₦airaland Forum

mikeapollo:
Where was NGX when Ote$ and co were pushing their company shares to high heavens?

HesInMe:
Probably paid media -- the sycophancy is so off the charts it's laughable -- but interesting read on Ellah and its next steps:

https://punchng.com/ellah-lakes-public-offer-arpn-deal-and-lessons-learnt/

Agbalowomeri:
Na when poor man pikin begin benefit advice surface
But na poor man pikin go still carry the can las las

Gratefulme:
Mecure? What's the common sense entry price please?

feelamong:
Union Dicon Salt Plc has notified the Nigerian Exchange Limited and the investing public that it has been unable to establish contact with its majority shareholder, Aims Limited, which holds 64 million shares representing 40% of issued equity.

The company is urging the shareholder to immediately reach out through its Lagos office or official communication channels.

Source: NGX

aj8:
@Gratefulme

My Common Sense Entry price is usually based on a “reasonable” average P/E multiple of the market.. Put in another way, it’s based on the average expectations of new players into the market. Those wishing to take front row seats before the big moves. How much minimum gain would satisfy them..20%, 25% ?….hence the PE of 4 and 5. However, for stocks that are pricey with high multiples, application of this average will be significantly at variance and heavily skewed against such companies. For Mecure a company having a PE of 46.95, it’s best to use the average of the sector which should run about 33 since they breathe the same oxygen ( Average of PEs of Mecure, M&B, Neimeth, Fidson..)

Based on the above
Mecure FY 2025 EPS = 1.62
Average PE of sector =33 ( Mecure =46.95 though )

Fair/ reasonable discount entry for me or for it to make common sense to me and backed by some mathematics, would be any price below 33 x 1.62 = 53.46

Please the emphasis is on...for me.


The picture will be a lot clearer after Q1 2026 results.


I do not own Mecure but would certainly consider buying a few units should the price drop below N53.00 and average down for every further 10% drop below my entry prices and hold for years.

Purely on Common Sense. Not an investment advice. Please do your due diligence backed by research.

ojeysky:
But is it only dangsugar that experienced FX issues Nason did as well so is other. I don't see nascon merging with dangsugar at this current state. Painful I sold nascon to take position in dangsugar. We move!

megawealth01:
As in eh

Wale go soon push his own to paradise...

Mark my words but don't quote me

megawealth01:
And what if it goes below 20 naira?

Stockpromoter:
Updated

Loco Insurance Radar (LIR) – Market Closed Edition
March 4, 2026

NGX Insurance Index: 1,364.84 (+0.33%)

The sector remains inside the 1,350–1,380 accumulation corridor, gradually building pressure.
The 1,400 level remains the key breakout trigger for a broader insurance sector rally.


Insurance Sector Activity
Total Volume: ~217M shares
Total Deals: ~3,400 trades
Total Value: ~₦724M

Sector participation remains healthy with liquidity concentrated in a few recapitalization candidates.

Most Active Stocks (Liquidity Leaders)
• Veritas Kapital — 56.4M shares
• Universal Insurance — 48.3M shares
• Sovereign Trust Insurance — 21.3M shares
• Linkage Assurance — 15.6M shares

These stocks are currently driving sector liquidity.


Top Insurance Gainers

• Consolidated Hallmark Holdings
• LASACO Assurance
• AIICO Insurance


Top Insurance Losers

• SUNU Assurance
• Custodian Investment
• NEM Insurance


Stocks to Watch

Momentum Watch
Veritas Kapital
Universal Insurance
Sovereign Trust Insurance

Accumulation Watch
Royal Exchange
LASACO Assurance
AIICO Insurance
Linkage Assurance
Consolidated Hallmark Holdings

Caution / Possible Pullback
Custodian Investment
SUNU Assurance
Fortis Microfinance Bank


Structure Levels (Loco Framework)

Support: 1,350
Major Support / Bullish Invalidation: 1,300
Resistance: 1,380
Breakout Level: 1,400


Loco’s Tactical Conclusion

The NGX Insurance sector continues quiet accumulation below the 1,400 breakout level. Liquidity remains active in several recapitalization candidates while the index maintains a stable structure within the 1,350–1,380 corridor.

A confirmed breakout above 1,400 could trigger a broad recapitalization rally across insurance stocks.

However, a breakdown below 1,300 would invalidate the current bullish structure.

alfajohn:
I sincerely wish he does. I have gambled on OANDO to make me a comfortable wealthy man. Not in a hurry and not under pressure.
My run way is long will review my investment in three years time. With what I have 100 naira gain will result in nine figures increase in value. The gospel truth is buying OANDO is speculative and not based on any solid fundamentals. If you join and put head na you sabi not an investment advice.

feelamong:
Union Dicon Salt Plc has notified the Nigerian Exchange Limited and the investing public that it has been unable to establish contact with its majority shareholder, Aims Limited, which holds 64 million shares representing 40% of issued equity.

The company is urging the shareholder to immediately reach out through its Lagos office or official communication channels.

Source: NGX

ojeysky:
But is it only dangsugar that experienced FX issues Nason did as well so is other. I don't see nascon merging with dangsugar at this current state. Painful I sold nascon to take position in dangsugar. We move!

aj8:
@Gratefulme

My Common Sense Entry price is usually based on a “reasonable” average P/E multiple of the market.. Put in another way, it’s based on the average expectations of new players into the market. Those wishing to take front row seats before the big moves. How much minimum gain would satisfy them..20%, 25% ?….hence the PE of 4 and 5. However, for stocks that are pricey with high multiples, application of this average will be significantly at variance and heavily skewed against such companies. For Mecure a company having a PE of 46.95, it’s best to use the average of the sector which should run about 33 since they breathe the same oxygen ( Average of PEs of Mecure, M&B, Neimeth, Fidson..)

Based on the above
Mecure FY 2025 EPS = 1.62
Average PE of sector =33 ( Mecure =46.95 though )

Fair/ reasonable discount entry for me or for it to make common sense to me and backed by some mathematics, would be any price below 33 x 1.62 = 53.46

Please the emphasis is on...for me.


The picture will be a lot clearer after Q1 2026 results.


I do not own Mecure but would certainly consider buying a few units should the price drop below N53.00 and average down for every further 10% drop below my entry prices and hold for years.

Purely on Common Sense. Not an investment advice. Please do your due diligence backed by research.

Zooposki:
Assuming I had a million naira, which would you recommend i buy?

Stockpromoter:
Under the Loco Insurance Index framework, the strategy is sector-first, not single-stock prediction.

If I had ₦1,000,000, I wouldn’t concentrate on one insurance stock. I would spread across the sector leaders and active volume stocks, because recapitalization money usually rotates across multiple counters.

A balanced Loco-style allocation could look like this:

• Custodian Investment Plc – sector leadership
• AXA Mansard Insurance Plc – Tier-1 stability
• NEM Insurance Plc – strong balance sheet
• Sovereign Trust Insurance Plc – strong trading momentum
• Veritas Kapital Assurance Plc – high liquidity participation

This way you position across leadership + liquidity + momentum, which is safer than betting on a single name while the insurance recap rally is still building toward the 1,400 index breakout.

OR

From the Loco Insurance Index data, three stocks are quietly showing strong participation ahead of the sector breakout watch.

1️⃣ Veritas Kapital Assurance – about 56.4M volume, the highest in the sector.
This shows strong liquidity and institutional activity.

2️⃣ Universal Insurance – about 48.3M volume, another heavy participation counter where money is rotating.

3️⃣ Sovereign Trust Insurance – about 21.3M volume, showing steady accumulation and momentum.

These three controlled a large share of the sector’s trading activity today, which usually indicates where early positioning is happening before a broader sector move.

However, remember the true sector rally trigger remains when the NGX Insurance Index sustains a breakout above 1,400.

Stockhunter:
This our fixation on oando sef... Even with negative returns within the last one year with all the prayer and fasting..

we can still run with other stocks and make some 50% here and there and still come back to meet people who tied funds on oando for years and follow una to still chop am clean mouth when the prospects are better.

Agbalowomeri:
When last did they generate any revenue? The shareholder don give up on the company

Agbalowomeri:
When last did they generate any revenue? The shareholder don give up on the company

Xidget:
@Aj8, Abeg,is there any common sense stocks that is still within buying range

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. +6.38%
OandO. -0.50%
SEPLAT. ±

Sunrisepebble:
When did Seplat join the Karltom index ?

Stockhunter:
This our fixation on oando sef... Even with negative returns within the last one year with all the prayer and fasting..

we can still run with other stocks and make some 50% here and there and still come back to meet people who tied funds on oando for years and follow una to still chop am clean mouth when the prospects are better.

aj8:
VeritasKap

Bagwa:
https://nairametrics.com/2026/03/02/opl-245-fg-splits-oil-block-for-eni-shell/

ENI Sold its 100% interest in Nigeria to Oando August 2024