₦airaland Forum

Mankind2024:
In 2024, I actively searched for public validation to support my narrow, bearish views on bank stocks during and after the rights issue and recapitalisation exercise.

I found exactly the opinions I wanted to hear, trusted them, and ended up missing one of the rarest investment opportunities in the Nigerian market in recent years.

I still remember reading a response from Pa-emmanuelewumi stating that he would not subscribe to the bank rights issues but would rather wait to buy on the floor after the recapitalisation. That single opinion reinforced my already biased mindset, even though I had the dry powder ready at the time.

That decision remains one of the biggest investment regrets of my journey.
The key lesson I want fellow forum members to take away:
Never rely blindly on opinions from public forums, especially faceless ones. People’s views, strategies, and even their own actions can change at any time.

In August 2024, Pa-emmanuelewumi publicly said he would not buy the bank rights issues. By March 2026, he revealed that he eventually did.

Now, with the much-anticipated Dangote Refinery IPO on the horizon, my advice is straightforward:
If you have the means, do your own thorough research, develop your own conviction, and act based on that. Don’t outsource your financial decisions to strangers on the internet.
Do not repeat the same mistake I made in August 2024.


https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8014#131553829


https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/10235#138765323

Rubyjade:
We have had people here market a stock but pull out without even informing the gullible ones that have entered the trade. You are the CEO of your portfolio. Chikena!

isaacosas01:
My case for buying Dangote IPO is that most institutional investor won’t get in.

I have read how Dangote wants to market it to the public and how accessible it will be, he might get half of his 5m target which is unbelievable right now

Just buy the 2m cap limit where u guaranteed full allocation.

emmanuelewumi:
Imagine if the money invested in the share in 2010 was used to buy Presco or Okomu share. Or Better still Lafarge Africa at around N38

Alhaji is a capitalist and he will try to maximize his return

Mankind2024:
In 2024, I actively searched for public validation to support my narrow, bearish views on bank stocks during and after the rights issue and recapitalisation exercise.

I found exactly the opinions I wanted to hear, trusted them, and ended up missing one of the rarest investment opportunities in the Nigerian market in recent years.

I still remember reading a response from Pa-emmanuelewumi stating that he would not subscribe to the bank rights issues but would rather wait to buy on the floor after the recapitalisation. That single opinion reinforced my already biased mindset, even though I had the dry powder ready at the time.

That decision remains one of the biggest investment regrets of my journey.
The key lesson I want fellow forum members to take away:
Never rely blindly on opinions from public forums, especially faceless ones. People’s views, strategies, and even their own actions can change at any time.

In August 2024, Pa-emmanuelewumi publicly said he would not buy the bank rights issues. By March 2026, he revealed that he eventually did.

Now, with the much-anticipated Dangote Refinery IPO on the horizon, my advice is straightforward:
If you have the means, do your own thorough research, develop your own conviction, and act based on that. Don’t outsource your financial decisions to strangers on the internet.
Do not repeat the same mistake I made in August 2024.


https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8014#131553829


https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/10235#138765323

emmanuelewumi:
Presco share price in October 2010 when Dangote Cement was listed

KarlTom:
I'm a TradInvestor. My primary aim is to maximize the returns on my investments

emmanuelewumi:
Presco share price in October 2010 when Dangote Cement was listed

emmanuelewumi:
Imagine if the money invested in the share in 2010 was used to buy Presco or Okomu share. Or Better still Lafarge Africa at around N38

Alhaji is a capitalist and he will try to maximize his return

Mankind2024:
As of 2010, Nigeria was largely dependent on imported bulk cement, which local importers typically rebagged and sold. At the time, Dangote Cement had only a nascent presence and virtually no competitive moat.
The dominant, well-established player was Lafarge WAPCO (formerly West African Portland Cement Company), which had long been the industry leader.

Fast forward to today, Dangote Cement has built a formidable moat through scale, vertical integration, and cost leadership. Its export potential across Africa is now being fully realized through aggressive capacity expansion and regional investments. I would not be surprised if the company's valuation or share price reaches 5x current levels by 2030, driven by strong domestic demand, rising intra-African exports, and continued market dominance.

megawealth01:
Lafarge was below 12 naira sef

Streetinvestor2:
I am not defending anymore but at that time thr was nothing attractive about bank right issues
I hope is not because of this bull the likes of gtbank and zenith that is making u regret as I did not participate in any rights

Streetinvestor2:
I am not defending anymore but at that time thr was nothing attractive about bank right issues
I hope is not because of this bull the likes of gtbank and zenith that is making u regret as I did not participate in any rights

Mankind2024:
I am very well-positioned in the banking sector, sitting on massive unrealized gains in Zenith Bank, GTCO, AccessCorp, Stanbic IBTC, and UBA Plc.
My only regret is that I did not fully exercise my rights during the various offerings.
This post was simply meant to reinforce one absolute truth: No one has a crystal ball 🔮.
No one could have predicted that the banks would deliver such outstanding performance post recapitalisation.

Similarly, no one in 2010 could have foreseen that Okomu and Presco would be trading between ₦1,500 and ₦2,500 today.

emmanuelewumi:
I think that was after the bonus

emmanuelewumi:
You can only get Dangote Cement shares to buy in 2010 at N200 that was when the stock was available

I wrote on the defunct Stockmarketnigeria that it was over priced

If you invested N1 million in 2010, it is not equivalent to N5 million.

Compared to Lafarge Africa that had bonus shares, the N1 million invested will be equivalent to about N12 million

isaacosas01:
My case for buying Dangote IPO is that most institutional investor won’t get in.

I have read how Dangote wants to market it to the public and how accessible it will be, he might get half of his 5m target which is unbelievable right now

Just buy the 2m cap limit where u guaranteed full allocation.

emmanuelewumi:
The only bank right I bought was that of Zenith bank. I currently have just Zenith, GTB and Stanbic IBTC Bank shares

In 2024 I had Access Bank, UBA, First Bank, Fidelity Bank, FCMB , Sterling Bank, Zenith, GTB and Stanbic IBTC Bank share

They also had right offers and I did not buy the right, as a matter of fact I have sold majority of them except for Zenith, GTB and Stanbic IBTC

PETERiCHY:
Emma is always on the WINNING stocks 🏆 he has never being caught UNAWARES.

By the time STANBIC ZENITHBK & GTCO start NOSEDIVING,

We start hearing things like, "Their FUNDAMENTALS don't SUPPORT their SHARE PRICE so i left 2weeks ago".

Abeg make una dey pity newbies small.

BARGAIN HUNTERS TAKE NOTE

zendi:
You no go kee pesin.

When did monkey-hunting become a missionary venture?

You are the gullible one to even suggest the "marketers" should notify their followers before selling..

PETERiCHY:
Emma is always on the WINNING stocks 🏆 he has never being caught UNAWARES.

By the time STANBIC ZENITHBK & GTCO start NOSEDIVING,

We start hearing things like, "Their FUNDAMENTALS don't SUPPORT their SHARE PRICE so i left 2weeks ago".

Abeg make una dey pity newbies small.

BARGAIN HUNTERS TAKE NOTE

Mankind2024:
I am very well-positioned in the banking sector, sitting on massive unrealized gains in Zenith Bank, GTCO, AccessCorp, Stanbic IBTC, and UBA Plc.
My only regret is that I did not fully exercise my rights during the various offerings.
This post was simply meant to reinforce one absolute truth: No one has a crystal ball 🔮.
No one could have predicted that the banks would deliver such outstanding performance post recapitalisation.

Similarly, no one in 2010 could have foreseen that Okomu and Presco would be trading between ₦1,500 and ₦2,500 today.

ayobama1:
What is the historical performance of Dangote's IPOs and listings - Flour, Sugar and Cement?

PETERiCHY:
Emma is always on the WINNING stocks 🏆 he has never being caught UNAWARES.

By the time STANBIC ZENITHBK & GTCO start NOSEDIVING,

We start hearing things like, "Their FUNDAMENTALS don't SUPPORT their SHARE PRICE so i left 2weeks ago".

Abeg make una dey pity newbies small.

BARGAIN HUNTERS TAKE NOTE

Henrypraise:
Someone should assist, how can someone recover shares bought by deceased parent in the 90's?

Again I bought shares in 2008 and forgot about it, my brother called 2 months ago that he saw my name n our dad's name on the web site, I have tried to own it or even get my dividends, to no avail, I have also written to Afrinvest but they don't even reply even after I talked with their rep.

Please how do I track n move these shares to a portfolio where I can manage them...

zendi:
You no go kee pesin.

When did monkey-hunting become a missionary venture?

You are the gullible one to even suggest the "marketers" should notify their followers before selling..

emmanuelewumi:
I did not buy the right.

I only bought Zenith right and it is up by about 100%

Mankind2024:
I hold both WAPCO and Dangote Cement.
The modest ₦3 million I invested in Dangote Cement is now worth over ₦30 million.
There was a long period of price suppression, poor liquidity, and outright rejection by retail investors. Many saw it as a dividend stock only, nothing more. It was overlooked and underrated for years.
But everything changed when Femi Otedola highlighted its massive export potential. That revelation opened our eyes. Today, Dangote Cement is finally getting the recognition it deserves. This is its true destination.
Unfortunately, I self-sabotaged my WAPCO position by booking profits too early. A classic case of selling winners too soon.