₦airaland Forum

designking:
Banking stocks are really under value. Their regular and consistent dividend is enough to spur a massive share price appreciation.

I wonder why banking stocks are trading very low.

Princkez:
How far OANDO results...

Elsueno:
That's why I like I-invest app better, they provide that limit thing for u to set for over a week sef. And they give CSCS with alerts directly to Ur phone number for every single trade executed

designking:
Here is one major issue with Bamboo app. They usually don't update their stocks' prices and when you try placing an order, they use the outdated price.

This morning, I tried placing a buy order for Dangsuga but Bamboo is quoting ₦35 per share to purchase Dangsuga when the market value is around ₦31.

They will execute the order at ₦35 and pocket the difference of ₦4.

Zagee:
To one guy who called Bamboo a "scam". Charges are high. No doubt, but when you continue to use Market Order to place a bid, you're going to get exactly what the market has presented- be it high or low. Rather, use a LIMIT Order option when you place a bid for a stock.

Zagee:
To one guy who called Bamboo a "scam". Charges are high. No doubt, but when you continue to use Market Order to place a bid, you're going to get exactly what the market has presented- be it high or low. Rather, use a LIMIT Order option when you place a bid for a stock.

designking:
But the market has not presented ₦35 also Bamboo does not have an option for limit orders.

Elsueno:
That's why I like I-invest app better, they provide that limit thing for u to set for over a week sef. And they give CSCS with alerts directly to Ur phone number for every single trade executed

Zagee:
GeeKudi hello.....

ositadima1:
I read about someone who sold family land to fund his betting habit, and it made me think about why people gamble without understanding the mathematical concepts behind the offered odds. If you're familiar with the concept of expected value (what you would theoretically win per game if you were to play the same game millions of times), you would know that all games offered by betting sites have negative expected value.

Let me explain: each game is forecasted by a team of analysts and mathematicians who arrive at likely probabilities for the betting outcomes. This forecasting is ongoing even while the game is being played, which is why you can see the odds change throughout the game. The experts forecast the probabilities and then do something clever – they adjust the odds so that your expected value becomes negative before setting the final odds you see.

For example, if the odds of a coin toss getting heads is 50% (equivalent to odds of 2.0), they will adjust the odds to be equivalent to 55% (odds of 1.8 ). Instead of winning 1 naira whenever you win, you get 0.8 naira, effectively losing 0.2 on each game – and this assumes you're as good as their analysts.

The best way to approach betting, in my opinion, is to treat it like a lottery: bet nothing more than 100 naira on multiple games ticket and target big payouts, unless you believe you're better at analysis than their team of educated analysts.

Let me share my experience: before I went down the betting rabbit hole, I used to bet frequently, starting from virtual games with the martingale system to betting large amounts on single games. I lost over 2 million naira in the three years I was doing it around 2016 – money that I could have invested in the stock market instead. Some of my posts from those days are still on the Nairaland betting thread.

Zagee:
GeeKudi hello.....

Or you mean this option is not available for purchase of local stocks, cuz I don't use them for local purchase of stocks.

RodgersAkpafu:
limit orders is for their US positions
Not NGN

pluto09:
You still lost money to betting with all your ability in mathematical calculations

Zagee:
Oowwww. Now that's awful.

Payunsin:
I have sold 75% of my Oando and am seeking the next loot oooo.
Royalexchange
Japaul
Honeywell
On my mind.
Egg heads, pls I need your advice.
The money large gaan

1MMBOPD Project: Oando Establishes Production War Room To Ramp Up Productions

Oando Plc, Nigeria’s leading integrated energy company listed on the Nigerian Stock Exchange and Johannesburg Stock Exchange, has expressed its support for the Nigerian Upstream Regulatory Commission’s (NUPRC) Project One Million Barrels of Oil Per Day (bopd) increment, launched in Abuja on Monday.

designking:
https://leadership.ng/1mmbopd-project-oando-establishes-production-war-room-to-ramp-up-productions

vefexam:
yMcy56
Please how do i find dividend paying stock, is there like a board or list somewhere?

mikeapollo:
This is a fallacious fantasy!
There is nothing like ''production war room''! Oil and gas is produced in the oil fields, not in any ''room'' anywhere.
Oando should cut this crap and focus more on delivering good production numbers from their now-revamped oil fields and their financial performance.

vefexam:
I morgan capital, Betaglass doesn't seem to trade.
Is it suspended or something?