₦airaland Forum

KarlTom:
@Awesomej

Like you rightly pointed out GEREGU resumed without the 10% drop...

mikeapollo:
I am not even talking about Nigerian govts alone. All over Africa and developing countries, all the progressive govts. do gradual, piece-meal, phased devaluation in order to be able to manage the dislocations. There is no country that did what the man in Abuja did (reckless floating and subsidy removal that has been able to recover and achieve purchase power parity with the dollar, as the earlier OP mentioned. It will not happen.
With a weak industrial base, we need to incentivize local producers to produce more. I expected the govt to ban importation of some non-essential items to reduce the pressure on the naira, and then do a gradual, piecemeal management of the exchange rate to avoid the harsh effects of a reckless floatation.

ogawisdom:
70B is alot for fidelity hmmm well I hope they can still pay at least ₦2 sth dividend like last time or sth close to it. Otherwise their share price may not go up much. They did not move in this bull market and they should know that any drastic reduction in dividend will dip their share price well

ojeysky:
Geregu would have dropped a couple of 10s if there were daily 1 time 100k buyers

megawealth01:
But na common man dey suffer am

GeeKudi:
What would you have done differently at the time he took over? Majority of Nigerians voted for the those immediate decisions he took when he took over. They endorsed those decisions by giving majority votes to all candidates who campaigned on those points. Candidates like Sowore etc who campaigned agaisnt those steps got little to no vote.
We can play politics of "he is not my candidate and so I must always antagonize him" but on a forum of supposedly enlightened folks like this, one who expect some truthful submissions devoid of such partisanship. Tinubu has shown leadership, he has demonstrated uncommon courage and put his political career on the line to prevent Nigeria from going down. Personally, I have no reason to look for any other person to vote for.

EDUECO:
If you buy BTC and there is no increase in price.

How are you going to make money when there is no increase in price?

elpaso007:
This is an interesting read. https://intelligentsia234.substack.com/p/to-save-nigeria-stop-listening-to

GeeKudi:
What would you have done differently at the time he took over? Majority of Nigerians voted for the those immediate decisions he took when he took over. They endorsed those decisions by giving majority votes to all candidates who campaigned on those points. Candidates like Sowore etc who campaigned agaisnt those steps got little to no vote.
We can play politics of "he is not my candidate and so I must always antagonize him" but on a forum of supposedly enlightened folks like this, one who expect some truthful submissions devoid of such partisanship. Tinubu has shown leadership, he has demonstrated uncommon courage and put his political career on the line to prevent Nigeria from going down. Personally, I have no reason to look for any other person to vote for.

mikeapollo:
Go read your books, work on past questions and forget ''expo''.

KarlTom:
It's not good to talk while you have food in your mouth...

zendi:
In other words :

1 Quit JIJO, gambling, profit taking and all other Get-Rich-Quick sharp practices.

2 Go orthodox, long term, buy-and-hold mode and

3 Wait for your Ellah dividends the day it comes.

SonofElElyonRet:
Go and read your syllabus

mikeapollo:
Any tip-off?
I am not asking for ''expo'' oooo, even though there may be a thin line separating ''expo' and ''tip-off'' ;

mikeapollo:
I think Stanbic IBTC bank did some share buy back several years ago, and that is apparently contributing to their equity returns and high share price.
Some of the other banks may do same if they deem their outstanding shares to be too large in size.

leo1234:
BTC was designed to undergo deflation not inflation.

Joyful365:
Bank stocks are the worst form of stocks to hold. They'll keep diluting your shares till what you own is an infinitesimal part of their outstanding shares, at which point you'll practically get next to peanuts even if they declare billions in profit.

Banks ought to buy back a part of their circulating shares during periods of surplus, to create shareholders value, but they won't because they're part of the scam monetary system that feeds off printing money to render people poor. That's why banks print new shares to sell each time they're given new capital requirements.

If you are looking for capital appreciation, avoid most nigerian stocks that have outstanding shares of over 40 billion or more.

You're better off owning commercial papers, treasury bills and government bonds.

Princkez:
don't worry about the new investor because the money is already down...please wait till after the egm .

Princkez:
no be small my brother

Princkez:
please with all due respect don't misquote me...I said may be they already have investors on ground...

chimex38:
Why your number 3 come sound like Armageddon for my ear 👂

Wait for your Ellah dividends as soon as it comes.(Fixed)

zendi:
Welcome to the night shift.

Chimex38 is our Night Editor.

Erniemax101:
Please, does anyone know how long it usually takes to dematerialize stock? It’s been almost a month since I sent in my father’s certificate to Morgan's Capital and I don’t want to keep bothering them with follow-up emails. Also, will the average cost price remain the same after dematerialization, considering he bought the Presco shares at ₦10?”

Erniemax101:
Please, does anyone know how long it usually takes to dematerialize stock? It’s been almost a month since I sent in my father’s certificate to Morgan's Capital and I don’t want to keep bothering them with follow-up emails. Also, will the average cost price remain the same after dematerialization, considering he bought the Presco shares at ₦10?”

mikeapollo:
We are very good at playing with fantastic rhetoric.
What ''recent gains'' have we achieved and how would strengthening the value of the naira create ''instability'' in a country that is heavily dependent on imports?
The only so called ''stability'' we have now is the near-total dislocation of the economy caused by the reckless floatation and devaluation of the naira from N550 to N1,550.
There would not be any purchasing power parity with the dollar as long as there is cost-push, import induced inflation, and a weak industrial base.

GeeKudi:
What would you have done differently at the time he took over? Majority of Nigerians voted for the those immediate decisions he took when he took over. They endorsed those decisions by giving majority votes to all candidates who campaigned on those points. Candidates like Sowore etc who campaigned agaisnt those steps got little to no vote.
We can play politics of "he is not my candidate and so I must always antagonize him" but on a forum of supposedly enlightened folks like this, one who expect some truthful submissions devoid of such partisanship. Tinubu has shown leadership, he has demonstrated uncommon courage and put his political career on the line to prevent Nigeria from going down. Personally, I have no reason to look for any other person to vote for.

Erniemax101:
Please, does anyone know how long it usually takes to dematerialize stock? It’s been almost a month since I sent in my father’s certificate to Morgan's Capital and I don’t want to keep bothering them with follow-up emails. Also, will the average cost price remain the same after dematerialization, considering he bought the Presco shares at ₦10?”

kintus:
Lasaco received the highest bleeding.

I hope the stock recover well.

orriyomi33:
Good evening house.


What do you think of this?

ppogba:
Congratulations in advance if the Presco units are large.

If so, just do the following :
1. Go immediately and ask your neighbor both on the right and left how much they want to. sell their houses .

2. Get in touch with an IJEBU man to inquire about how to organize a re- beffiting burial for someone who died eons ago if your dad is late.

3. If the man is alive, buy goat and do Asun for him on his next birthday.

4. Thank Seun for Nairaland