₦airaland Forum

KarlTom:
Why are you comparing gold with brass

I wasn't.

I'm only saying the fact that news of suspension could trip its run indicates shallowness inherent in the run.

$1.8bn of actual gold reserves would have made it a well grounded run.

SohSoh:
How much did the Zichis insiders pay for those headlines? Nairametrics.com

​It is deeply disappointing to see a premier financial news platform(Nairametrics.com
)
report on the "strong market activity" and "full bids" of Zichis Agro-Allied

Nairametrics has officially abdicated its role as a financial monitor. Your Zichis 'analysis' was nothing more than a paid PR script for insiders.

Shame on you nairametrics.com

reporting the "hype" when it served the insiders, and then reporting the "suspension" as breaking news without acknowledging that your previous "analysis" helped lead people into the trap.

Shame! Shame!! Shame!!! Shame on you nairametrics.com

Zichis committed no known market infraction. Manipulation is a vague nothingness.
The crazy bull-run was driven by the market forces of demand and supply.
The Zichists didn't cause the madness in the head of Zichis bidders.

What regulator should do is to enforce strictly the timely filing of quarterly results so that those who want to buy Zichis at the price of Preskomu will see clearly the difference in their financials.

PuristForest:
japaul is going to 12

Ohh now that you've been able to get some units today is no longer 3.75 again..una no go kill me with this una Analysis sef

A new entrant…


AIICO

Yoursfaithful:
Ohh now that you've been able to get some units today is no longer 3.75 again..una no go kill me with this una Analysis sef

Both prices can be hit. Maybe months apart, maybe decades apart.

I consulted my oracle once again today after i noticed Okomu jumped to another all time high.....here is what it has to say


That is the beauty of the NGX—when it rallies, it moves fast! Okomu Oil hitting its 10% daily limit (jumping from ₦1,459 to ₦1,605.60) is a massive win for your portfolio.
​However, as your advisor, I need to point out that this 10% gain actually strengthens the argument for trimming. Here is why:
​1. The "Greed vs. Strategy" Trap
​The extra ₦_-_k you made today is "unrealized." In the stock market, you haven't actually made that money until you sell. Okomu is now trading at an All-Time High. When a stock hits its daily 10% cap, it often signals one of two things:
​The Good: A massive institutional buyer is moving in.
​The Warning: The stock is becoming "overextended" and a correction (pullback) is imminent as other investors start taking their profits.
​2. Updated Math on your 15% Trim
​Because the price jumped, your "15% harvest" is now worth even more cash:
​Okomu Current Price: ₦1,605.60
​15% of your _00 shares: .0. shares
​New Sale Value: ₦_-_ (This is ₦_-_k more than yesterday!)
​Realized Profit: ₦_-_ (on just this one stock)
​3. The "Free Money" Perspective
​Think of it this way: You were ready to sell at ₦1,459. The market just gave you a gift of ₦_-_ extra for waiting 24 hours.
​My Advice: Don't let "greed" make you wait for another 10%. If Okomu drops back to ₦1,450 tomorrow, today’s ₦_-_ gain disappears. By selling 15% now, you "lock in" this lucky jump and still keep _- shares to enjoy any future rallies.
​4. Market Context (The NGX "Yellow Flag"
​The NGX Regulation (NGX RegCo) actually issued an advisory today (Feb 23, 2026) warning investors to focus on "fundamentals, not hype" because of these sudden 10% jumps in certain stocks. They are watching for volatility.
​Your New Action Plan (Corrected for Today's Jump)
​Sell _-shares of Okomu at ₦1,605: Lock in that "bonus" ₦__ gain immediately.
​Sell _- shares of MTN: Lock in the gains there while it's still near ₦780.
​Total Cash Realized: Approx ₦_-.
​The Win: You now have ₦_- in cash, and the remaining ₦_-+ in your portfolio is still there to catch the dividends.

Now you are missing it.

The rally was not because the gold was just discovered. Rather it's the commissioning of the gold processing plant + the timeline for commercial production.

Like I said previously, I'm in it for JIJO until fundamentals change...

PS: the bolded is INFERRED resources NOT reserves

awesomeJ:
I wasn't.

I'm only saying the fact that news of suspension could trip its run indicates shallowness inherent in the run.

$1.8bn of actual gold reserves would have made it a well grounded run.

Your assessment is not very fair.
The rally is premised on the released coorporate action signaling the commenecement of gold mining SCHEDULED TO BEGIN AT A LATER DATE. So, it is speculative at best because "what if it does not happen?" or "if there is a shift in the announced date?". It was never a case of whether the gold reserve is 'not well grounded'.
In addition to the events of Ellah failure and Zichis suspension, there was a press release by the regulators warning investors about rising prices of some stocks. There was no way a speculative rally could have survived these combos. Japaul closing in the green today is an indication that people have some level of hope that they will have their first gold pour soon as envisaged. If the MM can put in a little effort to help stabilize the price tomorrow, I see the rally resuming.

awesomeJ:
I wasn't.

I'm only saying the fact that news of suspension could trip its run indicates shallowness inherent in the run.

$1.8bn of actual gold reserves would have made it a well grounded run.

emmanuelewumi:
The main business is Poultry farm, the others are new and probably advised by the people who packaged them for listing in order to justify the premium added to the valuation by the time it will be listed.

As a matter of fact it is still on the growth section of NGX and still has to grow in order to be promoted to the main board of NGX

I don't think listing by introduction is the problem.
We have had many stocks in recent times moving in price with no justifiable fundamentals.
NCR, MECURE, DEAP CAPITAL, FTN among others.
What is needed is clear rules and strict enforcement.

Let's wait until JAPAUL gets a CPR for the explored gold.

I want to check something. Until then, let's keep the JIJO alive...

KarlTom:
Now you are missing it.

The rally was not because the gold was just discovered. Rather it's the commissioning of the gold processing plant + the timeline for commercial production.

Like I said previously, I'm in it for JIJO until fundamentals change...

PS: the bolded is INFERRED resources NOT reserves

It has to be you who is missing it, unless you can point me to an announcement that the gold processing plant has been decommissioned or that the timeline has been changed.

GeeKudi:
Your assessment is not very fair.
The rally is premised on the released coorporate action signaling the commenecement of gold mining SCHEDULED TO BEGIN AT A LATER DATE. So, it is speculative at best because "what if it does not happen?" or "if there is a shift in the announced date?". It was never a case of whether the gold reserve is 'not well grounded'.
In addition to the events of Ellah failure and Zichis suspension, there was a press release by the regulators warning investors about rising prices of some stocks. There was no way a speculative rally could have survived these combos. Japaul closing in the green today is an indication that people have some level of hope that they will have their first gold pour soon as envisaged. If the MM can put in a little effort to help stabilize the price tomorrow, I see the rally resuming.

When you call it a speculative rally, aren't you exactly making my point??

Fapemz:
I consulted my oracle once again today after i noticed Okomu jumped to another all time high.....here is what it has to say


That is the beauty of the NGX—when it rallies, it moves fast! Okomu Oil hitting its 10% daily limit (jumping from ₦1,459 to ₦1,605.60) is a massive win for your portfolio.
​However, as your advisor, I need to point out that this 10% gain actually strengthens the argument for trimming. Here is why:
​1. The "Greed vs. Strategy" Trap
​The extra ₦_-_k you made today is "unrealized." In the stock market, you haven't actually made that money until you sell. Okomu is now trading at an All-Time High. When a stock hits its daily 10% cap, it often signals one of two things:
​The Good: A massive institutional buyer is moving in.
​The Warning: The stock is becoming "overextended" and a correction (pullback) is imminent as other investors start taking their profits.
​2. Updated Math on your 15% Trim
​Because the price jumped, your "15% harvest" is now worth even more cash:
​Okomu Current Price: ₦1,605.60
​15% of your _00 shares: .0. shares
​New Sale Value: ₦_-_ (This is ₦_-_k more than yesterday!)
​Realized Profit: ₦_-_ (on just this one stock)
​3. The "Free Money" Perspective
​Think of it this way: You were ready to sell at ₦1,459. The market just gave you a gift of ₦_-_ extra for waiting 24 hours.
​My Advice: Don't let "greed" make you wait for another 10%. If Okomu drops back to ₦1,450 tomorrow, today’s ₦_-_ gain disappears. By selling 15% now, you "lock in" this lucky jump and still keep _- shares to enjoy any future rallies.
​4. Market Context (The NGX "Yellow Flag"
​The NGX Regulation (NGX RegCo) actually issued an advisory today (Feb 23, 2026) warning investors to focus on "fundamentals, not hype" because of these sudden 10% jumps in certain stocks. They are watching for volatility.
​Your New Action Plan (Corrected for Today's Jump)
​Sell _-shares of Okomu at ₦1,605: Lock in that "bonus" ₦__ gain immediately.
​Sell _- shares of MTN: Lock in the gains there while it's still near ₦780.
​Total Cash Realized: Approx ₦_-.
​The Win: You now have ₦_- in cash, and the remaining ₦_-+ in your portfolio is still there to catch the dividends.

Who be this one again, u be herbalist?

Abi na sboga..

pluto09:
I don't think listing by introduction is the problem.
We have had many stocks in recent times moving in price with no justifiable fundamentals.
NCR, MECURE, DEAP CAPITAL, FTN among others.
What is needed is clear rules and strict enforcement.

They should be careful with over regulation that will drain liquidity sha.

Cos there's still a situation with Airtelafri that they've failed to address. Let them not add to it.

Exactly. I didn't sell from my main account today at all, but I made about 12% day trading the stock on my jijo account.

KarlTom:
Let's wait until JAPAUL gets a CPR for the explored gold.

I want to check something. Until then, let's keep the JIJO alive...

Explain . Is it a buy Recommendations.
Your advice has been a source of excellent Capital appreciation.

aj8:
A new entrant…


AIICO

The rally is speculative for obvious reasons of which the veracity of their gold reserve is not part. The cause of panic sell by investors today is also extraneous.

awesomeJ:
When you call it a speculative rally, aren't you exactly making my point??

GeeKudi:
The rally is speculative for obvious reasons of which the veracity of their gold reserve is not part. The cause of panic sell by investors today is also extraneous.

We're saying the same thing.

Abeg make Ellah drop to N2 make I enter again

zendi:
Here is the handsome happy face.

I said or meant or implied that Ellah will head back to the moon when it bottoms and becomes sexy to re-enter again.

Didn't say any should go and catch a falling knife.

There was a PO fail, but the downfall of a man is not the end of his life.

The APRN acquisition deal remains on course, among other positives .

pluto09:
I don't think listing by introduction is the problem.
We have had many stocks in recent times moving in price with no justifiable fundamentals.
NCR, MECURE, DEAP CAPITAL, FTN among others.
What is needed is clear rules and strict enforcement.

You don't get it?
Listing by instroduction gives room for people to manipulate stocks trade volumes and prices, like we witnessed in Zichis.
But it does not mean that every other company that listed by introduction did the same thing. No all companies are the same.
The point is: block the loophole that is being abused (listing by introduction), and adopt the one that gives everybody a level playing ground with equal opportunity e.g. IPO or offer for sale.
No matter the rules, listing by introduction may not be as transparent as IPO and offer for sale

mikeapollo:
You don't get it?
Listing by instroduction gives room for people to manipulate stocks trade volumes and prices, like we witnessed in Zichis.
But it does not mean that every other company that listed by introduction did the same thing. No all companies are the same.
The point is: block the loophole that is being abused (listing by introduction), and adopt the one that gives everybody a level playing ground with equal opportunity e.g. IPO or offer for sale.
No matter the rules, listing by introduction may not be as transparent as IPO and offer for sale

What gave people the opportunity to manipulate the share price of NCR

pluto09:
What gave people the opportunity to manipulate the share price of NCR

Great question 💯

TRANSCORP PLC

Transcorp is basically a power company wearing a conglomerate's suit. 87% of revenue comes from electricity generation, the Transcorp Hilton and hotel portfolio make up most of the rest. Simple business, exceptional economics. The 9-month numbers to September 2025 don't lie ₦413 billion in revenue up 39% year on year, operating margin of 33%, net profit of ₦91 billion. These are world-class margins for any business, let alone a Nigerian one.

ROIC is sitting at ~35% against a WACC of around 23% in the upside scenario. That 12-point spread means every naira reinvested is creating real value on top of its cost. You don't get numbers like that without a genuine moat.

Free cash flow looks terrible because NBET, the government electricity buyer, owes Transcorp ₦477 billion in unpaid bills. That number went from ₦321 billion to ₦477 billion in just six months. The profit is real, the electricity was generated and delivered, the cash is just stuck in a government IOU. That's the entire bear case in one sentence.

Run the DCF with NBET collections gradually improving and the naira holding steady and you get an intrinsic value of ₦58 to ₦72 per share. At the current price of ₦52.90 you are still buying below fair value on a business trading at under 6x earnings with 35% ROIC and a dominant position in a country with chronic power shortages.

The risks are real, NBET default on those receivables, another naira devaluation, or a government tariff freeze would all hurt. But those risks are largely why it trades this cheap. World-class business, temporarily broken cash conversion, priced like it's in trouble. If Nigeria's reform momentum holds, the margin of safety is still very much there at ₦52.90. Do your own research.

Numbers first, narratives later.
-- ositadima1

zendi:
Zichis committed no known market infraction. Manipulation is a vague nothingness.
The crazy bull-run was driven by the market forces of demand and supply.
The Zichists didn't cause the madness in the head of Zichis bidders.

What regulator should do is to enforce strictly the timely filing of quarterly results so that those who want to buy Zichis at the price of Preskomu will see clearly the difference in their financials.

Na them!

At this rate Pension Index can do 100% or even more than year

pluto09:
What gave people the opportunity to manipulate the share price of NCR

Did NCR make over 700% in a month?

This one don come with another unfounded cho cho cho.... you didn't see the price fixing.... all this investor wey no dey read .. and you think you know better than the regulators...

zendi:
Zichis committed no known market infraction. Manipulation is a vague nothingness.
The crazy bull-run was driven by the market forces of demand and supply.
The Zichists didn't cause the madness in the head of Zichis bidders.

What regulator should do is to enforce strictly the timely filing of quarterly results so that those who want to buy Zichis at the price of Preskomu will see clearly the difference in their financials.

Zichis no sabi the game and they didn't calm down to learn it so they got what they deserved

SohSoh:
This one don come with another unfounded cho cho cho.... you didn't see the price fixing.... all this investor wey no dey read .. and you think you know better than the regulators...

Yeah... it was broad day light robbery.... everyday since listing... all the orders are +10%... and at the end of the day... only about 10 orders are filled or even less.... when legend Internet listed i was able to buy the shares on day 2.. but zichis was purely price fixing

megawealth01:
Zichis no sabi the game and they didn't calm down to learn it so try got what they deserved

SohSoh:
Yeah... it was broad day light robbery.... everyday since listing... all the orders are +10%... and at the end of the day... only about 10 orders are filled or even less....

Suspension is even a kind act... SEC should have done more sef

I have seen people on social media and even Northern brothers becoming interested in Ngx. People have been posting their buy screenshot.

It is obvious the retails are here in large numbers. Is there any chance that we are close to the top?

Now, market needs to retreat.
Asi should go back below 185k before end Q1.