Locotrader:
@222martins,

Good morning

The core investor of IEI bought their shares at #1.60.The stock is currently trading below their entry price. Looking at the latest result of IEI, the stock price is too cheap at 1.45kobo.There is possibility of this Q1 result to beat that of last year by over 200%.

I think the stock will also be on 10% full bid today

the problem is one can get trapped.

Imagine those investors in Multiverse who have been trying to come out for the past one month. total traded value yesterday from 6 deals only was N21k. You spot opportunity elsewhere and want to sell multiverse to key into such opportunities just like when MTN got to N180. Multiverse trapped you inside.
Yesterday also, Champion breweries, only 3 deals with total value of around N5k.

Look at McNichols, after the price went up many days and hit the top, coming out was a problem until it went back to where it started from before we started seeing bids.
Mecure has trapped investors wanting out as we speak. remember how it was flying high and jumping 10% daily for weeks. Yesterday's total traded volume was just 21k

so many stocks like that will do people shege.

Climbing up is not the problem but when you want to come out, it's a big problem especially when you are invested with huge fund.

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks. Imagine someone queuing up very early trying to sell about 1M units of Mecure or Multiverse. it would take more than 2 weeks of others waiting if the 1M guy gets in front everyday.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

SonofElElyonRet:


Dangote fertilizer will also be listed (as reported)

Great addition, cuz the one we have we're not sure whats happening there.

emmanuelewumi:



How?


How many businesses are quoted on NGX.


Do you have the historical data of the relationship between the Nigerian stock market capitalization and our GDP.

Because 80% is undervalued in the US stock market compared to their GDP, does not mean 50% is not overvalued in the Nigerian stock market compared to our GDP.


Maybe you wanted to say businesses in the Nigerian economy needed to be quoted on NGX

And where will that take us🤣

crownprince2017:


Wait for merger news, it will do 100.

The merger is taken to long now.

vacanci:


the problem is one can get trapped.

Imagine those investors in Multiverse who have been trying to come out for the past one month. total traded value yesterday from 6 deals only was N21k. You spot opportunity elsewhere and want to sell multiverse to key into such opportunities just like when MTN got to N180. Multiverse trapped you inside.
Yesterday also, Champion breweries, only 3 deals with total value of around N5k.

Look at McNichols, after the price went up many days and hit the top, coming out was a problem until it went back to where it started from before we started seeing bids.
Mecure has trapped investors wanting out as we speak. remember how it was flying high and jumping 10% daily for weeks. Yesterday's total traded volume was just 21k

so many stocks like that will do people shege.

Climbing up is not the problem but when you want to come out, it's a big problem especially when you are invested with huge fund.

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks. Imagine someone queuing up very early trying to sell about 1M units of Mecure or Multiverse. it would take more than 2 weeks of others waiting if the 1M guy gets in front everyday.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

When I was arguing this very point, the same guy was asking me if I was making money in this market, implying that my reasoning was flawed. He also stated in one of his posts that he could spot opportunities and tell you when to enter, but he would not reveal when to exit, which should have been a red flag.

The thing is, with such stocks, you should have a target exit point that hopefully falls within the period it was still trending. Once the trend is over, you will be trapped until the next trend emerges.

Zagee:


Great addition, cuz the one we have we're not sure whats happening there.



And where will that take us🤣

Comparing the data from South Africa to justify that our market is undervalued is not valid.

emmanuelewumi:



Comparing the data from South Africa to justify that our market is undervalued is not valid.

Very accurate. We just don't have the traction.

So whatever 🐳 you're ripping off NGX, do so quietly and drink garri like Agba!!

emmanuelewumi:



How?


How many businesses are quoted on NGX.


Do you have the historical data of the relationship between the Nigerian stock market capitalization and our GDP.

Because 80% is undervalued in the US stock market compared to their GDP, does not mean 50% is not overvalued in the Nigerian stock market compared to our GDP.


Maybe you wanted to say businesses in the Nigerian economy needed to be quoted on NGX

This is a very thoughtful observation. I was about to make the same point before I saw your post. Capitalization and GDP, though they may hint at overvaluation or undervaluation, should not be taken simplistically.

One needs to look at other factors. For example, it is possible that most of the companies in Nigeria driving the higher GDP are in the private sector, and it would be wrong to use the market capitalization of publicly traded companies to judge the overall economy or overvaluation or undervaluation of the NGX. While in the South African case, it is possible that a large number of the traded companies have subsidiaries outside the country repatriating dividends, like MTN, MultiChoice, and some other brands.

what is happing to fidelity bank abeg, the stock is in one place oh

Ding!

Go ahead.
Please do well to also contact the gurus here. The fountain of knowledge [on this platform] is very deep...

Entrepreneurrr:


Can i also send an Email, am a newbie too

vacanci:


the problem is one can get trapped.

Imagine those investors in Multiverse who have been trying to come out for the past one month. total traded value yesterday from 6 deals only was N21k. You spot opportunity elsewhere and want to sell multiverse to key into such opportunities just like when MTN got to N180. Multiverse trapped you inside.
Yesterday also, Champion breweries, only 3 deals with total value of around N5k.

Look at McNichols, after the price went up many days and hit the top, coming out was a problem until it went back to where it started from before we started seeing bids.
Mecure has trapped investors wanting out as we speak. remember how it was flying high and jumping 10% daily for weeks. Yesterday's total traded volume was just 21k

so many stocks like that will do people shege.

Climbing up is not the problem but when you want to come out, it's a big problem especially when you are invested with huge fund.

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks. Imagine someone queuing up very early trying to sell about 1M units of Mecure or Multiverse. it would take more than 2 weeks of others waiting if the 1M guy gets in front everyday.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

If the market respond to a stock on sentiment,there is tendency you will get trapped when the bull is over but if market reacts to fundamental/result,you can't get trapped bro. Always know why you are buying any stock and the reason why you are buying. For IEI, I am seeing impressive results going forward and price will continue to go up.set your exit price and stop blaming liquidity.

ositadima1:


When I was arguing this very point, the same guy was asking me if I was making money in this market, implying that my reasoning was flawed. He also stated in one of his posts that he could spot opportunities and tell you when to enter, but he would not reveal when to exit, which should have been a red flag.

The thing is, with such stocks, you should have a target exit point that hopefully falls within the period it was still trending. Once the trend is over, you will be trapped until the next trend emerges.

oh yes.

ositadima1:


When I was arguing this very point, the same guy was asking me if I was making money in this market, implying that my reasoning was flawed. He also stated in one of his posts that he could spot opportunities and tell you when to enter, but he would not reveal when to exit, which should have been a red flag.

The thing is, with such stocks, you should have a target exit point that hopefully falls within the period it was still trending. Once the trend is over, you will be trapped until the next trend emerges.

Keep on doing arguement with Loco.
You better join loco to make money and exit at your own set price.

Stop blaming liquidity. You are too old in this business to always become a learner.

vacanci:


the problem is one can get trapped.

Imagine those investors in Multiverse who have been trying to come out for the past one month. total traded value yesterday from 6 deals only was N21k. You spot opportunity elsewhere and want to sell multiverse to key into such opportunities just like when MTN got to N180. Multiverse trapped you inside.
Yesterday also, Champion breweries, only 3 deals with total value of around N5k.

Look at McNichols, after the price went up many days and hit the top, coming out was a problem until it went back to where it started from before we started seeing bids.
Mecure has trapped investors wanting out as we speak. remember how it was flying high and jumping 10% daily for weeks. Yesterday's total traded volume was just 21k

so many stocks like that will do people shege.

Climbing up is not the problem but when you want to come out, it's a big problem especially when you are invested with huge fund.

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks. Imagine someone queuing up very early trying to sell about 1M units of Mecure or Multiverse. it would take more than 2 weeks of others waiting if the 1M guy gets in front everyday.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

One only makes profit or loss when one sells.

Locotrader:
@222martins,

Good morning

The core investor of IEI bought their shares at #1.60.The stock is currently trading below their entry price. Looking at the latest result of IEI, the stock price is too cheap at 1.45kobo.There is possibility of this Q1 result to beat that of last year by over 200%.

I think the stock will also be on 10% full bid today

I am not in the IEI train for now......Those like Deadlytruth who were fortunate to take advantage of the price disparity and entered IEI early should enjoy the ride. I am done entering any stock for now until May, when i am sure the dividend run is over and the price dust has settled.

vacanci:


the problem is one can get trapped.

Imagine those investors in Multiverse who have been trying to come out for the past one month. total traded value yesterday from 6 deals only was N21k. You spot opportunity elsewhere and want to sell multiverse to key into such opportunities just like when MTN got to N180. Multiverse trapped you inside.
Yesterday also, Champion breweries, only 3 deals with total value of around N5k.

Look at McNichols, after the price went up many days and hit the top, coming out was a problem until it went back to where it started from before we started seeing bids.
Mecure has trapped investors wanting out as we speak. remember how it was flying high and jumping 10% daily for weeks. Yesterday's total traded volume was just 21k

so many stocks like that will do people shege.

Climbing up is not the problem but when you want to come out, it's a big problem especially when you are invested with huge fund.

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks. Imagine someone queuing up very early trying to sell about 1M units of Mecure or Multiverse. it would take more than 2 weeks of others waiting if the 1M guy gets in front everyday.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

Liquidity of a stock is very important. Does not matter if it is a penny stock or not.

It is very difficult to make good money from penny stocks without Monkey Hunting, that is the only way to create liquidity for such stocks

Druss:


One only makes profit or loss when one sells.

you are right but when you are caught in the web, this notion will erase from your mind.

imagine for example you have about N10 Million locked in Multiverse. You then have an opportunity to buy a house on distress sale for about 8 to 9 Million naira. You are confident to seal the deal because you have stocks valued above that. You hit the NGX to sell and buy the house.

Guess what, one month later you are still not able to sell. na that one i go take dey console myself say " I only make profit or loss when i sell?"

It's always good to be in a liquid stock or jump out early when the ovation is still loudest instead of reaching destination of no return.

i pray you do not experience being stuck in a stock when you need an emergency exit

Contrary to the expectations that banks will continue to experience more sell pressures, the banks are still holding up.......Aside FBNH currently witnessing pullback

Market is generally still trading "normal" as at now

Locotrader:


Keep on doing arguement with Loco.
You better join loco to make money and exit at your own set price.

Stop blaming liquidity. You are too old in this business to always become a learner.

"The more I live, the more I learn. The more I learn, the more I realize, the less I know." - Michel Legrand

"Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young." - Henry Ford

vacanci:
the problem is one can get trapped.
Imagine those investors in Multiverse who have been trying to come out for the past one month....
McNichols.....Mecure....

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

Let's correct one notion here: Hope you know illiquidity is not peculiar to penny stocks alone!

Could remember being somehow trapped in MRS at N12 with my tashere units and had to sell it off @13 or so due to illiquidity but today, that same MRS is trading at circa 100!

While you're very correct about illiquid stocks trapping, we should at the same time always have reasons for buying it.

What's the news surrounding it? What is FA saying? How does TA view it? Are you for short, medium or long term? Is result approaching and there's expectations of dividend payment, which will in turn increase activities in the stock, whereby you can exit conveniently? Is there any buyout/MTO/Merger news yet to be made public? Is there any special positive things driving it? Etc.

Now even if you buy it, what's your Plan B?
For instance, people were holding on to Sugar and Salt, not because of the financials but because of the Merger news in view.

If you notice that I didn't even mention JULI all thru.....it was because we don't know what's driving the share price.... someone somewhere was just using less than 200k daily to manipulate the share price.

So, you see, it's not enough to follow herds mentality but also do your DD if you know how to do it and don't be greedy with it.

PZ rose up to 40 and I'm sure some people would still be holding unto it, believing it will touch 100, later they may come to complain about being trapped as well.

yMcy56:

Let's correct one notion here: Hope you know illiquidity is not peculiar to penny stocks alone!

Could remember being somehow trapped in MRS at N12 with my tashere units and had to sell it off @13 or so due to illiquidity but today, that same MRS is trading at circa 100!

While you're very correct about illiquid stocks trapping, we should at the same time always have reasons for buying it.

What's the news surrounding it? What is FA saying? How does TA view it? Are you for short, medium or long term? Is result approaching and there's expectations of dividend payment, which will in turn increase activities in the stock, whereby you can exit conveniently? Is there any buyout/MTO/Merger news yet to be made public? Is there any special positive things driving it? Etc.

Now even if you buy it, what's your Plan B?
For instance, people were holding on to Sugar and Salt, not because of the financials but because of the Merger news in view.

If you notice that I didn't even mention JULI all thru.....it was because we don't know what's driving the share price.... someone somewhere was just using less than 200k daily to manipulate the share price.

So, you see, it's not enough to follow herds mentality but also do your DD if you know how to do it and don't be greedy with it.

PZ rose up to 40 and I'm sure some people would still be holding unto it, believing it will touch 100, later they may come to complain about being trapped as well.

CONOIL is the King of illiquidity.

OBAGADAFFI:


CONOIL is the King of illiquidity.

I blame myself for not taking position in the illiquid Transcorp hotels. from #7 to #100.
Village people is using this illiquid stocks to deny alot of people success stories.

With this illiquid stocks, I still respond to emergencies

thebargainhunte:


Check USA total stock market capitalisation and you would see that see that the capitalisation is about 49 trillion dollar while the GDP is about 25 trillion dollar. Stock valuation has no direct impact on GDP because we value stocks base on sentiments, sectors and country etc. Sometimes when the market capitalisation is greater than the GDP it means overvalued stock market, but we can have market capitalisation that is greater than the country's GDP. GDP is goods and services produced in a country in a year,it means that the goods and services produced by those companies that make up the stock market in a year cannot be more than the country's GDP in that year.

Thanks! A more appropriate comparison would involve national wealth or household wealth in relation to stock market valuation rather than GDP.

https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth

OBAGADAFFI:

CONOIL is the King of illiquidity.

What about Betaglass, Notore, Berger, DANGCEM, JBERGER, etc.

Someone was complaining about not been able to exit SEPLAT recently. Some of these big caps too can trap for many days. They have their movement periods too........

So, let's not continue to focus on Penny Stocks alone......and be quick to tag it and try to make it seems that someone is MH it to trap people.

The same Multiverse @13 is actually N1.30k if we consider the pre-construction period.
It was trading @0.20k/0.24k before the 1:10 (1 for every 10 held) reconstruction took place

222Martins:

I am not in the IEI train for now......Those like Deadlytruth who were fortunate to take advantage of the price disparity and entered IEI early should enjoy the ride. I am done entering any stock for now until May, when i am sure the dividend run is over and the price dust has settled.

Iei is on 10% full bid @ 1.59 below core investor entry price.
The core investor bought this stock at #1.60 when the company was heading to Golgotha. Within 2 years, they turned the company to profit and heading for expansions. There is still more upside of 100 -200% for Iei thought not in a straight line. Timeframe is 12 -24 months.

vacanci:


the problem is one can get trapped.

Imagine those investors in Multiverse who have been trying to come out for the past one month. total traded value yesterday from 6 deals only was N21k. You spot opportunity elsewhere and want to sell multiverse to key into such opportunities just like when MTN got to N180. Multiverse trapped you inside.
Yesterday also, Champion breweries, only 3 deals with total value of around N5k.

Look at McNichols, after the price went up many days and hit the top, coming out was a problem until it went back to where it started from before we started seeing bids.
Mecure has trapped investors wanting out as we speak. remember how it was flying high and jumping 10% daily for weeks. Yesterday's total traded volume was just 21k

so many stocks like that will do people shege.

Climbing up is not the problem but when you want to come out, it's a big problem especially when you are invested with huge fund.

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks. Imagine someone queuing up very early trying to sell about 1M units of Mecure or Multiverse. it would take more than 2 weeks of others waiting if the 1M guy gets in front everyday.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

I am stuck with multiverse hopefully I can exit soon...

Locotrader:


I blame myself for not taking position in the illiquid Transcorp hotels. from #7 to #100.
Village people is using this illiquid stocks to deny alot of people success stories.

With this illiquid stocks, I still respond to emergencies

Transcorp hotels usually allow buying and selling sometime.
Just monitor the movement.

yMcy56:

What about Betaglass, Notore, Berger, DANGCEM, JBERGER, etc.

Someone was complaining about not been able to exit SEPLAT recently. Some of these big caps too can trap for many days. They have their movement periods too........

So, let's not continue to focus on Penny Stocks alone......and be quick to tag it and try to make it seems that someone is MH it to trap people.

The same Multiverse @13 is actually N1.30k if we consider the pre-construction period.
It was trading @0.20k/0.24k before the 1:10 (1 for every 10 held) reconstruction took place

When it comes to big caps illiquidity, Conoil is Baba.
Conoil can trap you for a month.
Any positive news Full-Bidd
Any negative news Full-Offer

A stock with 1.2 Billion OS making a profit of #1.5B Naira in Q4 2023 and you called it illiquid stock. Which penny stock has this eps at the moment?
The body language of this stock shows its going to be a leader of the insurance companies in the next 5 years and price will be heading to #10 with the continuation of positive financial results like this. Unless they are delisting . I rest my case.

OBAGADAFFI:
When it comes to big caps illiquidity, Conoil is Baba.
Conoil can trap you for a month.
Any positive news Full-Bidd
Any negative news Full-Offer

Lol. It's a stock for long termers.
If you see a good trader in this, then the person must be sound in TA and must Target the mvmt period closely.

ZENITH @39.10
FBNH @37
Baton changed hands again.....

Locotrader:
A stock with 1.2 Billion OS making a profit of #1.5B Naira in Q4 2023 and you called it illiquid stock. Which penny stock has this eps at the moment?
The body language of this stock shows its going to be a leader of the insurance companies in the next 5 years and price will be heading to #10 with the continuation of positive financial results like this. Unless they are delisting . I rest my case.

Just to balance your view, I think it will be better if you State that part of those profit might not be sustainable coming from disposal of business.