to buy in, with an entry price of N13.50 and an exit price of N16.00.

Baba where you for see trillion? This is what I got.

Result summary:



UNITED CAPITAL PLC H1 JUNE 2023 RESULTS (UNAUDITED)
NGN 2023 vs 2022

Gross earnings: N11.014b vs N9.11b : 20.90%
Profit/(Loss) before tax: N5.543b vs N5.243b : 5.72%
Profit/(Loss) for the year: N4.689b vs N4.435b : 5.73%
Total comprehensive income/(Loss): N24.548b vs N4.979b : 393.03%
Net Assets (vs 31 Dec): N48.535b vs N32.987b : 47.13%

Current market price: N14.00

Ibrahim505:
United Capital Plc's financials for the first half of 2023 are out, and they're pretty impressive:

Total revenue went up by 20.9% from last year, hitting N1.01 trillion.

The investment and net trading income grew by 24.4% and a massive 137.6% respectively.
Financial assets gains soared over 100% compared to last year.
And other income shot up by more than 50%.

Profits before and after tax increased by a modest 5.7% each.

Operating and total expenses saw a steep hike of 69.0% and 41.5% from last year.
Given their performance, it is recommendable to buy in, with an entry price of N13.50 and an exit price of N16.00.

I now know why professional chartists put Dangote Cement at fixed 335 on the chart. Initially, i was rather confused when i saw 335 on the chart and 325 on my trading platform.
I think Sir Dangote generosity is out of this world. Some are lucky. I'm lucky this time. Though, having just about 1.4m worth of it's shares. Thats something for someone like me who doesn't rush to sell during bearfalls.

SOME PEOPLE are quick to quote the stock pick they mentioned that did well. They are also happy when others quote them on their northward picks.
When it goes south and they are quoted, ..........

There is no way all our picks/predictions can be 100% correct.

yMcy56:
Mercillious is among us here as a guest.
She said hello sometimes ago with her 2nd moniker and I can remember acknowledging her greetings.
We have people from different countries here......so being in Canada isn't a barrier.

So the two Mercys have connected. Glory be to God Almighty 😀

[quote author=IHelp post=124416794]SOME PEOPLE are quick to quote the stock pick they mentioned that did well. They are also happy when others quote them on their northward picks.
When it goes south and they are quoted, ..........

There is no way all our picks/predictions can be 100% correct.

[/quote

Just like Pastors profecies. There is someone here, you will build a duplex this year ( in a crowd of over a thousand people, some would build)😀

yMcy56:
ACCESS bank cleared all the earlier losses now and back in green......
Yet some will not realize that we are in a market that can go up down up at anytime.....

Close to a billion spent on Access, ZEE, GT as at now....

While I realize that some people are posting for their selfish interests, we should still find a way not to generalize and discourage good intentions.

With time una go carry this una platform alone

I kept mute for almost two years here because I sincerely don't have all the time for this market... At least nobody mentioned my name all these while... Very soon I will just be reading una post without showing anyone gambles I think that will help those who think I have ulterior motives to rest... I don't even need to justify myself because I'm not new to criticism... I have thick skin when it comes to that but I hate it when people indirectly talk anyways

onegentleguy:
As @ Q1 2020, we mentioned on several occasions here that the insurance sector will be the next best place to be considering the positive impact recent policy shifts can have on it(planned recap exercise, CBNs dovish stand and other fiscal measures including the finance act of 2020)

I recall that was when I decided to gradually take position in some select names therein. A worthy move was accumulating 5M units each of AIICO, REGENCY ALLIANCE, MUTUAL BENEFITS and ROYAL EX and near 3.5M of LINKAGE for one chief I manage his portfolio seeing he was really quite liquid then. …with the middle 3 coys purchased @ a p/value of 20k, the 1st(aiico) @ a BEP of 61k and the last(linkage) @ 35k it was clear that capital yield can well come from cash flow accruals given they were broadly dividend paying assets.
With a few like REGENCY ALLIANCE having the best HPR with yield (@ circa 15% at the time) and healthy risk-reward ratio (BS position in view), there just couldn’t have been a better time!!
But more often than not, I was criticized each time I mentioned INSURANCE COYS. I remember how I had to leave a what’s-up forum following a rain of insult for daring to recommend 3 coys back then. I was called a chief MH for drawing folks attention to MUTUAL BENEFITS and LASACO after noticing that both coys had just witnessed a turning point(BS and CGP in view) and UNIONDAC for highlighting it as a possible rewarding buy-out candidate(EPA in view).
Most annoying was how the forum moderator (a member here) who was the one that 1st contacted me to join the said platform as an analyst/moderator also joined in the destructive criticism. Funny enough, none of those who criticized me could present proof to counter the analysis I had put up, so I had to leave. Time has since exonerated me!!

This is also part of the problems we face here. …it’s what some worthy members like mcy56, @rabbi, @megawealth and a few others face, and the reason I sometimes prefer to withhold certain sensitive information.
A case in point is JAPAULGOLD. After the coys much debated FP which saw a huddle with ACCESS BANK (then japauloil), I was asked for my opinion on the matter, to which I replied; No comment!!
In truth, I never covered the coy or had it on my watch list. ...but all that changed when a few lines in their report made me have a rethink and after an in-depth review, I reached out to several close pals and some members here(@bumba1234, @billtommy, @ekpotek, @charlesniper, @tradeinvestgal to mention a few) and told them to ACCUMULATE the coy after explaining the reason it was bound to appreciate in price. Most folks I know bought @ 20-23k. As I explained to them then, JAPAUL might not be healthy but 2 things stood out:

1) When u relate the coys current BS position to its SoI and benchmark it against its CF and CGPR potential, REWARD had overtaking RISK and was making a mockery of it.
2) There were some fine lines in between the then released poor financial print that highlights the need to raise funds(EFIR and CBR in view) and signals a strong possibility for a price rise to achieve that aim.

This was even before the name change was announced. I decided against putting it up here knowing what might well be the repercussion but still gave a hint back then. See one such post above with a hint(part in bold… a revert to @oracle)
Earlier today, I read from the sideline and observed some sharp criticisms targeted @mcy56, @megainvest and a few others and I just knew it could’ve been me!! …God, I would’ve been disappointed if after taking out time to put up a comprehensive analysis of JAPAUL here for gratis I got destructively criticized.
I am not highlighting these lines to prove any point or see myself as some sought of semi-god, but to underscore the fact that this forum, this platform CAN BE BETTER!!
We can all make it better and individually grow with it. Yes we can... if we can all stop it with the mockery, ridicule and toxic criticisms and start up building each other... particularly those who go out of their way to encourage, help and sometimes offer healthy and meaningful advice to others including the new ones in our midst without any form of pay/reward. Folks like @Oracle, @bigjay @mcy56, @currentprice, @Obagadafi, @rebakah, @Drawo, @fxuser and many others here deserve no less than a pat in the back and appreciated for all they do.

Understandably, a mix of emotion can take their toil on one and make them have extreme reservation towards certain select asset… perhaps because of their not-so-good experience playing such coys. But its NOT enough reason to hate it or find disgusting the mere mention of it. U can lose money in a coy today, and gain double ur invested capital in the very same coy tomorrow. Ur astuteness, doggedness and willingness to want to learn from the experience and lessons of that failed TRADE/INVESTMENT SETUP is what makes all the difference!!
We all wish to learn. It is often said that the day u stop learning, u stop living!! I personally love to learn. Engage and criticize me constructively and I will love u for it. …am sure the same can be said of many others here.

Some of us don’t like it when we see these bouts of negative comments.(even if it’s not directed at me, I hate it) Yes there might be some folks who give advice having ulterior/selfish motives, but u can tell that there are others who don’t tour that line. Some folks here mean well!!

Personally, I will NEVER put out any write-up with an intent to deceive. …it had, has and will never align with the basic principle that defines my person. For us, we respect and appreciate why the word INTEGRITY came before the duo of MONEY and SUCCESS in the dictionary. Before ever I advice or put up any post here or anywhere else, I must have put it through a thorough scrutiny drawing from several tested analytical models.
My last recommendation here (GSK) followed a proof-test of no fewer than 7 models, 4 of which I personally developed. …the highlight of the coys –EV was just one of the other known 3. As I stated here then; GSK would still be undervalued even @ N15!! (keep a close watch on that coy and do well to align if u are yet to do so)

While there is no such thing as ABSOLUTE CERTAINTY in the investment world, the INTENT 1st, and from there ur zeal/drive and investing strategy is what really matters !!

Now back to the talk on INSURANCE coys...
Let me quickly reiterate what I said here in times past; That sector is worth a % of ur investment capital. That said, a lot should depend on how well u do ur homework. It will require a case by case study of the coys in that index to ascertain the likely big winners in line with the recent recap policy by the regulatory body(Naicom)

A quick guide;
I covered about 20 quoted insurance coys on the NSE: 1- CUSTODIAN, 2- AIICO, 3- MANSURD INS 4- MUTUAL BENEFITS, 5- PRESTIGE, 6- NEM, 7- LASACO, 8- CORNERSTONE, 9- SOVEREIGN TRUST, 10- WAPIC, 11- ROYAL EXCHANGE, 12- VERITAS KAPITAL, 13- REGENCY ALLIANCE, 14- AFRICAN ALLIANCE, 15- NIGER INS, 16- SUNU INS, 17-CHI, 18- LINKAGE, 19- GUINEA INS and 20- UNIVERSAL INS to see how VALUE can be taped.

Of the 20, Nos 4, 2, 7, 9, 10 11, 12(yes I said 12) 13, 17 and 18, carries a greater weight of value drive/prospect given their MoS peg relative to CMP(risk-reward margin in view).

In view of the planned sector recapitalization exercise which will be 2-phased- 50% and 60% of the newly stipulated minimum paid-up capital for insurers and re-insurers respectively by 31st Dec 2020(expect a lot of activities from now till the release of FY2020 FPs to capture the 1st phase) and 100%/full compliance on or before 31st Sep 2021, I see 11 of them; Nos, 1,2, 3, 4, 5, 6, 7,10, 12, 17 and 18 meeting both deadlines and remaining as standalone entities with a 65% probability of acquiring the other 9. …by implication, the other 9 might pass the 1st deadline but could end up been acquired by these 11 and/or other external forces(either from within their in-house core investors or new entrants) or end up merging amongst themselves to form a bigger entity on or before the 2nd/last deadline of Sep 31st 2021.

And Yes there are a few lines to draw these inferences by relating their individual CF stand and SoI to the BS position in their financial prints and bench-marking same against the guideline of the proposed recap exercise.
However, nothing is cast in stone!! …so it’s imperative to remain vigilant and not throw caution to the gallery.

On a side note, those with holdings in No 3 should do well to thread with caution. …especially if u aligned post the bonus issuance but waiting to partake of the planned split exercise. (i.e. If u missed out on the QD of the 1st and is yet to liquidate any % holding). If u fail to extrapolate ur figures well, u might incur a loss post the split. It might be best to gradually follow through with a structured exit plan in time.
Remember that the split will likely create an exponential EM effect (4x price mark up in view)
Like I always tell folks, the increased price peg that follows a split is 88% of the time an overblown reflection of a coys valuation… so there’s often a near 1 prob. that price will fall to mirror the true value of the asset relative to earnings and the perception of market participants thereafter.
The fall though, will depend on the assets proposed factor of X. …that of MANSURED requires a careful breakdown of ur trade/investment setup to avoid a loss.
Note that this is not to say that MANSURED is an unworthy play, but to accentuate the need for carefulness.
If I can elk out the time, I will do an article drawing from an extensive analysis/review of the insurance 20 to further help us with the quest to seek REWARD.

Disclaimer: The part in italics should only be viewed subjectively. …it is NO license to any sought of recommendation. Due diligence still applies as always.
My advice? Pls follow ur instinct.

Selah

This is the only person I take his post seriously because he doesn't have time for unnecessary indirect attacks... He does his things whether he is recognized or not... GOD bless him anywhere he is

OGG is selfless in my own opinion