₦airaland Forum

Streetinvestor2:
You believe so.If champion is to do better. it will only do better than IB because it is being managed by nigeria breweries not those criminals managing IB

Locotrader:
If champion do #12 from 3.85 it's selling today and NB do #70 from #37 we are seeing it now, which of them did better?

This is where I am beating most of you in this market.Japaul, Multiverse, Tip all gave me more than 300% while some of you fundamental guys are struggling to make 100%.

Streetinvestor2:
Oga loco,I just view your TP.Both offer and bid no even reach 1.5 million. How I wan take make money for thr

chibaby1985:
Otedola Acquires ₦6Billion Dangote Cement Shares

https://www.premiumtimesng.com/news/headlines/660274-otedola-acquires-n6-billion-worth-of-dangote-cement-shares.html

chibaby1985:
Otedola Acquires ₦6Billion Dangote Cement Shares

https://www.premiumtimesng.com/news/headlines/660274-otedola-acquires-n6-billion-worth-of-dangote-cement-shares.html

Princkez:
This is how he will acquire DANFOODS when it comes on board...

janga:
when there’s life then there’s hope. death is not the solution and one have to keep on fighting

Streetinvestor2:
Oga loco,I just view your TP.Both offer and bid no even reach 1.5 million. How I wan take make money for thr

Shalom428:
Deep!

No one has ever gone wrong with taking a decent profit and walking away to reset.

Streetinvestor2:
Pls what was the % for last fg bond for 20yrs and above. And when is the next offer opening...thanks

Princkez:
This is how he will acquire DANFOODS when it comes on board...

emmanuelewumi:
I still expect more upside, but cautious optimism is needed especially when the Math does not make sense.

Euphoria can drive a stock from N10 to N100 within a year, it is the fundamentals that will maintain the price and probably make it a N200 stock in 5 years time.

kolaish:
We need to give it to Loco. He is 75% good in what he is doing and I believe he has made a lot for himself in the stock market. He has eyes to spot penny stock. The problem that most people here has is that they don't key into the stock at the initial announcement. Even this morning when he was ringing the closing bell, Champion was still selling at 386k, but now at 410k.

He announced TIP @ below 100k. Multiverse @ below 400k and less I forget, Japaul @ below 40k. Loco, you are doing well jare

Agbalowomeri:
What about the volume?
Distribution already commenced. I have not checked the charts but I expect divergence

chibaby1985:
Do you think the wahala of 2008 which was a global meltdown will happen anytime soon in the financial world?

emmanuelewumi:
Why 20 years.

I got 10 years for about 14.5%

emmanuelewumi:
Not when holy spirit told you to sell and buy a property, buy dollar or reinvest in your business.


Then the maximum gain or loss was 5% per not now that it is 10% per day.

emmanuelewumi:
So global melt down made a stock that could not afford its rent of about 500k at Ajao Estate, did not pay dividends for ages to move from 50k to N10 and became a N2 billion company on the stock exchange.

It got to a stage when insiders were making more money trading their dead stocks than running the company

Agbalowomeri:
What about the volume?
Distribution already commenced. I have not checked the charts but I expect divergence

ositadima1:
In OGGs voice, you need to upgrade your techniques.

But seriously, what has happened and is currently happening in the market can be explained by macroeconomics, not just by looking at volumes of charts. I see two key factors: the massive waves of inflation and the positive sentiment surrounding the current administration.

Inflation has repriced most businesses. You may not understand this if you are a civil servant or salary earner. For example, if you used to buy your inventory at 10 naira but now buy at 17 naira, you should also increase retail prices to absorb the increased costs, including higher living expenses. Hence, I expect increased revenue going forward. Savvy investors understand this dynamic, which is reflected in current prices.

Secondly, with the new administration and upcoming refineries, the Nigerian economy looks promising.

I added a small chart showing overall performance on the NGX from May 2020 to yesterday. It indicates the number of stocks moving at least 10% up or down each month, along with total value traded.

Regarding total values, some may argue it represents money leaving the market, while others say it is new money entering. I would say it depends on the ratio of gainers to losers in that period. Let's discuss this point.

Since 2023-05, about 1.62 trillion naira (1.35 billion USD at 1200 exchange rate) entered the market in just 9 months. Do you think this much money is manipulation that can easily be extracted?

ositadima1:
The market has repriced most stocks; a new era has been ushered in. The days of Zenith at 25 are gone, so too for most other stocks, unless the government commits massive errors or something messed up happens globally.

Streetinvestor2:
Pls oga loco do it for your guy in Abc transport and do more in caverton.

emmanuelewumi:
I still expect more upside, but cautious optimism is needed especially when the Math does not make sense.

Euphoria can drive a stock from N10 to N100 within a year, it is the fundamentals that will maintain the price and probably make it a N200 stock in 5 years time.

ositadima1:
The market has repriced most stocks; a new era has been ushered in. The days of Zenith at 25 are gone, so too for most other stocks, unless the government commits massive errors or something messed up happens globally.

stcool:
Those days I no dey miss Stockwatch...sometimes i dey go round to look for the paper as not every vendor has it or mostly finished. I always look forward to the next week monday to buy the paper

chibaby1985:
Pls what's the name of this stock?