₦airaland Forum

OBAGADAFFI:
Accessbank is not efficient.

Too much expense on expansions.

Even if that is the case based on your opinion, does that negate her good metrics or we can jus wake up and offer any price for the asset without any facts.

ositadima1:
Lol, I can only guess that you’re invested in Access, that’s the only reason you can say two opposing things in the same post. You said ₦19 is impossible, yet later admitted that it’s possible but won’t last long.

Fundamentals are one thing; buyers’ and sellers’ opinions are another. Know the difference. In a free market, anything is possible. If many sellers come to the market and there aren’t enough buyers during that period, then even ₦15 is also possible.

It’s better to be at peace knowing the full range of outcomes than to suffer pain because of naïve optimism.

Now you are just looking for trouble

I am hoping that Gina hasn't sold First bank already

I sold at 40%. Didn't expect the rally to continue this way

Agbalowomeri:
I am hoping that Gina hasn't sold First bank already

crownprince2017:
I believed all these things are imagination that can't be presented with certainty.

And it can be applied to any assets.

Its safe to say gt will hit 50 n presco 1k and also give the same reason you gave.

Lol, which part is imagination? And yes, it can happen to any stock, but some stocks are more prone to it when current news and events are unfavorable.

I attached the GTCO chart, look at the drop inside the box (ignore my poor drawing skills). It looks small now after the recovery and subsequent trend, but at the time many people here were complaining until whoever was selling had exhausted their supply.

handsomebolanle:
I don suffer..
Anyways na at N7 we go run that one 😁😁

Dream on dreamer

I no dey post chart again sha, but make I talk my point: during that period when GTCO dey go down from ₦40 to ₦20, Access dey actually do okay. Now na Access dey dance awilo.

Some people will still jump into first bank and end up carrying the bag

SonofElElyonRet:
Some people will still jump into first bank and end up carrying the bag

Na wa oo. Every man to his kettle.
Which ''bag'' First Bank get wey other stocks like Oando or Ellah no get?
I wish everybody in every stocks the best of luck

https://www.youtube.com/watch?v=ViPdjB5p8ko

Midday trading update so far on the NGX.

mikeapollo:
Na wa oo. Every man to his kettle.
Which ''bag'' First Bank get wey other stocks like Oando or Ellah no get?
I wish everybody in every stocks the best of luck

O da. Dey follow me drag

Agbalowomeri:
I am hoping that Gina hasn't sold First bank already

I doubt your ASI calls last month go make her still available in first bank ..

Agba eyan scatter ngx

VFDGROUP just went nuclear 🚨📊
...recording its highest trading volume on record today... 191M+ units, over 15× its 30-day average.
Not just active… it’s also leading the market by traded value.

ositadima1:
Lol, which part is imagination? And yes, it can happen to any stock, but some stocks are more prone to it when current news and events are unfavorable.

I attached the GTCO chart, look at the drop inside the box (ignore my poor drawing skills). It looks small now after the recovery and subsequent trend, but at the time many people here were complaining until whoever was selling had exhausted their supply.

Since you agreed with me then no more argument.

SonofElElyonRet:
O da. Dey follow me drag

Happy Xmas.
Don't forget to keep my share of chicken and rice.
I no dey drink too much alcohol so you would not spend too much.

mikeapollo:
Na wa oo. Every man to his kettle.
Which ''bag'' First Bank get wey other stocks like Oando or Ellah no get?
I wish everybody in every stocks the best of luck

Let me approach Oando purely from a technical and participation-based perspective, setting fundamentals aside.

Price discovery primarily occurs within the tradable supply (float), as the majority of outstanding shares are held by long-term or strategic holders who rarely transact. For analytical purposes, I approximate the effective float at 25% of shares outstanding, which I believe is a reasonable proxy based on observed ownership stability over time.

Starting from the most recent trading session, I accumulated traded volume backward until cumulative volume exceeded this estimated float, marking one full participation cycle. This cycle began on 31-07-2024. Within this window, price ranged between a high of ₦98.4 and a low of ₦22.5.

Importantly, approximately 91.7% of all volume during this cycle occurred above ₦38. Only about 8.3% of the estimated float (float is roughly 3.1 billion shares) was transacted below that level. This suggests that the overwhelming majority of current participants have cost bases above ₦38 ( a lot of buyers are underwater).

Under unchanged conditions and assuming no intervention by large or strategic holders, this distribution implies that incremental downside pressure from existing participants should diminish as price moves lower. In that sense, downside risk from current levels appears structurally reduced relative to upside.

This analysis does not predict a bottom, nor does it imply immediate reversal. It simply characterizes the current inventory structure. Any accumulation or averaging decision should be contingent on clear evidence of demand returning, not on inventory exhaustion alone.

This is a numerical, participation-based observation, not a fundamental call.

mikeapollo:
Happy Xmas.
Don't forget to keep my share of chicken and rice.
I no dey drink too much alcohol so you would not spend too much.

I be teetotaller and I no dey buy alcohol for person..

Meanwhile take this season's gift just seen on nairametrics

The Federal Inland Revenue Service (FIRS) has declared that the National Identification Number issued by the National Identity Management Commission (NIMC) has now automatically become a Tax ID for individual Nigerians.

The Service announced this in a public awareness campaign on the new tax laws posted on X on Monday.

For registered businesses, the FIRS said their RC number issued by the Corporate Affairs Commission (CAC) automatically becomes their tax ID under the new tax system.

This declaration comes amidst concerns over a provision of the tax laws mandating Tax ID for bank account ownership

Seplat reporting successful completion of some assets to PML. on over 40k boepd.

Q1 should be sweet!

Go and search for coronation investment on Google. Start from their basic lessons into Nigeria NGX

quote author=Rareoil post=137881292]

lol atleast tell me, how i can start[/quote]

My recommendation for this week.


https://www.youtube.com/watch?v=IioAtJ5Y34s

SonofElElyonRet:
I be teetotaller and I no dey buy alcohol for person..

Meanwhile take this season's gift just seen on nairametrics

The Federal Inland Revenue Service (FIRS) has declared that the National Identification Number issued by the National Identity Management Commission (NIMC) has now automatically become a Tax ID for individual Nigerians.

The Service announced this in a public awareness campaign on the new tax laws posted on X on Monday.

For registered businesses, the FIRS said their RC number issued by the Corporate Affairs Commission (CAC) automatically becomes their tax ID under the new tax system.

This declaration comes amidst concerns over a provision of the tax laws mandating Tax ID for bank account ownership

Ok, I no dey drink alcohol again. I go manage fruit juice and non-alcoholic wine.

If this FIRS NIN matter is geared towards the CGT, it still would not work.!

Index at 153k.

Some people(Agba) will buy this market at 250k next year

awesomeJ:
Seplat reporting successful completion of some assets to PML. on over 40k boepd.

Q1 should be sweet!

Dangote Refinery may rival or outperform SEPLAT if they pay also dividends in USD as announced by Alhaji.

awesomeJ:
Index at 153k.

Some people(Agba) will buy this market at 250k next year

Brotherly, I'm trying to diversify into poultry next year, I sincerely wished you can offer some help in that regard, you can probably send me your mail so that I can message you privately regarding the areas I need help.

Thanks.

mikeapollo:
Dangote Refinery may rival or outperform SEPLAT if they pay also dividends in USD as announced by Alhaji.

not likely.

one has a slim margin, the other has a bigger margin which has just gotten even bigger now.

SEPLAT can make close to $50 gross earnings per barrel, the refinery? maybe less than $10.

There are other dynamics like refinery making money whether the oil market is bullish or bearish (if they manage their inventory well)

awesomeJ:
not likely.

one has a slim margin, the other has a bigger margin which has just gotten even bigger now.

SEPLAT can make close to $50 gross earnings per barrel, the refinery? maybe less than $10.

There are other dynamics like refinery making money whether the oil market is bullish or bearish (if they manage their inventory well)

You forgot that one enjoys almost a monopoly status in Nigeria and the whole of west Africa. A fall in global oil price may affect SEPLAT, while DR can always adjust its prices to make required margins and stay afloat. What may affect DR is that the IPO may lead to a large OS, which would affect performance metrics per share, and hence valuation(prices etc.

awesomeJ:
Index at 153k.

Some people(Agba) will buy this market at 250k next year

Lol dangerously hanging

Stock prices better add something before second week of January otherwise where dem go land in February no go funny

mikeapollo:
You forgot that one enjoys almost a monopoly status in Nigeria and the whole of west Africa. A fall in global oil price may affect SEPLAT, while DR can always adjust its prices to make required margins and stay afloat. What may affect DR is that the IPO may lead to a large OS, which may affect performance metrics per share, and valuation(prices etc.

You think seplat is struggling to get buyers? Do you know how much of their production is already pledged to Exxon?

You tell monopoly story in a context where it matters? what's the business of a company whose future productions are already sold with whether another player enjoys monopoly.

If you're a refinery with 20m of crude in inventory, a $10 fall in crude prices will eatly badly into your already slim margins, may even push you to a loss for the quarter.

Your perspectives are valid though, you can make your investment decisions based on them

crownprince2017:
Brotherly, I'm trying to diversify into poultry next year, I sincerely wished you can offer some help in that regard, you can probably send me your mail so that I can message you privately regarding the areas I need help.

Thanks.

You meant to quote someone else?

Agbalowomeri:
Lol dangerously hanging

Stock prices better add something before second week of January otherwise where dem go land in February no go funny

Market that could hit 180k in January solely on basis of news of CGT suspension

Agbalowomeri:
I am hoping that Gina hasn't sold First bank already

I don sell o 50% for this Tinubu NGX Kon hard to come by . I say make I grab the one wey I fit

awesomeJ:
Market that could hit 180k in January solely on basis of news of CGT suspension

you gerrit..

Momentum is there.
Market just needs a general wild trigger