₦airaland Forum

megawealth01:
GTB at 10 haaaaaaaa

megawealth01:
It's called "Oju Aye"

Valthegreat:
Thanks to SEC and NGX for restoring the confidence of investors if not people like me would have started seeing NGX as another ponzi scheme.

awesomeJ:
Base valuation in any market is an earnings multiple X, X being the risk free rate.

risk free rate in Nigeria is about 20%, fair valuation is 5x.

In New York, rates are around 5%, 20x valuation is fair there.

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.... when legend Internet listed i was able to buy the shares on day 2.. but zichis was purely price fixing

Yoursfaithful:
As in seriously..because its now looking like such to me.. as if its not the same ngx we knew back then

deathwing:
Medicine after death from ZICHIS

thebargainhunte:
Stock is speculative in nature, even the so called fundamentals are still speculative. If you are in doubt, just one bad news about Nigeria could send Gtco to N10 without minding the fundamentals. It is not their fault that they wanted to cash out big time since bids kept on coming even at a very high price. Value is partially subjective, I can't buy Okomuoil and Presco at their price, but some will buy. Why is Presco trading above N2,000? I know you would answer the sector and their fundamentals, but I tell you, there is no system that says when you have these fundamentals, your stock price should be above N2,000 if not speculation.

chimex38:
Thanks for your contribution though, but to understand you clearer,
Do you mean:
in Nigeria, company valuations are averagely 5 times risk free rate(5 x 20)
and
In New York, company Valuations are averagely 20times Risk Free-Rate (20 x 5)
?

Roughly same face value?

megawealth01:
GTB at 10 haaaaaaaa

Mpeace:
Despite everything, Ellah is not giving up.
https://businessday.ng/companies/article/ellah-lakes-targets-q1-for-arpn-acquisition-deal/

Mpeace:
Despite everything, Ellah is not giving up.
https://businessday.ng/companies/article/ellah-lakes-targets-q1-for-arpn-acquisition-deal/

ppogba:
Very little has changed my guy.

There are still some shares that are adding weight without next to nothing to justify it.

Until anyone can convince me what fundamentals are driving:

DAAR
ABC TRANSPORT
RT BRISCOE
FTN COCOA

then, I will believe that the days of the great OLOLO are actually gone on the NGX

awesomeJ:
Yes sir.
Those multiples are what are considered fair before any premium is added based on sentiments or future potentials.

awesomeJ:
When you see 96k deals in a single session, you know it's time to turn down the thermostat a bit.

chimex38:
Tantalizer and NPF Microfinance kollect warnings as well.
NgxRegCo don dey vex.

Police...why?
https://businessday.ng/companies/article/tantalizers-npf-microfinance-bank-get-ngx-warning-letters-for-insider-dealings/

Itzlinda:
Do you think we are nearing local top or full bear market?

chimex38:
ABC na it's Cargo/Logistics section..be like that section dey mint cash pass the transport section.

FTN cocoa no be stock. Na derivative
It's price is a reflection of the International price of cocoa and it's byproduct rather than the company-FTNCOcoa PLC.

Learnt RT BRISCOE has a rumour to partner a Chinese Manufacturer to ship in cars. Probably the driving rumour.

Daar communication is reacting to new management, debt repayments and Staff obligations and welfare restoration for motivation and improved service delivery.

Also, all are rallying cuz ASI has been doing between 0.8% to 2% almost consistently for the past 1month.

Na passive defence I dey Ooo.

ppogba:
I am happy you called your defence passive.
I would have loved to ask how well invested in DAAR are you. Service delivery and DAAR in the same sentence? What service? Which Management? The same one headed by a Newbie MD abi another one?


Make I no stress you dis evening jare.

Itzlinda:
At this point it is highly unlikely.

Let me load up more oando bag.

Streetinvestor2 would not be happy to hear that but jagaban is unlikely to lose 2027 election

Valthegreat:
@Mega, YMCY, Peterichy, SonofEllyon
Remember the Proverb that if you chop alone you die alone.
Please you people release small JAPAULGOLD for us, I thought we are friends naa?
LOL!

emmanuelewumi:
Effects of Auchi weed

yMcy56:
Come to think of it:
Conductor opened door today, did you buy or you picked race? 🤔
Signify ✋ make we know how many of us still dey the bus

Meanwhile, Peter for don rush out, maybe rush back in again when he noticed volume and bouncing back up 😁

emmanuelewumi:
Content creators at work

zendi:
Right now I have substantial quantity of Fortis G that I have locked up in my pfolio and thrown away the key. FortisG is doing bull on the floor because of limited supply.

Am I therefore engaging in "manipulation" or "price fixing" or is anybody compelled to buy at the price I've fixed?

Is there any law of the land or market to compel me to open my warehouse and supply the market to heal the scarcity on the floor?

It is up to buyers to reject my "price fixing" and shun my offers, and not for regulator to dictate my supply beyond the regulatoy threshold in the case of new listing.

Indeed must you even buy Zichis stock? If it is "manipulated" above your reach why not leave it and go and buy more Legend Internet?

yMcy56:
Come to think of it:
Conductor opened door today, did you buy or you picked race? 🤔
Signify ✋ make we know how many of us still dey the bus

Meanwhile, Peter for don rush out, maybe rush back in again when he noticed volume and bouncing back up 😁

** Btw, when PRESCO, SEPLAT and the likes are being manipulated due to HOPE it's called "normal upside" but when supply/demand is playing out in ZICHIS, JP etc.....to Nsempa guru and gugurus, it's called manipulation.....
Make una continue you hear...🙄

chimex38:
You check am na..
Zichis just got listed.
so all eyes on it.

If it were on NGX a long time, it won't raise eye brows like that.

Japaul is bound to rise based on the milling news. That happens to every stock. It's just a question of how far it will get?