₦airaland Forum

Lagos lori ìfilọ.

ositadima1:
Lagos lori ìfilọ.

I would never risk my money in State Govt. Bonds

emmanuelewumi:
You no dey pay tithe ni

emmanuelewumi:
Do you have stabilizers in your portfolio?. FGN bonds?

I have sukuk @13% for 10 yrs
I regret buying it .I no go try such again. It made sense then before inflation and devaluation happened

deathwing:
I still have not seen any official info on how to get Presco RI

Why bother yourself when u can buy it cheaper on the floor. Abi u be charity brother..lol.
I know dey buy oh thr is no benefit

Index on track to have one of its heaviest sheddings this year. And MTNN full offer is yet to impact.

This market is really showing people shege

awesomeJ:
@streetinvestor2 were you able to exit TOTAL?

I no see person by I unit .I have even stop putting sell mandate.
Lol

awesomeJ:
Index on track to have one of its heaviest sheddings this year. And MTNN full offer is yet to impact.

This market is really showing people shege

The ngx is about to collect his own disgrace title..lol
When u over rate one guy as tax expert.The guy no sabi nothing. That guy has no investment on ngx.

Streetinvestor2:
I no see person by I unit .I have even stop putting sell mandate.
Lol

someone came to mop up 1.4m units today, I've now exited about 80% of my holdings. The liquidity at this time will be very useful.

awesomeJ:
someone came to mop up 1.4m units today, I've now exited about 80% of my holdings. The liquidity at this time will be very useful.

Are u serious. Watin him see

Streetinvestor2:
Are u serious. Watin him see

Only he knows. The situation was supposed to get worse the the 15% Ad valorem, especially as TOTAL doesn't even have many retail outlets anymore. But thank God I'm out!

awesomeJ:
Index on track to have one of its heaviest sheddings this year. And MTNN full offer is yet to impact.

This market is really showing people shege

It is not the ''market'' per se.
This is classic case of a poorly-thought policy intervention by the govt (i.e. CGT) killing market enthusiasm and confidence.

Zenith 56+ GTCO 81+ Agba e be like say your prediction don almost reach o

Market that foreign investors abandoned and have refused to return. The locals have been sustaining it instead to put incentives to encourage more.You decided to bring useless tax policy and even said it will be retrogressive because u just need money from everywhere to loot.You loot borrowed money .You went for forex gains from bank, pension fund,unclaimed dividend ,dormant account fund.what kind of government is this
Last week a fmly member could not do chemo because teaching hospital was on strike because of small arrears. You are looting fund from USA as aid for the military. This is why insecurity has lingered to alarming rate

mikeapollo:
It is not the ''market'' per se.
This is classic case of a poorly-thought policy intervention by the govt (i.e. CGT) killing market enthusiasm and confidence.

Can a petition be co-written remotely? would it work in this case? if so maybe you can volunteer to draft one against the committee on why the CGT is ill thought or ill timed, then some of us here can sign it.

I believe coming up with an action plan is better than just speaking about it.

Anyways, some of us are still sailing along the market waves. All I need is 10% a month. I'm already halfway there MTD.

Then u tell me I should not advocate for what those 16 guys wanted to do.we already have a failed government so why should I not support to try any new one.like the present is offering an option

A snapshot of trading so far today on the NGX.


https://www.youtube.com/watch?v=-WXIXML35YM?si=Xv1J_f2Imy1hGPr_

Ginalex:
Zenith 56+ GTCO 81+ Agba e be like say your prediction don almost reach o

I want Zenith @40-45 for 50% of my portfolio, then wait for N35
But it could do a short-term rebound at 48-50/51 (very strong support)

GTCO stubborn

awesomeJ:
Can a petition be co-written remotely? would it work in this case? if so maybe you can volunteer to draft one against the committee on why the CGT is ill thought or ill timed, then some of us here can sign it.

I believe coming up with an action plan is better than just speaking about it.

Anyways, some of us are still sailing along the market waves. All I need is 10% a month. I'm already halfway there MTD.

Citizens opinions form a good basis for public policy in most societies and nations.
Not everybody that speaks out needs to write a petition.
And I hope people speaking against the CGT does not do any harm to your interests?

Agbalowomeri:
I want Zenith @40-45 for 50% of my portfolio, then wait for N35
But it could do a short-term rebound at 48-50/51 (very strong support)

GTCO stubborn

make I shook hand go fund my akant

awesomeJ:
Can a petition be co-written remotely? would it work in this case? if so maybe you can volunteer to draft one against the committee on why the CGT is ill thought or ill timed, then some of us here can sign it.

I believe coming up with an action plan is better than just speaking about it.

Anyways, some of us are still sailing along the market waves. All I need is 10% a month. I'm already halfway there MTD.

You see someone like that tax guy will not listen because he feels he knows all with the level of hype. Na to the minster of finance u go write because it is his sector he one rubbish
The tax guy is disconnected from nigeria peculiarity and realities on the street. How can he even consider 800k per annum as benchmark for none taxable for families presently in nigeria

Agbalowomeri:
I want Zenith @40-45 for 50% of my portfolio, then wait for N35
But it could do a short-term rebound at 48-50/51 (very strong support)

GTCO stubborn

The 'Undertaker''.
You want to see these stocks ''tucked'' below a price range

mikeapollo:
Citizens opinions form a good basis for public policy in most societies an nations.
Not everybody that speaks out needs to write a petition.
And I hope people speaking against the CGT does not do any harm to your interests?

I'm talking about the impact of the talks when the people who can do anything about aren't even aware you're making them. If you write a petition or find a forum where they can read about your concerns, that'd have an effect.


Do you realize for months now, you hardly go a day without mentioning CGT here, what impact do you think that's having on the policy?

Streetinvestor2:
You see someone like that tax guy will not listen because he feels he knows all with the level if hype. Na to the minster of finance u go write because it is his sector he one rubbish

As long as we achieve the desired goal, even if na to presidency. Having a targeted action is what might work.

Buy I still feel NGX and the likes could have done much better to raise investors' concern while the laws were being drafted.

awesomeJ:
Can a petition be co-written remotely? would it work in this case? if so maybe you can volunteer to draft one against the committee on why the CGT is ill thought or ill timed, then some of us here can sign it.

I believe coming up with an action plan is better than just speaking about it.

Anyways, some of us are still sailing along the market waves. All I need is 10% a month. I'm already halfway there MTD.

I think petition won't really change nothing. When the billionaires (dangote and co) fortune index dropped by significant margin because of the drop in the price of their holdings, I think that's why federal govt will act. Or when companies starts firing people because there's no liquidity in the companies.

For u to feed a family of 3 children and parents to eat balance diet without luxury. How much will it cost a day and multiple by a yr.Thet means he wants over 90% of the people to live below poverty level since he sees 800k per annum as big money

awesomeJ:
I'm talking about the impact of the talks when the people who can do anything about aren't even aware you're making them. If you write a petition or find a forum where they can read about your concerns, that'd have an effect.


Do you realize for months now, you hardly go a day without mentioning CGT here, what impact do you think that's having on the policy?

So many issues are discussed on NL, in different sections and on various topics.
Policy makers and people in govt source public opinion from various platforms, especially in this era of social media. It is not only by petition.
Whether they are aware of what people say here or not, it is only for them to say, and not for any one of us on NL.
No one should be more Catholic than the Pope

Does it make sense to buy shares now if this new CGT law comes into effect? Wouldn’t it be better to invest in government treasury bills or bonds instead?

Buying shares involves taking on a lot of risk — economic risk, company-specific risk — only to have a portion of your gains taxed by the government. Wouldn’t it be safer to just buy bonds and be able to sleep peacefully at night?

Itzlinda:
I think petition won't really change nothing. When the billionaires (dangote and co) fortune index dropped by significant margin because of the drop in the price of their holdings, I think that's why federal govt will act. Or when companies starts firing people because there's no liquidity in the companies.

Thank you for the understanding and insights!

.

Blood everywhere ASI is already 144+k