₦airaland Forum

nosa2:
Una get money for this place oh. Bros make I send aza?

The average portfolio size here is perhaps N500m.

My current portfolio is less than that.

Something never ceases to amaze me:

Why guys like you with portfolios in billions or at least hundreds of millions will see 200k as money when it shoould simply be a rounding error on your account.

I just don't understand.

The least amount that should even make you guys think of figures being brandished should be at least tens of millions.

I just never understand.

Just like at my current portfolio level, someone mentioning 20k wouldn't be a relevant amount to me.

awesomeJ:
Someone has been consistently trying to buy a 1m units of a N2270 at N2497 and you think they agree with you that it's overpriced?

When you see a stock on heavy full bid with no one willing to sell, consistently for more than 1 year, what it means is that it's underpriced in your market. Why you would think otherwise is strange.

@KarlTom

It simply means na institutional investors dey hold am. Retail investors buy and sell over- or underpriced stocks everyday

awesomeJ:
The average portfolio size here is perhaps N500m.

My current portfolio is less than that.

Something never ceases to amaze me:

Why guys like you with portfolios in billions or at least hundreds of millions will see 200k as money when it shoould simply be a rounding error on your account.

I just don't understand.

The least amount that should even make you guys think of figures being brandished should be at least tens of millions.

I just never understand.

Just like at my current portfolio level, someone mentioning 20k wouldn't be a relevant amount to me.

You need to buy some sense of humour from the market. It's not overpriced

awesomeJ:
The average portfolio size here is perhaps N500m.

My current portfolio is less than that.

Something never ceases to amaze me:

Why guys like you with portfolios in billions or at least hundreds of millions will see 200k as money when it shoould simply be a rounding error on your account.

I just don't understand.

The least amount that should even make you guys think of figures being brandished should be at least tens of millions.

I just never understand.

Just like at my current portfolio level, someone mentioning 20k wouldn't be a relevant amount to me.

Guy, no go believe enter bush oh!!

Anyway all this your talk na to deflect from the main matter...MAKE I SEND AZA

KarlTom:
With the >4000 units traded?

Seplat don move

Dey wait for another 10 pecent

Agbalowomeri:
It simply means na institutional investors dey hold am. Retail investors buy and sell over- or underpriced stocks everyday

It also just means NGX is not efficient enough to facilitate free trade flows in the market.

A stock like Airtel should be doing N2bn in daily trades easily. That's over N500bn in a year.

And N1.5bn in potential fees to the NGX, even the shareholders should raise this matter.

And it's not just Airtel alone, it has happened to almost every stock worth above N500 at some point.

Agbalowomeri:
You need to buy some sense of humour from the market. It's not overpriced

The sellers of the humor should add emoji labels so we can see the wares more easily na.

Like 😁😁😁
Or even just 😁

awesomeJ:
The sellers of the humor should add emoji labels so we can see the wares more easily na.

Like 😁😁😁
Or even just 😁

no vex but I was serious on the aza matter oh

nosa2:
Guy, no go believe enter bush oh!!

Anyway all this your talk na to deflect from the main matter...MAKE I SEND AZA

I prefer to believe that.

Only short sighted people would prefer to believe a smaller figure and then start thinking they've arrived when their portfolio hits N50m.

With my thinking, even at N200m , I know i'm only just starting cos I need to catch Agba before he reaches N10bn.

That thinking only helps me stay motivated, why do you think there's a downside to it?

There are people who feel intimidated or get jealous when they realize that people here have portfolios over N50bn.

I'm not one of such people, I don't suffer from such foolishness.

If pa Emma reads that someone here has N50bn, don't you think he will realize he still need to grow his current N5bn portfolio?

awesomeJ:
I prefer to believe that.

Only short sighted people would prefer to believe a smaller figure and then start thinking they've arrived when their portfolio hits N50m.

With my thinking, even at N200m , I know i'm only just starting cos I need to catch Agba before he reaches N10bn.

That thinking only helps me stay motivated, why do you think there's a downside to it?

There are people who feel intimidated or get jealous when they realize that people here have portfolios over N50bn.

I'm not one of such people, I don't suffer from such foolishness.

If pa Emma reads that someone here has N50bn, don't you think he will realize he still need to grow his current N5bn portfolio?

All this one na story.... Make I send Aza

Willie2015:
Seplat don move

Dey wait for another 10 pecent

It's currently at 280p in London.
Consider that while you're waiting.

If SEPLAT does another 10% to 6800, it will likely get into another extended period of illiquidity (full offers)

nosa2:
All this one na story.... Make I send Aza

Send your aza for what?

It makes no sense that you would expect me to gift you. Since you have much more than you need.

Except it's another humour and you forgot to add the emoji 😁

awesomeJ:
Send your aza for what?

It makes no sense that you would expect me to gift you. Since you have much more than you need.

Except it's another humour and you forgot to add the emoji 😁

You don carry the matter enter another level.

Please house help me clarify.

Assume I have $1500 in dorm account and it's been there for some years.

Now I want to convert it to Naira to buy stocks or invest in bonds or treasury bills.

If I convert it, will I have to pay capital gains tax?

Also, this $$$ wasn't bought with Naira. Some came from freelance and others through gift from clients.

If I'm to pay CGT, how do I determine what exchange rate to use etc?

I'm wondering if the Naira that will be paid for the dollars will be treated as income hence the taxing.

Mind you, I have been investing in USD fixed deposit for some years and they charge witholding tax normal.

Please help out thanks.

awesomeJ:
It's currently at 280p in London.
Consider that while you're waiting.

If SEPLAT does another 10% to 6800, it will likely get into another extended period of illiquidity (full offers)

Maybe yes, maybe note. Until we get Elumelu's motives and future actions, we may not know. Elumelu may want to increase his stake from just 20%

awesomeJ:
It also just means NGX is not efficient enough to facilitate free trade flows in the market.

A stock like Airtel should be doing N2bn in daily trades easily. That's over N500bn in a year.

And N1.5bn in potential fees to the NGX, even the shareholders should raise this matter.

And it's not just Airtel alone, it has happened to almost every stock worth above N500 at some point.

Na now you just dey talk
The shareholders should find a solution
That's why some shareholders would mandate a stock split

awesomeJ:
It's currently at 280p in London.
Consider that while you're waiting.

If SEPLAT does another 10% to 6800, it will likely get into another extended period of illiquidity (full offers)

Why u dey worry ?

It will do another 10 percent...

Na village people dey move am...

Na dem go still drop am back.....

I still get am for lse

awesomeJ:
I prefer to believe that.

Only short sighted people would prefer to believe a smaller figure and then start thinking they've arrived when their portfolio hits N50m.

With my thinking, even at N200m , I know i'm only just starting cos I need to catch Agba before he reaches N10bn.

That thinking only helps me stay motivated, why do you think there's a downside to it?

There are people who feel intimidated or get jealous when they realize that people here have portfolios over N50bn.

I'm not one of such people, I don't suffer from such foolishness.

If pa Emma reads that someone here has N50bn, don't you think he will realize he still need to grow his current N5bn portfolio?

He already has 7B

Mpeace:
Maybe yes, maybe note. Until we get Elumelu's motives and future actions, we may not know. Elumelu may want to increase his stake from just 20%

Elumelu wey wan takeover controlling interest

nosa2:
You don carry the matter enter another level.

Dem say you get much more than you need boss. So do giveaway

Joyful365:
Please house help me clarify.

Assume I have $1500 in dorm account and it's been there for some years.

Now I want to convert it to Naira to buy stocks or invest in bonds or treasury bills.

If I convert it, will I have to pay capital gains tax?

Also, this $$$ wasn't bought with Naira. Some came from freelance and others through gift from clients.

If I'm to pay CGT, how do I determine what exchange rate to use etc?

I'm wondering if the Naira that will be paid for the dollars will be treated as income hence the taxing.

Mind you, I have been investing in USD fixed deposit for some years and they charge witholding tax normal.

Please help out thanks.

Currency gains are not capital gains

Agbalowomeri:
Dem say you get much more than you need boss. So do giveaway

My pastor don say make I no dey deny these prophesies. Amen oh!!!

Mpeace:
Maybe yes, maybe note. Until we get Elumelu's motives and future actions, we may not know. Elumelu may want to increase his stake from just 20%

Yes.

My comment was skewed by my short term mind.

It's complicated irrelevant to long termers.

Thanks for the balance.

TARGET TECHNICAL CLOSING COMMENT ON TODAY CLOSING FIGURES
Not a bad day. The Index closed within the expected range. Less sectors closed in red compared with yesterday.

Agbalowomeri:
Na now you just dey talk
The shareholders should find a solution
That's why some shareholders would mandate a stock split

If you understood the problem you would know stock split doesn't change anything.

If you split the stock from 2270 to 227, would that fix the issue of the same 227 stock selling for 700 in London?

But since you only trade one a year, you wouldn't understand these dynamics.

Willie2015:
Why u dey worry ?

It will do another 10 percent...

Na village people dey move am...

Na dem go still drop am back.....

I still get am for lse

Don't mind me. I spoke as a trader.

Hello house, I am having issues with Meristem Stockbrokers Limited over a transaction and the person I am chatting with has been very slow to respond. Can anyone share number i can call. Thank you

Agbalowomeri:
Currency gains are not capital gains

I would appreciate more clarity sir. I have tried to research but all results I'm getting is saying cgt will be paid based on acquisition cost and sales value which is confusing.

I have gone through the tax act but what is written there talks about item denominated in foreign currency which doesn't apply here.

I don't want to take decision only to later have issue with the tax people

awesomeJ:
I prefer to believe that.

Only short sighted people would prefer to believe a smaller figure and then start thinking they've arrived when their portfolio hits N50m.

With my thinking, even at N200m , I know i'm only just starting cos I need to catch Agba before he reaches N10bn.

That thinking only helps me stay motivated, why do you think there's a downside to it?

There are people who feel intimidated or get jealous when they realize that people here have portfolios over N50bn.

I'm not one of such people, I don't suffer from such foolishness.

If pa Emma reads that someone here has N50bn, don't you think he will realize he still need to grow his current N5bn portfolio?

The way u dey call the money here.No make taiwo begin look for members of this thread..lol.

Joyful365:
I would appreciate more clarity sir. I have tried to research but all results I'm getting is saying cgt will be paid based on acquisition cost and sales value which is confusing.

I have gone through the tax act but what is written there talks about item denominated in foreign currency which doesn't apply here.

I don't want to take decision only to later have issue with the tax people

You don't pay CGT when you change money from one currency to the other or makes deposit for shares.
You will only pay CGT when you buy shares and the price appreciates and you sell without reinvesting to buy another shares., that is why you have the acquisition cost and sales value

Streetinvestor2:
The way u dey call the money here.No make taiwo begin look for members of this thread..lol.

They can't task portfolio size na.

Based on the tax law, Agba with N5bn may pay less taxes than someone with a N20m portfolio.

awesomeJ:
If you understood the problem you would know stock split doesn't change anything.

If you split the stock from 2270 to 227, would that fix the issue of the same 227 stock selling for 700 in London?

But since you only trade one a year, you wouldn't understand these dynamics.

I think it could help half way.The majority or big holder who wants to move the stock at 100k rule will have to sacrifice not that kind big loss again. if what he wants to gain in future is large.Thereby creating liquidity as the gap closes which will equally attract other holders to close the gap more.i hope I am making sense. The sacrifice can easily go round to close the gap even from traders like u