₦airaland Forum

iHaveMadeiT2:
That's the contradiction because it has resisted the sell mode of participants of the RI from when the price was below 3. Now price is approaching 5.

Agbalowomeri:
Omo dollar below 1400

Pound and Euro holding firm though

BabsO2:
Correct observation.

Going forwards, If the results turnaround steadily towards growth, with dividends streaming as promised in the rights marketing, the price will continue to resist falling.

yMcy56:
I don't always like to give answer to this type of question because there's no one way answer to it and it can sometimes send wrong signal........whereas, other factors could be responsible for the activities around it.

However, as someone mentioned up there, RI sellers, if that's the situation of things, then I'll sell to come back later......

I'll also sell because we are in the earning season and dividend investors may be eyeing dividend payers around this time.

Like I said, there may be twist or exceptions to anything at any time.....e.g. what if CHAMS plans to commence dividend payment too....😊

mikeapollo:
@Megawealth is a gem and very helpful on this forum; his stock picks have been goldmines that should enrich a lot of people here on NSEMPA.
He recommended Deapcap at around N1,00. His track record made me do some checks on the stock, bought some units at N1.70 but sold off when I needed cash. Somehow the price rally started 4 days after I sold off. I had to buy back at N3.99 and it's now moving towards the N10-N15 range.
In the last 1 year, he has recommended stocks that have yielded 100% gains and more: Cadbury, PZ, Universal, NB, Tantalizers, Deapcap, etc.
Unity Bank is next on the line

emmanuelewumi:
Vitafoam Q1 result

unite4real:
This one should do N150 easily

yMcy56:
It's the activities of profit takers....
Many bought below 20
Did you buy at high price?
If you're a long termer, you could wait it out..
If the positive momentum continues, it will pick back.....
TA experts could assist here ..
Though not the TA gurus like Agba o, he's been bearish even when the bull persists in the market.....😁

emmanuelewumi:
Vitafoam Q1 result

iHaveMadeiT2:
Same here. Bought Deapcap but sold early (with 50% profit) because I needed cash to invest in a physical business. The irony is that the physical business has not yielded any significant profit. But hope dey.

emmanuelewumi:
Vitafoam Q1 result

chimex38:
https://businesspost.ng/jobs/mtn-ceo-ralph-mupita-joins-dangote-fertiliser-board-as-ipo-plans-pick-up/

Kaczynski:
I wouldn't buy this even in my dreams .

Stockpromoter:
MUTUAL BENEFIT, AIICO & ROYALEX – INSURANCE WINNERS TO WATCH
🔵 Mutual Benefit Assurance Plc
Mutual Benefit is no longer just an insurance company.
Invested $64 million (₦96bn) in a producing oil asset
This gives the company dollar income and protection against naira weakness
Already exceeded recapitalisation requirements long before the June deadline
No need for emergency fund raising or dilution
The company is now focusing on:
Retail insurance, which is still largely untapped in Nigeria
Regional growth, with Niger Republic subsidiary now the 2nd largest insurer
📈 Bottom line:
Mutual Benefit is strong, diversified, and undervalued.
It has clear potential for major price re-rating going forward.
🟢 AIICO Insurance
AIICO remains one of the most stable insurance stocks on the NGX.
Strong position in Life insurance
Improved earnings and balance sheet
Better governance and consistency
📈 Bottom line:
AIICO is a solid long-term insurance play and should benefit from sector re-rating after recapitalisation.
🔴 Royal Exchange (ROYALEX)
Royalex is the turnaround stock.
Ongoing restructuring
Strategic investor interest
Improving balance sheet
Very cheap price gives high upside
📈 Bottom line:
Royalex is a patience stock with strong speculative upside.
Once restructuring is fully priced in, it can surprise positively.

chimex38:
Maka why?

Kaczynski:
Boomer stock

Kesta22:
Presco, Aradel and bua foods which one is good to invest in?

Kaczynski:
Boomer stock

naturalflow:
You rated presco ahead of aradel? Incredible!