₦airaland Forum

GeneralDae:
For newbies interested in the NGX. Take note. Most illiquid stocks on the NGX.

LEARNAFRCA

nosa2:
Do you know how many people in this forum do things like this?

Having offshore/shell companies is not illegal or difficult. There are a lot of companies/lawyers in Nigeria that offer the services. Once you become intentional about your legacy you will see that these things are not very complex or difficult

May not be inherently illegal but oftentimes used to evade tax and hide ownership of assets

https://www.youtube.com/watch?v=7hx4gdlfamo&list=RD7hx4gdlfamo&start_radio=1&pp=ygUYVGhlIGdhbWJsZXIga2Vubnkgcm9nZXJzoAcB

leo1234:
This is huge

The man maybe wealthier than dangote.

Very funny assertion..........Una don really see Dangote finish!!

Did anybody actually get Custodian dividend yesterday?

nosa2:
Do you know how many people in this forum do things like this?

Having offshore/shell companies is not illegal or difficult. There are a lot of companies/lawyers in Nigeria that offer the services. Once you become intentional about your legacy you will see that these things are not very complex or difficult

Quite interesting 🤔


We keep learning.

deathwing:
Did anybody actually get Custodian dividend yesterday?

I got it.

Na wa. Our own na till next week be that

IamR:
I got it.

Selah

8

nosa2:
Do you know how many people in this forum do things like this?

Having offshore/shell companies is not illegal or difficult. There are a lot of companies/lawyers in Nigeria that offer the services. Once you become intentional about your legacy you will see that these things are not very complex or difficult

Leave talk.The man was confirmed barawo.And equally represented other barawos.That was why cry at his burial was loud

Nobi small see finish

222Martins:
Very funny assertion..........Una don really see Dangote finish!!

Harddiskng:
I like this

I was going to reply you with my top 2 picks for the week, but i wanted to get in first. Before people go rush enter before me.

Haven secured my spot on the train, here they are:

• VITAFORM (new entry in my portfolio)
• FTNCOCOA (existing stock - buying more)

FYI - as at the price i entered both, I am 6% up on both right now.

****************************************

This your IMG hasn’t moved in a month God abeg oo 🤲🏽

Anyways we will reconvene 30th April, to check the performance of IMG vs my picks. God will preserve our lives till thenz

THIS IS NOT A BUY RECOMMENDATION
.

Now clap for FTNCOCOA

From the date of my quoted (NOT A)recommendation. FTNcocoa has don more than 45%. Vitamform has done more than 60%

Imagine i am doing Jijo and i am doing 50% every month (very possible). Imagination wan wound me.

deathwing:
Na wa. Our own na till next week be that

It can come today, mine came about an hour ago

Alhaji did say that there are some 20 Nigerians with more money than him. If you have not made your money cleanly you cannot bring it out in the open.

leo1234:
This is huge

The man maybe wealthier than dangote.

CHAI

Raider76:
Alhaji did say that there are some 20 Nigerians with more money than him. If you have not made your money cleanly you cannot bring it out in the open.

Nigerian now have the biggest indigenous oil and gas companies in Africa (by far) when it comes to production.

Note: Aradel are the largest shareholders of the Renaissance group.

GeneralDae:
For newbies interested in the NGX. Take note. Most illiquid stocks on the NGX.

I'm stuck with NNFM.

megawealth01:
What's 1m volume? Let us know when he wants to sell 10m and above

Members of the audit committee are retail investors like you and I, they are elected during the AGM.

What he sold might be most of his holdings

deathwing:
Did anybody actually get Custodian dividend yesterday?

I got mine this evening

ositadima1:
I want to introduce you to the world of technical analysis. Maybe you will end up liking it more than ofe akwu and rice with assorted meat.

ACCESSCORP did over 2.4 billion naira in trades. That means some people wanted it so badly that they collectively spent over 2.4 billion naira buying it (buy side), while some other people did not want it for various reasons such as profit-taking, rotating into another stock, dumping, impatience, selling at a loss, converting inheritance to cash, buying land, paying for a burial, funding a wedding, paying debt, and many other reasons you can think of (sell side).

What is interesting is that these two sides are independent of each other, and nobody was forced to buy, although some sellers may have had their hands forced for one reason or another.

Now, assuming these buyers came in today wanting to buy, but there were very few sellers, what do you think would happen to the price? Yes, they would start buying at higher prices. It is also true that many people would refuse to buy if they do not have a strong reason, but the buyers who are willing to buy will still push the price higher because the few sellers available will immediately sense the imbalance.

So my point is that a stock does not move because of news or fundamentals alone. Sometimes imbalance alone can move it. The funny thing is that most people do not even care what is moving it. What they want to see is motion, and once they see motion, they start buying until the sell side comes back with heavy supply.

The end.

I found your write-up interesting and engaging, however, I would like to add something I have applied over the years and found really helpful, in fact, I rate it 10 on a 0 to 10. The application is drawn from my knowledge of Physics and is extremely important in appreciating and quantifying demand and supply imbalance.

1. Demand Volume x price is the force or energy. News can act as a force or energy through the modification of demand

Newton's First Law States, An object at rest remains at rest, or if in motion, remains in motion at a constant velocity unless acted on by a net external force, that an object will not change its motion unless a force acts on it.

An asset in motion/rest, tends to stay in motion/rest unless acted upon by an external force ( news or institutionally significant volume)

For our stock trade purposes, motion could be up trend or down unless at rest

2. Force is required to overcome a resistance.
In Physics, Force =Mass x Acceleration F=ma

In Physics applied to stock trading
Volume is Mass and price is acceleration
Volume x price indicates the Force/energy.

High demand volume with increasing price = high energy or force
High demand volume with a slowing price shows weakening of energy or force
Low demand volume even with a price appreciation is a weak force.

Imbalances are created constantly in demand and supply by the action of these forces.

In low-demand scenarios, supply is higher, price trend is downwards
In high demand, demand is higher, price trend is upwards.

Remember, force is required to sustain an uptrend and overcome supply resistance. Without that force, the trend is simply down except for an act of news provoke increase in demand. Negative News can reduce demand removing the needed force to maintain momentum. Again acting to create an imbalance.

Strong force /energy is required to break a resistance which in reality is a zone of significant supply or selling pressure.

Consolidation /accumulation are points of rest. Force is required also to move it out of this zone and if a significant news item creates an imbalance favouring down trend, so be it, a fall, and if demand volume increases, a rise. And if demand volume is low, the price will fall through.

It's all about demand versus supply. Monitoring volume with price is the key.

Simplified into the following
Is the price rising?
Is the price falling?
Is the price in a zone?
What are the Volumes, is it increasing or decreasing?
What's the force?
What's the imbalance, supply or demand imbalance?
Is the force sufficient to maintain the uptrend or overcome the resistance or price zone?

If Yes up
If No down



That's it in a nutshell.

aj8:
I found your write-up interesting and engaging, however, I would like to add something I have applied over the years and found really helpful, in fact, I rate it 10 on a 0 to 10. The application is drawn from my knowledge of Physics and is extremely important in appreciating and quantifying demand and supply imbalance.

1. Demand Volume x price is the force or energy. News can act as a force or energy through the modification of demand

Newton's First Law States, An object at rest remains at rest, or if in motion, remains in motion at a constant velocity unless acted on by a net external force, that an object will not change its motion unless a force acts on it.

An asset in motion/rest, tends to stay in motion/rest unless acted upon by an external force ( news or institutionally significant volume)

For our stock trade purposes, motion could be up trend or down unless at rest

2. Force is required to overcome a resistance.
In Physics, Force =Mass x Acceleration F=ma

In Physics applied to stock trading
Volume is Mass and price is acceleration
Volume x price indicates the Force/energy.

High demand volume with increasing price = high energy or force
High demand volume with a slowing price shows weakening of energy or force
Low demand volume even with a price appreciation is a weak force.

Imbalances are created constantly in demand and supply by the action of these forces.

In low-demand scenarios, supply is higher, price trend is downwards
In high demand, demand is higher, price trend is upwards.

Remember, force is required to sustain an uptrend and overcome supply resistance. Without that force, the trend is simply down except for an act of news provoke increase in demand. Negative News can reduce demand removing the needed force to maintain momentum. Again acting to create an imbalance.

Strong force /energy is required to break a resistance which in reality is a zone of significant supply or selling pressure.

Consolidation /accumulation are points of rest. Force is required also to move it out of this zone and if a significant news item creates an imbalance favouring down trend, so be it, a fall, and if demand volume increases, a rise. And if demand volume is low, the price will fall through.

It's all about demand versus supply. Monitoring volume with price is the key.

Simplified into the following
Is the price rising?
Is the price falling?
Is the price in a zone?
What are the Volumes, is it increasing or decreasing?
What's the force?
What's the imbalance, supply or demand imbalance?
Is the force sufficient to maintain the uptrend or overcome the resistance or price zone?

If Yes up
If No down



That's it in a nutshell.

My goodness, this is my longest post! My apologies for the long read.

emmanuelewumi:
I got mine this evening

Thank God Pa Emma, I am still waiting for mine.

SonofElElyonRet:
May not be inherently illegal but oftentimes used to evade tax and hide ownership of assets

Tax reduction is not a crime

leo1234:
This is huge

The man maybe wealthier than dangote.

And you believe this by any stretch of your imagination?

Streetinvestor2:
8Leave talk.The man was confirmed barawo.And equally represented other barawos.That was why cry at his burial was loud

What exactly did he steal?

rmx:
And you believe this by any stretch of your imagination?

People actually underestimate the amount of legitimate wealth in this country. Anyway we are a nation driven by bed belle and jealousy.

Jerekre:
It can come today, mine came about an hour ago

Mine finally came in around same time!

nosa2:
Tax reduction is not a crime

I said evasion..
Hiding ownership / money laundering is another motive oftentimes

NNNFM🤔

GeneralDae:
For newbies interested in the NGX. Take note. Most illiquid stocks on the NGX.

StockGiver:
STOCK PICK FOR THE MONTH: CHAMS PLC


• Strong Q1 2026 Performance: Momentum in Revenue and Profitability
CHAMS delivered solid top- and bottom-line growth in the first quarter:


Gross Profit increased substantially to ₦1.33 billion, aided by a roughly 7% drop in cost of sales, reflecting better operational efficiency or favorable input costs.

Profit After Tax (PAT) surged 188% (or nearly 2.9x) to ₦429.4 million (from ₦148.9 million in Q1 2025).

This profit jump highlights operating leverage and possibly higher-margin contributions from areas like cybersecurity services, which have been noted as a growth driver amid rising cyber threats and regulatory demands in Nigeria.

The company also showed balance sheet discipline:
- Total Equity grew to ₦19.95 billion (from ₦19.52 billion at end-2025), driven almost entirely by retained earnings from the quarter's profit.

- Liabilities decreased meaningfully (to ₦11.88 billion from ₦14.86 billion), mainly from lower trade payables.

- Operating cash flow was positive at ₦455.7 million, supporting reinvestment despite some loan repayments and capex outflows.

These figures build on full-year 2025 results, where revenue grew ~18% to around ₦17.5 billion and PAT reached ~₦606 million. Q1 2026 suggests the growth trajectory is continuing, with improved margins in the early part of the year.

Strategic Expansion into High-Growth Areas (AI, Data Centers, Digital Infrastructure)
CHAMS is evolving beyond its traditional identity management, payments, card production, and transaction switching businesses (core to SIM cards, bank cards, and digital IDs):

- In February 2026, the company launched Chamscorp Plc, a new subsidiary focused on digital device manufacturing, data centre design/operations, AI infrastructure, and intelligent systems. This positions CHAMS in Nigeria's emerging AI and digital infrastructure boom.

- Leadership appointments (including experienced figures from finance and data analytics) signal serious intent.

- Nigeria's digital economy is expanding rapidly, with massive growth in instant payments (NIP transactions), fintech adoption, e-commerce, and government digital ID initiatives.

CHAMS' established role in identity and payments gives it a strong foundation to capture value in adjacent high-margin areas like cybersecurity and AI-enabling infrastructure.

The capital raise of ~₦7.5–7.65 billion in 2025 (via rights issue/private placement) has strengthened the balance sheet, providing dry powder for these expansions, cross-border payments, and fintech innovations across Africa.

A proposed dividend (e.g., 3 kobo per share) also signals returning capital to shareholders and confidence in cash generation.

Valuation and Upside Potential
- Improving Fundamentals: Double-digit revenue growth historically, sharp PAT expansion in Q1, positive cash flow, and a cleaner balance sheet (higher equity, lower liabilities).

- Multiple Expansion Opportunity: As CHAMS executes on Chamscorp and higher-margin digital/AI plays, the market could re-rate the stock from a legacy payments/ID play to a diversified digital infrastructure leader.

- Nigeria Fintech Tailwinds: Continued CBN support for digital payments, AfCFTA-driven cross-border opportunities, and structural demand for secure identity solutions.

- Catalyst Pipeline: Further details on Chamscorp progress, potential new contracts in government/biometrics, full-year 2026 guidance, and any M&A or partnerships.


This is not financial advice. Always conduct your own due diligence

Chams Plc

essentialone:
Lasaco Assurance Plc and Guinea Insurance Plc Rights issue is a total mess.

Market price is lower than their Rights Issue prices of N2.00 and N1.10 respectively.

It's a mess. I won't be surprised if both stocks get kicked out soon from the stock market...

Guinea Insurance Plc

kintus:
Na your recommendation make me dey 35% loss on Lasaco. I hope they price appreciates soon.

Lasaco Assurance Plc