₦airaland Forum

Locotrader:
Okay oooo.
You made it clear to me when you contacted me to recommend the cheapest digital broker which I called out Atlas portfolios.I don't forget easily

Pls unsecured loan is not good for you.
If you insist, moniepoint is your partner in this case @ 34%

Nobody will even give him unsecured loan of that value.

He can get unsecured loan that is equivalent to 35% of his monthly salary or guaranteed monthly income

deathwing:
Will Presco be able to raise their RI if the stock has been trading below all this while? I remember buying on the floor at 1356 just a few fews ago. It's still around 1400.

You better sell your Presco shares

emmanuelewumi:
Nobody will even give him unsecured loan of that value.

He can get unsecured loan that is equivalent to 35% of his monthly salary or guaranteed monthly income

The pricing is what i'm after. If the 34% Loco mentioned is real or the 36% you mentioned. Then even if it's N2m, I'll take it. It'll basically be free money cos i'll make more than 136% on it within 12 months, covering both interests and principal.

Good thing though, while i want the good offer i do not need it. In January I took Oxygen X at 156% cos I most desperately needed it, today, I'm rejecting Renmoney at 92% cos I can afford to.

I'll take renmoney at 80% though if they revise, but it'd be a steal to find the 36% levels you mentioned.

essentialone:
NSLTECH may swing to a Rally soon...

Not if the state continues in this currently clime....No asset is rallying at this moment.....things may get worse from here........we all need to be extremely cautious in the market now....;.

emmanuelewumi:
You better sell your Presco shares

awesomeJ:
The pricing is what i'm after. If the 34% Loco mentioned is real or the 36% you mentioned. Then even if it's N2m, I'll take it. It'll basically be free money cos i'll make more than 136% on it within 12 months, covering both interests and principal.

Good thing though, while i want the good offer i do not need it. In January I took Oxygen X at 156% cos I most desperately needed it, today, I'm rejecting Renmoney at 92% cos I can afford to.

I'll take renmoney at 80% though if they revise, but it'd be a steal to find the 36% levels you mentioned.

Give unsecured N30 million loan on what basis,

They will either write your employer and find out what you have in your Retirement Savings Account to know if you are qualified for such loans then the tenor will be extremely short probably for a maximum of 3 months.


Your secured loan can run for 5 years and above

ositadima1:
Lol, so now trading is acceptable in your book? We had long arguments on this subject, and you insisted that fundamental investing was the only way. I’m glad to see your views have evolved.

I think it's in context.
He's replying to someone who trades, so it's understandable to use the word trading capital.
If it's to an investor, then it will be invested capital, Jijo capital, MH capital, etc

Ginalex:
You mean it traded more than 9billion is value on Monday?

Very well over 9B....Over 200M units traded on Monday

emmanuelewumi:
Give unsecured N30 million loan on what basis,

They will either write your employer and find out what you have in your Retirement Savings Account to know if you are qualified for such loans then the tenor will be extremely short probably for a maximum of 3 months.


Your secured loan can run for 5 years and above

You're taking the N30m figure out of context.

Check the conversation again, the only time I mentioned N30m loan was in the context of Ucap which is a secured facility.


I haven't mentioned any loan amount I want as far as unsecured facilities are concerned, it's only the pricing i've mentioned cos that's all i'm after. Give me even 60% unsecured, then whther it's 1, 2, 5 or 10m, I'll take it.

toyeoye:
Very well over 9B....Over 200M units traded on Monday

😳😲

Una no dey see access volume today?

Wish the brokers amongst us would give us a hint of who is selling, and why. Is it FPIs reacting CGT, or local institutional investors?

toyeoye:
Very well over 9B....Over 200M units traded on Monday

awesomeJ:
You're taking the N30m figure ;Dout of context.

Check the conversation again, the only time I mentioned N30m loan was in the context of Ucap which is a secured facility.


I haven't mentioned any loan amount I want as far as unsecured facilities are concerned, it's only the pricing i've mentioned cos that's all i'm after. Give me even 60% unsecured, then whther it's 1, 2, 5 or 10m, I'll take it.

If I get your discuss thus far.
You don't want a lien on any of your assets or pledge collateral with a loan of 30%-35%(secured loan).

But you prefer an interest rate even up 60-80% provided no strings attached as collateral
(unsecured loan).

https://www.youtube.com/watch?v=y3LT3rxvaZI

Midday trading update on the ngx today.

chimex38:
If I get your discuss thus far.
You don't want a lien on any of your assets or pledge collateral with a loan of 30%-35%(secured loan).

But you prefer an interest rate even up 60-80% provided no strings attached as collateral
(unsecured loan).

It's intriguing.
All I can say is you seem to be a master of this game to a large extent..

Whatever works for you, stick with it. It's probably your mojo

There may be risks but refining them is better than bailing out, especially if it has worked for you severally.
me, I just can't can

chimex38:
If I get your discuss thus far.
You don't want a lien on any of your assets or pledge collateral with a loan of 30%-35%(secured loan).

But you prefer an interest rate even up 60-80% provided no strings attached as collateral
(unsecured loan).

Yes.
Except that the range I prefer is 30-80%, lower is better.

chimex38:
It's intriguing.
All I can say is you seem to be a master of this game to a large extent..

Whatever works for you, stick with it. It's probably your mojo

There may be risks but refining them is better than bailing out, especially if it has worked for you severally.
me, I just can't can

Exactly.

Same way I can't do all these buy, wait, sell. It's extremely boring to me, never works always ends in losses, but some people who are good at it make up to 500%, they should stick with it.

The abraka-dabra continues. The NNPCL is just being quoted as saying they will partner with a private sector company in 2026. The link is below. The NNPCL said they were considering this same option during Kyari's time, just before they abandoned it and proceeded to restart the refinery. Let's see how the government will play this before the 2027 elections.

https://www.google.com/amp/s/businessday.ng/energy/article/nnpc-to-engage-private-partners-to-rebuild-refineries-ojulari/%3famp

bolton08:
There are speculations within NNPC that Port Harcourt Refineries could be sold to Oando.

Royalex
After 1.80-1.85 support
Next support is 2.25
Keep eyes here.
The T+2 bull will cause breakout in few days from now

Maybe in 2035

emmanuelewumi:
You better sell your Presco shares

deathwing:
Maybe in 2035

Sell now and buy back

Ohhh...my cost price is now N1100 (began buying at 900 or so), so it wouldn't make sense for me.

emmanuelewumi:
Sell now and buy back

emmanuelewumi:
Sell now and buy back

That won't be necessary if I buy below N200

deathwing:
Ohhh...my cost price is now N1100 (began buying at 900 or so), so it wouldn't make sense for me.

Just ask him nicely to explain the maths. Maybe there's a prespective he has that you're currently missing. It might be worth it.

awesomeJ:
Well you're wrong to think there's a crash any where. I can't even remember the last time i had a weekly red. Even daily reds are so few, they can be counted.
If you want, pick any week at random between August and Now, I'll show you it's green. (August cos that's when i started using my current software)

If you want a N500m portfolio, and you have N30m, you can choose to grow at N3m per month for maybe a decade before you hit your target, or you can seek to find leverage that'll help you grow at twice the speed (N6m monthly) and cut the time to 3 years.

That's the maths, seeking leverage doesn't mean you aren't making profits? why would you even assume that?

If i wasn't making profits? N2.5m in monthly trading fees would have sent me back to village na.

Weldone, awesomej. Is the said software used for trading or simply trade reconciliation? I'm guessing it's a custom tool

Another disgraced ngx will end on disgrace today.
Many PO and RI will fail this time
Let jijo people be playing games with u and u will be thinking u dey see green.
Why is the green never delivering 100k units to push price up.That means no real new fund dey enter the disgraced ngx.
Abi na this government boys way dey cash out from kidnapping of innocent people wan come put the loot on disgraced ngx.No reasonable foreign investor go try that shit in a disgraced nation apart from criminal chinko way follow they thief our solid minerals

dammybrite:
Weldone, awesomej. Is the said software used for trading or simply trade reconciliation? I'm guessing it's a custom tool

It's custom. I shared its details here at the time, that was the start of the derangment from that guy osita whatever

I vibecoded it in flask. I use Ruby on Rails professionally.

Interesting thing about trading volumes:

I was using the factor 1.0220375 to calculate my break even prices and thus my profits.
After many months i noticed my portfolio value was lower by about 40k, one reason being that if you place an order for 10,000 units, sometimes it gets filled once, costing you just 4.20 in X-Alert fees, some other times same order would take up to 10 trades to fill, costing N42 instead, but the 1.0220375 only factored in N4.2 hence the c. 40k shortfall after a while.

In July, i decided to just use 1.023 and rest.

Now that small 0.0009625 has not only cleared the 40k shortfall, I now even have like 120k surplus.

120k is significant to me. It's enough to pay my current power bill for a year!

Oya o, them say make i ask you to explain sir

emmanuelewumi:
Sell now and buy back

awesomeJ:
Interesting thing about trading volumes:

Now that small 0.0009625 has not only cleared the 40k shortfall, I now even have like 120k surplus.

120k is significant to me. It's enough to pay my current power bill for a year!

Where you dey pay 120k per year for Nepa?

deathwing:
Where you dey pay 120k per year for Nepa?

I live in band B! we enjoy subsidy.

awesomeJ:
Interesting thing about trading volumes:

I was using the factor 1.0220375 to calculate my break even prices and thus my profits.
After many months i noticed my portfolio value was lower by about 40k, one reason being that if you place an order for 10,000 units, sometimes it gets filled once, costing you just 4.20 in X-Alert fees, some other times same order would take up to 10 trades to fill, costing N42 instead, but the 1.0220375 only factored in N4.2 hence the c. 40k shortfall after a while.

In July, i decided to just use 1.023 and rest.

Now that small 0.0009625 has not only cleared the 40k shortfall, I now even have like 120k surplus.

120k is significant to me. It's enough to pay my current power bill for a year!

These are the sort of nuances I hope to confuse the tax man with next year if I move away from Lagos.

He'll just be like "oga abeg how much you want pay" No scatter my head. 😁😁😁 Cos most tax payers in my state are civil servants. Even N1m in annual taxes might rank me among the highest tax payers. But staying in Lagos would be different.