arasayar:
The real question is do you have sufficient forex to sell to all the dealers of the listed categories. Clearly not, currently even before the ban was lifted companies whose imports were approved would apply for say $1m forex and would be given $5-10k, hence they are majorly in the black market. The real issue is $ liquidity and until we increase inflow unbanninng makes no difference to fx issues.

The flipside will be an increase in customs revenue due to more import duties, cheaper commodities at the expense of employment for locals, while killing local production rather than resolving the issues faced by local producers. Yes we may not have competitive advantage in rice but is that same for toothpick, wheelbarrow, headpan and a whole others, we cannot as over 200m people stick to importing everything, this is not sustainable as we will just keep expanding the unemployment bracket and fueling insecurity.

We need to balance things and see the big picture but this cut and paste approach will lead us no where.

My brother the thing is something else, even toothpick was on the list

Which "delisting?" Lol

sky2891:

Could this be tagged unseriousness with the delisting or do we expect another AGM specifically for the delisting?

sky2891:

Could this be tagged unseriousness with the delisting or do we expect another AGM specifically for the delisting?

I guess there will be another Oando AGM/EGM specifically for the de-listing. But that may be early next year, as the next court sitting is on 29-Nov-2023.

Streetinvestor2:
Forget it.The government will never allow the importation of cement. Alhaji is government himself. Alhaji is head of big cartel in naija.Town Hall will not want fight in that front. That u have lift on 43 items. Does not mean they all have been approved to be imported by customs into the country from my findings

It will not affect Alhaji... i know
Even Alhaji will be importing...
And repackaging it....
Dats how Alhaji started..
All of dem dem na crook

arasayar:
The real question is do you have sufficient forex to sell to all the dealers of the listed categories. Clearly not, currently even before the ban was lifted companies whose imports were approved would apply for say $1m forex and would be given $5-10k, hence they are majorly in the black market. The real issue is $ liquidity and until we increase inflow unbanninng makes no difference to fx issues.

The flipside will be an increase in customs revenue due to more import duties, cheaper commodities at the expense of employment for locals, while killing local production rather than resolving the issues faced by local producers. Yes we may not have competitive advantage in rice but is that same for toothpick, wheelbarrow, headpan and a whole others, we cannot as over 200m people stick to importing everything, this is not sustainable as we will just keep expanding the unemployment bracket and fueling insecurity.

We need to balance things and see the big picture but this cut and paste approach will lead us no where.

Nigeria as a country is not ready to do business, I pray tinubu gets it right......Currently, at #1000 to $1 the country has all the necessary conditions to attract the needed capital...... The united states wants to move the bulk of their businesses away from China, if only Nigeria can just but get 1 or 2 out of this..........
Countries and Companies into international business know the game very well.......
Look at what is happening to French companies like arlit in Niger
No company will like to say invest $50billion in Nigeria and when they repatriate $200trillion after say 5years someone starts crying apartheid and starts implementing capital controls......
International capital has really wise up above that........
Best approach for Nigeria to take is something like the Taiwan style , everybody gets what they bargained for; nobody's crying fowl anywhere

https://nairametrics.com/2023/10/14/dangote-sugar-refinery-aims-to-boost-production-to-1-5-million-metric-tonnes/

Not a buy/hold recommendations. Due diligence applies...

ogoo4real:
https://nairametrics.com/2023/10/14/dangote-sugar-refinery-aims-to-boost-production-to-1-5-million-metric-tonnes/

Not a buy/hold recommendations. Due diligence applies...

That is still an assumption, I will wait and see their Q3 and be sure of the loss figure before I jump into their shares. They know how to use news to move their prices.

dapix:


That is still an assumption, I will wait and see their Q3 and be sure of the loss figure before I jump into their shares. They know how to use news to move their prices.

You wouldn't expect this information to affect their Q3 report I suppose. The proposed plan to upscale production is still work in progress and not in the past. So their Q3 report will not show any thing related

The more reason to key into subsequent earnings reports. You'll be able to distinguish between what is a Fair Value and that which is OVERVALUED.

ebuka1997:


True, the price is high too. I wonder why they made it that high even though the market cap is about 18 Billion I think but they should have made the price lower and issued more shares instead. High prices scare off retail

One of the hardest parts of investing is knowing when to sell. If a stock is showing considerable gains, some investors may quit while they’re ahead and choose to sell the stock. On the other hand, some investors may hold on to the stock in hopes that it will grow further in value. While the former investor risks the stock increasing further in price and losing potential gains, the latter investor risks the stock dropping in price and losing any unrealized gains. This dilemma begs the question, how does an investor know when to take profits on stock?

While it is extremely difficult to predict when the price of a stock will decrease, there are a few warning signs that investors should look for. In general, the news tends to be a good predictor of stock trends. If the news reports that a particular industry is struggling, or that a company is about to experience a negative change in its business or executive board, stocks in that industry or company may decline shortly after. Similarly, if a company announces that it is cutting back on or removing dividend payouts, this may signal to investors that the company is struggling financially, which could also cause its stock price to decrease.

Even if there are no negative warning signs, it may be a good idea to sell a stock if it experienced considerable growth. Setting a target price for a stock upon purchase is a good way of keeping track of when it may be best to sell. A stock’s target price represents a realistic future price that, if reached, would present the investor with unrealized gains. Investors often try to buy a stock when it is undervalued, therefore a future price target should represent what an investor believes the stock is worth. If a stock is overvalued in the market, it will eventually correct itself and drop in price. For this reason, many consider it a good time to sell when a stock reaches its target price.

VFD Group already issuing bonus.
https://nairametrics.com/2023/10/14/vfd-group-seeks-approval-and-listing-63-34-million-ordinary-shares/

One should keep an eye on NIDF.
Investors

Zagee:
One should keep an eye on NIDF. Investors

NIDF concept make sense. will see what they dish out in the annual report or quarterly report for update on holdings.hopefully its not the usual vague holding list they report.
UPDATE DEC 12 '23 : Started accumulation of NIDF stock - Will see how it goes during 2024 to add appropriately for Quartely dividend.The Logic is use this as exposure to long term overweight corporate bond : underweight government bond mix .(This hit me like a ton of brick when rebalancing today, #Agelikewine)

Move with caution!

Zagee:
VFD Group already issuing bonus.
https://nairametrics.com/2023/10/14/vfd-group-seeks-approval-and-listing-63-34-million-ordinary-shares/

One should keep an eye on NIDF.
Investors

Zagee:
VFD Group already issuing bonus.
https://nairametrics.com/2023/10/14/vfd-group-seeks-approval-and-listing-63-34-million-ordinary-shares/

One should keep an eye on NIDF.
Investors

It's not bonus shares but rights issue.

kolaish:
It is weekend and I just think we need to share some experience on trading.

There is always huge differences between trading and investing. Trading in stocks entails buying and selling stocks for short term gains. Time frame for trading depends on your definition of short term, as for me, trading is buying to sell between a day and 6 months time. On the other hand, investing is to buy and hold a stock for long term gains i.e. a year till eternity. In trading stock, you focus basically on buying a stock when you see that the stock is cheap at the prevailing market price and that it may go up in the shortest possible time. For example, some traders buy stocks in order to make as little as 10% - 30% and sell on or before 5 days. Please note that trading does not necessarily focus on the fundamentals of a stock, but the short time potentials of capital appreciation/gains.

Below are the lessons I learnt from trading stocks in the last one year. Note that every year has its own peculiarity and challenges. So, we will keep learning and get better through experience.

1. As a trader, be very diligent and understand when to buy and when to sell. do not be in a hurry when trading, because you may lose some of your money if you are not careful enough. There is always a buyers’ market and sellers’ market for every stock, don’t buy when it is time to sell and don’t sell when it is time to buy (Timing is very important when buying and selling). Always aim to buy a stock before it starts an upward movement. Be cautious not to rush into a stock that is on a high trajectory, except if you are sure that the fundamentals/potentials of the stock can still make it go higher than your entry price.

2. Always aim to buy the dip when the price of your target stock is going down. Don’t be too fearful that the stock has not reach its bottom, if you have reservations about it, you can be buying in tranches as it is going lower in order to reduce your entry price. For example, I refused to buy Ardova when it was N11, thinking it may get to N9, but then, right under my nose Ardova picked from N11 and move to N23 within four months.

3. NEVER rush to buy another stock when you just made good profit from a stock; Relax and let the proceeds be in your trading account for at least a week before deciding on what to buy or do with it. If you are not careful, you may enter a stock that will ERODE the gains you just made and take you back to square one.

4. Avoid stocks that has returned more than 100% - 400% year to date, if you insist on buying it, you may end up carrying the shell and being the foolish trader holding forth for the smart traders (mai kaya in hausa language )

5. Exercise restrain when buying a stock that is on a rally due to expected good result by the market. Reason being that the price of the good result may have been factored into the stock already. Therefore, it may not rally again even after the release of the juicy result. Infact, the price may start to decline after the release of the good financials. Example is FCMB @ 697k

6. Also, be cautious about entering the market when there is general market bull between 10am – 12pm. The bull may be an initial gra-gra that may slow down before the close of market. Therefore, those stocks going up like private jet may still be sold lower between 1pm and close of market. Example was when I rushed to buy FCMB @ 697K based on their outstanding Q2 2023 performance, only to see the same sold at 640k around 1.30pm. Right now, I am yet to see the price hit my average price of 679k, though I am prepared to wait till release of their Q4 result as I still believe it will still surpass 700k.

7. Do not hate or judge any stock due to its past antecedents. As far as it has not been delisted from the market, money can still be made from it. Therefore, study the present status of the stock distinct from its past and see if opportunity exist for you to make quick gains. Examples of these type of stocks are DaarCom, IEI etc For instance, I annoyingly sold the IEI that I bought @ 124k in 2011 for 29k few months ago just because I am not happy with the company, instead of studying the present situation and buy more. Infact, I got angrier everyday when its price was increasing till it got to around 140k (bad belle, you will say ). Due to this point, I was able to swallow my pride, bought some alleged bad stocks. for example, I made 160% gain on Oando because I know that I have nothing to loose when the price was around 525k. I made another 115% gain by buying Japaul @37k and selling at 84k, all within 2 months of purchase.

8. Do not be too much in a hurry to exit a stock with good fundamentals/potentials. It may reach the price you never imagined. For example, I bought NAHCO @ 725K and exited at N14, not knowing it will still be sought after even at N22.

The points above is just a little summary and not all my experiences. While trading, you should expect gains and losses. When you gain, you are happy and when you lose, don’t suck much, just re-strategize, put the lesson behind you and move-on. However, I can say that I have been successful due to fact that I made 75% gains as against 25% losses. The gurus in the house can give us their experiences too on trading or investing.

Disclosure: I do hope that @onegentleguy will forgive me for infringing on his privacy (epistle )

Experience they say, is the best teacher!
Keeping it real and simple. Well done.

unite4real:


You wouldn't expect this information to affect their Q3 report I suppose. The proposed plan to upscale production is still work in progress and not in the past. So their Q3 report will not show any thing related

Something were ppl don dey mop b/w N50 to N60 in the past weeks. The Q3 he is expecting is of little effect considering that DangoteFood will be listed in 3 months @ a price most likely around N100 +/-N10 and will continue its northward journey chasing BuaFood.

If him want buy, simply load up enough quantity you are comfortable with. Stop to dey wait for Q3 result. By first week of November e fit dey late.

unite4real:


It's not bonus shares but rights issue.

Check the details

Zagee:

Check the details

I hope you understand the difference between Rights issue and Bonus.

"Rights Issue is a right issued to its existing shareholders to subscribe to the shares at a discounted price within a specified time period. A bonus issue is an issue of shares by the Company to its existing shareholders free of cost"

Meanwhile for a company that just got listed on the exchange, on what basis will they start dashing out shares after a few days. Thinking it's a bonus is like believing that a new iphone 15 is being sold for N50,000.

Now back to VFD, below is an extract from the public information.

"According to a statement from the NGX application, the right issue is based on one ordinary share for every three existing ordinary shares held as of the close of business on Thursday, 12 October 2023."

"VFD Group Plc has through its Stockbrokers, TRW Stockbrokers Limited filed an application to the Nigerian Exchange Limited (NGX) for the approval and listing of a rights issue of 63.342 million ordinary shares of 50 kobo each at N197.33 per share"

Where is the detail that shows it's free. Bonus share are meant to be free. If you are paying at a discount then it's right issue

Please list 10 best stocks to buy now, and expect at least 100% net profit margin.

arasayar:
The real question is do you have sufficient forex to sell to all the dealers of the listed categories. Clearly not, currently even before the ban was lifted companies whose imports were approved would apply for say $1m forex and would be given $5-10k, hence they are majorly in the black market. The real issue is $ liquidity and until we increase inflow unbanninng makes no difference to fx issues.

The flipside will be an increase in customs revenue due to more import duties, cheaper commodities at the expense of employment for locals, while killing local production rather than resolving the issues faced by local producers. Yes we may not have competitive advantage in rice but is that same for toothpick, wheelbarrow, headpan and a whole others, we cannot as over 200m people stick to importing everything, this is not sustainable as we will just keep expanding the unemployment bracket and fueling insecurity.

We need to balance things and see the big picture but this cut and paste approach will lead us no where.

I think we have the comparative advantage for rice production. We have the type of land / water / weather combination that is good for rice production. But Nigeria is a high cost production area for many reasons. Insecurity and cost for security is one of the costs reducing competitiveness amongst many other issues.

Also with a large population it is the right thing to get the people productive instead of waiting to import everything.

PSA for the house: Any lawyer in the house that offer notary service? kindly identify yourself. May require service in coming week(s)... if doesn't apply to you, kindly move along . be blessed !!

Contrarian view: I believe competitive advantage is nuanced. If the government elected now and in coming years create an avenue for business growth through policies consistently regardless of political affiliation ( monetary devaluation, aggressive increment in production and product value chain capacity in selected space in agriculture, health and IP in tech companies).I strongly believe currency devaluation is a monetary tool in itself 50- 100 years from now, our sons and grandkid will be like that is/was a no brainer policy to our exponential growth. considering it is deflationary. Albeit deflation is a double edge sword, a country like Nigeria with our human capital reserve (if channeled properly will go well for majority if our populace) shold benefit if properly done.

I can only imagine what our agricultural space will look like if the buhari-emefiele intervention (in about 8 years) in rice industry can be replicated and refined in select few space in commmodity (agriculture, solid mineral e.g gold, lithium). There is always a market for quality product while making profit becomes a question of consistent satisfaction of your customers.

😀😀....this items were not banned as contraband goods....they were banned from seeking forex from the official forex window.

Importers of these items go to the parallel market to get forex to bring these items into the country. In doing this....they put pressure on the forex availability... making the price in naira to go up.

Unbanning these items and bringing them to the officially seek forex from CBN window will relax the pressure it puts on the parallel market and reduce demand from the black market.... reducing the exchange rate.😀
These are short term measures to relax the demand in the black market.

The next is to make Nigerians believe in the country again....reducing the japa syndrome that is also putting a lot of pressure in the black market 😀😀🚶🏿‍♂️🚶🏿‍♂️🚶🏿‍♂️

Rest my case

Willie2015:


It will not affect Alhaji... i know
Even Alhaji will be importing...
And repackaging it....
Dats how Alhaji started..
All of dem dem na crook

oh yes!! Alhaji will definitely import,e nor hard for am.

BabsO2:


I think we have the comparative advantage for rice production. We have the type of land / water / weather combination that is good for rice production. But Nigeria is a high cost production area for many reasons. Insecurity and cost for security is one of the costs reducing competitiveness amongst many other issues.

Also with a large population it is the right thing to get the people productive instead of waiting to import everything.

the big problems in Nigeria is bottlenecks and unnecessary double taxation in the system even the illegal road taxation especially in states,once that is settled it will be easy to meet domestic demand and price coming down.there are many factors.....the government have alot of work to do,alot!!!

essentialone:
😀😀....this items were not banned as contraband goods....they were banned from seeking forex from the official forex window.

Importers of these items go to the parallel market to get forex to bring these items into the country. In doing this....they put pressure on the forex availability... making the price in naira to go up.

Unbanning these items and bringing them to the officially seek forex from CBN window will relax the pressure it puts on the parallel market and reduce demand from the black market.... reducing the exchange rate.😀
These are short term measures to relax the demand in the black market.

The next is to make Nigerians believe in the country again....reducing the japa syndrome that is also putting a lot of pressure in the black market 😀😀🚶🏿‍♂️🚶🏿‍♂️🚶🏿‍♂️

Rest my case

The real solution to restoring faith in the country and currency is by doing the right thing, following the rule of law.

By rehabilitating the justice system and the reward system.

kolaish:
It is weekend and I just think we need to share some experience on trading.

There is always huge differences between trading and investing. Trading in stocks entails buying and selling stocks for short term gains. Time frame for trading depends on your definition of short term, as for me, trading is buying to sell between a day and 6 months time. On the other hand, investing is to buy and hold a stock for long term gains i.e. a year till eternity. In trading stock, you focus basically on buying a stock when you see that the stock is cheap at the prevailing market price and that it may go up in the shortest possible time. For example, some traders buy stocks in order to make as little as 10% - 30% and sell on or before 5 days. Please note that trading does not necessarily focus on the fundamentals of a stock, but the short time potentials of capital appreciation/gains.

Below are the lessons I learnt from trading stocks in the last one year. Note that every year has its own peculiarity and challenges. So, we will keep learning and get better through experience.

1. As a trader, be very diligent and understand when to buy and when to sell. do not be in a hurry when trading, because you may lose some of your money if you are not careful enough. There is always a buyers’ market and sellers’ market for every stock, don’t buy when it is time to sell and don’t sell when it is time to buy (Timing is very important when buying and selling). Always aim to buy a stock before it starts an upward movement. Be cautious not to rush into a stock that is on a high trajectory, except if you are sure that the fundamentals/potentials of the stock can still make it go higher than your entry price.

2. Always aim to buy the dip when the price of your target stock is going down. Don’t be too fearful that the stock has not reach its bottom, if you have reservations about it, you can be buying in tranches as it is going lower in order to reduce your entry price. For example, I refused to buy Ardova when it was N11, thinking it may get to N9, but then, right under my nose Ardova picked from N11 and move to N23 within four months.

3. NEVER rush to buy another stock when you just made good profit from a stock; Relax and let the proceeds be in your trading account for at least a week before deciding on what to buy or do with it. If you are not careful, you may enter a stock that will ERODE the gains you just made and take you back to square one.

4. Avoid stocks that has returned more than 100% - 400% year to date, if you insist on buying it, you may end up carrying the shell and being the foolish trader holding forth for the smart traders (mai kaya in hausa language )

5. Exercise restrain when buying a stock that is on a rally due to expected good result by the market. Reason being that the price of the good result may have been factored into the stock already. Therefore, it may not rally again even after the release of the juicy result. Infact, the price may start to decline after the release of the good financials. Example is FCMB @ 697k

6. Also, be cautious about entering the market when there is general market bull between 10am – 12pm. The bull may be an initial gra-gra that may slow down before the close of market. Therefore, those stocks going up like private jet may still be sold lower between 1pm and close of market. Example was when I rushed to buy FCMB @ 697K based on their outstanding Q2 2023 performance, only to see the same sold at 640k around 1.30pm. Right now, I am yet to see the price hit my average price of 679k, though I am prepared to wait till release of their Q4 result as I still believe it will still surpass 700k.

7. Do not hate or judge any stock due to its past antecedents. As far as it has not been delisted from the market, money can still be made from it. Therefore, study the present status of the stock distinct from its past and see if opportunity exist for you to make quick gains. Examples of these type of stocks are DaarCom, IEI etc For instance, I annoyingly sold the IEI that I bought @ 124k in 2011 for 29k few months ago just because I am not happy with the company, instead of studying the present situation and buy more. Infact, I got angrier everyday when its price was increasing till it got to around 140k (bad belle, you will say ). Due to this point, I was able to swallow my pride, bought some alleged bad stocks. for example, I made 160% gain on Oando because I know that I have nothing to loose when the price was around 525k. I made another 115% gain by buying Japaul @37k and selling at 84k, all within 2 months of purchase.

8. Do not be too much in a hurry to exit a stock with good fundamentals/potentials. It may reach the price you never imagined. For example, I bought NAHCO @ 725K and exited at N14, not knowing it will still be sought after even at N22.

The points above is just a little summary and not all my experiences. While trading, you should expect gains and losses. When you gain, you are happy and when you lose, don’t suck much, just re-strategize, put the lesson behind you and move-on. However, I can say that I have been successful due to fact that I made 75% gains as against 25% losses. The gurus in the house can give us their experiences too on trading or investing.

Disclosure: I do hope that @onegentleguy will forgive me for infringing on his privacy (epistle )

Good writeup there @kolaish. If you were able to gather this amount of experiences within 1 yr of trading, then you must be an exceptionally intelligent person!

Having said that, one critical comment I would like to add is that trading isn't solely about short-term holding of stocks or other asset classes, as you suggested by mentioning a maximum of 6 months. The trading spectrum is quite diverse, encompassing:

1. Day traders/Scalpers: Engage in buying and selling within a single day.
2. Swing traders: Their horizon extends over several days or weeks.
3. Position traders: These set of people adopt a long-term outlook, holding onto positions for months or even years with a heavier reliance on long-term timeframe for analysis.

The category one falls into largely hinges on individual temperament and objectives.

Great read for the weekend!

essentialone:
Please list 10 best stocks to buy now, and expect at least 100% net profit margin.

O'boy see requirement o. I wish this can be accurately predicted. However if you are talking long term, me I still think intbrew and caverton will deliver on long term. Both are yet to do any significant rally

mikeapollo:


Thanks for this.
OANDO has released a Notice of AGM holding in Lagos on 6-Nov-2023, but is silent on the de-listing of its shares as it is not mentioned in the notice of the AGM.
What does this mean? Not to prejudice the case in court?

Simple, Just be sure to be at the AGM on 6 Nov and vote against the buyouts. Then you will see your investment tripped in just weeks. Thank God the location is Lagos.

DANGOTE SUGAR NEEDS EXTRA GOOD NEWS TO PUSH PRICE HIGHER
Price breaks below short-term support on 28/09 and as such weakens the stock short-term outlook. DangSugar will require more positive news to carry the stock price above 67 and the liquidity above 72. A rejection at this level may cause the price to retest 52 or below.

This is not a post to sell the stock, as the sentiment remains very bullish with the upcoming merger, rather an alert for interested parties to prepare to add more to their portfolio or for new joiner to partake at a cheaper price.

PLAN YOUR TRADES AND TRADE YOUR PLANS

chinonsobest:


Simple, Just be sure to be at the AGM on 6 Nov and vote against the buyouts. Then you will see your investment tripped in just weeks. Thank God the location is Lagos.

The buyout is not part of the agenda or issues to be discussed/voted on at the AGM.. But I will attend definitely.

E ku market ooooo…

Thank God we have finally cross $1 to N1000 (Naira)…

We are on our way to $1 to N1500…to N2000


By December, we will be $1 to N1500…

By Q2, 2024, we will be $1 to N1800/N2000

This is the renew hope…market is rallying LOL