₦airaland Forum

ARADEL and ACCESS has to go bottom very bottom before MM can even see road to assist

Beeron:
This scenario is best suited for Access holdings. Not ARADEL at the moment. Aradel still has some weight to shed.

Meanwhile, Access holding is badly battered that even ground level feels like another trap.

megawealth01:
ARADEL and ACCESS has to go bottom very bottom before MM can even see road to assist

If Access stays around current price till end of July, I would like to load more before they release Q2 results.

megawealth01:
ARADEL and ACCESS has to go bottom very bottom before MM can even see road to assist

Yes sir, True for Aradel.

Aradel at the moment is not what any huge fund would want to enter now. But my retail brothers and sisters sees it as discount.

They will enter and when they are done buying the dip, it will still dip again after getting tired of buying because another smart money will sell off and take their money.

Meanwhile we only need just one huge institution fund to turn things around. But my retail friends lacks patience and sees me as the enemy of the NGX.

mikeapollo:
If Access stays around current price till end of July, I would like to load more before they release Q2 results.

You sha wan follow ACCESS enter grave

They don't understand the game na. This game no get emotions 😞

Beeron:
Yes sir, True for Aradel.

Aradel at the moment is not what any huge fund would want to enter now. But my retail brothers and sisters sees it as discount.

They will enter and when they are done buying the dip, it will still dip again after getting tired of buying because another smart money will sell off and take their money.

Meanwhile we only need just one huge institution fund to turn things around. But my retail friends lacks patience and sees me as the enemy of the NGX.

ACCESS bank directors are buying the deep as well

Agbalowomeri:
You sha wan follow ACCESS enter grave

megawealth01:
They don't understand the game na. This game no get emotions 😞

That's why I keep apologizing to each of them that feels offended because, I know how it feels. When money is involved, emotions and sentiments are also involved.

It even gets worse with the female folks because women are risk averse in nature so imagine someone tell her she has made a mistake after doing her due diligence, she will almost rip you apart, but it's sad seeing some guys behaving like females too.

Agbalowomeri:
You sha wan follow ACCESS enter grave

All die be die!
The nature and regulation of the banking industry would always create some of these opportunities, when a bank is required by CBN to do some house cleaning before paying dividends, bonus etc. which ultimately affects the price.
Na so FBN was selling at N3-N4 for a very long time. Wema was 0.50k for almost a year. Even GTB/ZB fell to N15-N17 a few years back. UBA also stagnated for some time
The FUGAZ are very strategic to the economy and cannot fail, at least for now.

Dangsugar for just continue the dipping streak

E go still continue so get your bags of cash ready

Ginalex:
Dangsugar for just continue the dipping streak

awesomeJ:
The only point i see here is the FMDQ settlement period you mentioned, all else are assumotions you made on my behalf and are not diffrent whether T+1 or T+2 abi timezone in new york has suddenly chnaged because CSCS transitioned to T+1?


so now, what's the timeline for settling spot trades on the FMDq?

If you had simply said "FMDQ doesn't do same day settlement even for spot trades", that would have conveyed your point far better than this unnecessary complications and irrelevant points about timezones.

FMDQ FX spot trades settle on T+2. There are workarounds, but the core issue is that FPIs don't want to hold long naira exposure for obvious reasons. So the choice is either to put a workaround in place or call their bluff. Moving to T+1 comes with its own trade-offs, and I'm not convinced our reserves are strong enough to absorb the added pressure right now. If we had, say, $100+ billion in reserves, it would be a much easier transition to implement and manage.

lionshare:
FMDQ FX spot trades settle on T+2. There are workarounds, but the core issue is that FPIs don't want to hold long naira exposure for obvious reasons. So the choice is either to put a workaround in place or call their bluff. Moving to T+1 comes with its own trade-offs, and I'm not convinced our reserves are strong enough to absorb the added pressure right now. If we had, say, $100+ billion in reserves, it would be a much easier transition to implement and manage.

Thanks for the info.

Maybe when FPIs again control the bulk of our market, we will consider prioritizing their interests.

Agbalowomeri:
You sha wan follow ACCESS enter grave

Some of us are vampires and we like grave

Ginalex:
Dangsugar for just continue the dipping streak

To my pleasant surprise 😁 my 105 and 106 bids for Zenith went through 😁😁

awesomeJ:
Thanks for the info.

Maybe when FPIs again control the bulk of our market, we will consider prioritizing their interests.

IMO we should prioritise local investors. Nigeria’s macro picture is stronger than most, if not all, frontier markets. How are Bangladesh, Ghana, Kenya, etc., currntly better than Nigeria — even on capital repatriation, reserves, debt-to-GDP, or market size?

ARADEL. -10.00%
CONOIL. ±
ETERNA. ±
OandO. ±
SEPLAT. ±

-

WALE still studying the situation whether to go lower looking for crude oil

KarlTom:
ARADEL. -10.00%
CONOIL. ±
ETERNA. ±
OandO. ±
SEPLAT. ±

Try 100 naira or below next

Ginalex:
To my pleasant surprise 😁 my 105 and 106 bids for Zenith went through 😁😁

megawealth01:
Try 100 naira or below next

How you take know wetin dey my mind? next target, below 100naira

lionshare:
IMO we should prioritise local investors. Nigeria’s macro picture is stronger than most, if not all, frontier markets. How are Bangladesh, Ghana, Kenya, etc., currntly better than Nigeria — even on capital repatriation, reserves, debt-to-GDP, or market size?

Yes sir 💯💯

Una go learn new things sooner than expected

Ginalex:
How you take know wetin dey my mind? next target, below 100naira

https://open.spotify.com/episode/68PEP89URo0EgqnnbOPJ60

Here's a summary of today's trading session on the NGX

Imagine if someone was levered in this market...it will be catastrophe....

megawealth01:
Try 100 naira or below next

Me wey de wait for it sub 90 naira. Zenithbank seems to tag it is 50 week moving average every year and it is yet to happened this year. The 50 week moving average is at 86 naira and it is going up. I will be comfortable buying between now and november once it touches the 50 week which will likely be between 85-95 naira. It might go lower but I am not looking to time the bottom. The downward risk is minimal from that price

WOW

Itzlinda:
Me wey de wait for it sub 90 naira. Zenithbank seems to tag it is 50 week moving average every year and it is yet to happened this year. The 50 week moving average is at 86 naira and it is going up. I will be comfortable buying between now and november once it touches the 50 week which will likely be between 85-95 naira. It might go lower but I am not looking to time the bottom. The downward risk is minimal from that price

Itzlinda:
Me wey de wait for it sub 90 naira. Zenithbank seems to tag it is 50 week moving average every year and it is yet to happened this year. The 50 week moving average is at 86 naira and it is going up. I will be comfortable buying between now and november once it touches the 50 week which will likely be between 85-95 naira. It might go lower but I am not looking to time the bottom. The downward risk is minimal from that price

You people are the ones that want to make some folks cry on this forum! They say you people should say your ''evil and bad'' prayers and wishes quietly to yourselves in one corner. They don't want to read or hear them here because they bought those stocks at very high prices but you want the price to crash D

mikeapollo:
You people are the ones that want to make some folks cry on this forum! They say you people should say your ''evil and bad'' prayers and wishes quietly to yourselves in one corner. They don't want to read or hear them here because they bought those stocks at very high prices but you want the price to crash D

If you deal in stocks and has never gone close to crying then, maybe you never start.

The most important thing is, let your shock absorber be original. Ladipo own fit let you down

https://www.youtube.com/watch?v=4TPCqo-M2rw?si=webDLYRyLfFXCsrh

Here's a summary of the day's trading session on the NGX

PuristForest:
Imagine if someone was levered in this market...it will be catastrophe....

So person wey lever no suppose don sell since? Abi so you leverage without a right plan?

ppogba:
If you deal in stocks and has never gone close to crying then, maybe you never start.

The most important thing is, let your shock absorber be original. Ladipo own fit let you down

fixed!