₦airaland Forum

Streetinvestor2:
Let him hate nigeria as long as his investments are in nigeria. The ones that love nigeria have investments in Malta,dubai and other countries. His investments are putting food on tables for many Nigerians directly and indirectly. I have not seen his employees complain of not being paid well or being owed.iF I may ask how many Nigerians do you employ in your own capacity

It's very possible that there are at least 5 to 10 other Nigerians with as much money as Alhaji, but the monies are hidden. Imagine if just 5 of them take 10 different sectors and industrialize them just as Alhaji has done. Nigeria would have been great.

Chai! GTB sends me email reminder to purchase their shares every 5 minutes.

I am developing what I will call NSEMPA Sentiment Index. Over the weekend I will go through all posts and count the number of times a stock is mentioned, and whether a buy or sell if indicated. Other parameters can be added later in further development. This will give a small weekly data base from which I will develop some form of an indicator to guide people as to which stocks are hot, and so on. In further development one may take the data daily and have periodic totals and averages. This system is commonly used in search engines, polling and market survey software.

So before I go on with it I want to know what people think about the idea. Is it a sensible, workable, or a stupid useless idea? Is someone already doing this or something similar? What may you add to make it better?

I will add that I do have a bit of free time since I am not working for anyone right now.

dammybrite:
They did, although it was late in the night that I got it too

I guess it depends on one's bank. Many will probably drop today.

Bagwa:
53M Oando bd

So the ride will continue.

nosa2:
I understand that Ellah Lakes is involved in fish farming. I recently saw an interview with the CEO on Arise TV, and he appeared very knowledgeable. Despite this, I’m skeptical that fish farming will ever be as profitable as palm oil production. For one, fish farming relies heavily on foreign inputs, whereas palm oil production is entirely indigenous.

I think one can to a large extent set up local production of feeds and supplements. The catch for me is the low entry barrier for fish farming. There are lots of small fish farms, which is not the case for palmoil. But I understand the company is also diversifying.

Streetinvestor2:
Unless you are planning to sell all your holdings. What stops you from selling the once you already have till bonus appears. If the Qi1 results can justify the new os of 18B.I expect the price to remain flat some time and then start moving up again to the new especially based on diluted numbers

Thanks. Actually for me the bonus shares will probably be all profit by the time they come.

Streetinvestor2:
It is very possible but the stock will hover around 13-15 for a long time.You target is possible if Q1 2025 does not come out well to defend 18B Os

How about when the bonus shares are alloted to shareholders and many want to sell at the same time? What is the earliest you think that will happen?

KarlTom:
Started yesterday...

It will likely close around OP today and gettomorrow...

... Unless Tony has a target..

Payunsin:
Does Unity Bank merger has anything to do with VERITASKAP. This bid is massive this morning like kilode

All the noise is on Oando. But VERITASKAP is quietly giving the same returns. I made a switch yesterday from UCAP.

safepaulooo:
PATIENCE WINS THE GAME. These sharks deliberately keep a stock suppressed until they have bought to their satisfaction and force weak hands to sell off out of impatience.

The unfortunate thing is also that the sharks only do cross deals off the floor and not touch the offers on the floor.

Streetinvestor2:
Whr you commot come.You registered last Month because of Tinubu or oando. Do I look dumb to be expecting Bola to be attached to the name.You didn't see him physical at the business deal with Agip

Abi oo.. Some things are difficult to hide.

Olaide1295:
I'm telling you what people will surely say, not my personal opinion.
Have you seen Dan Bello videos? They are already saying Tinubu owns Oando using Wale as a mask.
Largely untrue, but the president has to be careful about public perception.

I think the way government treated the Dangote Refinery issue shows that there is serious conflict of interest at the very top. The alleged connection of Oando related people to the imports from Malta, which was not convincingly debuncked, did not help matters. That is why people tend to believe videos like the one from Dan Bello.

KarlTom:
Is UCAP getting tired?

The volume of transactions shows that smart money may have sold and it could be peeking.

Chai! TRANSPOWER na wa oo. Today is qualification day and look at the trading.

Willie2015:
Na N20 above ...
be their target ...

Possibly. And we get our interim dividend on Friday to clean mouth.

KarlTom:
UCAP and OandO

UCAP full bid is even more solid today. No bids below #14.65. I may mean this thing can reach #20.

Where is everybody?

Saw following explanation of why the current downturn in the international markets is happening on Reddit. I think it will ease the fear that this will come here.

KarlTom:

I hope our people who took to playing in the US market know when to pull the trigger.

CHAMS on offer below #2. Maybe we will get it back below #1.50.

yMcy56:
Yes. You will need to fill a Registrar's form for the stocks you have as a beginner, submit and get confirmation that your form has been mandated to receive dividends.

A good thing now is that, you may not need to fill different Registrar's form because of the automated window adopted by SEC now.
You details can always be picked by other Registrars for payment of future dividends to you.

Another good thing is that, some Registrars now have online E-Dividend Activation Form which you can fill and submit online on their portal.......AFRIPRUD, APEL, part of them.

I did the one of APEL last month. They still made me to go through my broker and sign a transfer form.

femu:
Presco is just warming up.

In the near future it will be worth a lot more

Thanks. But you are not answering his question.

ojesymsym:
Why do I have this feeling that some people are salivating and thinking that the price dropped from 36 naira to the present value and are queuing to get a bargain? By the time they realize that they are buying at the same rate as the previous highs, I wonder what their reaction will be.

I believe thinking about the price level of UCAP before qualification is practically irrelevant. It may be a consideration only for those who bought before qualification and are still holding waiting for their bonus shares to be allocated. But for those buying now the reality is the current price, which some believe offers good trading opportunity, and a good entry for medium to long term investors.

Mankind2024:
The NYSE is experiencing significant losses at the premarket opening, and the impact of the Middle East unrest on emerging markets remains uncertain. Concerns about potential contagious effects are valid. The question remains: how will the NGX perform in this volatile environment?"

I think it is just adjustment NYSE is doing. They already took position believing Trump will easily win over Biden. Now they are thinking Kamala will win.

unite4real:
Subsidy was never really removed. The present subsidy is even more of a burden than what it was. With the exchange rate at such a high level, it will take only God to return the situation to pre swearing in of TINUBU.
The country has to just look ahead and see how to drive down inflation with positive trade balance. Tackle insecurity so farmers can breathe. Carry out massive duty free imports of essentials and medicine to increase supply.
Anyone that thinks TINUBU will announce a new pump price when minimum wage has been increased will wait forever. It doesn't make economic sense to do so. His biggest mistake was hastily announcing total subsidy removal on his first day and subsequently devaluing the currency. These brought our economy to her knees since we import most of what we consume.
There is something negatively special about Nigeria that keeps us retrogressive.
God abeg, we need you.

Chai! Are we saying Buhari's time is better? We de real wahala bi dat.

emmanuelewumi:
We have a very high standard. One of the highest in the world

Ours must be the highest in the world if it is higher than those western countries that produced the standards.

veecovee:
The United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore, have been listed as the top 10 importers of petroleum products from Nigeria’s $20 billion Dangote Refinery

This is even as students across tertiary institutions in the country under the aegis of the National Association of Nigerian Students, NANS, have passed a vote of confidence on the Dangote Refinery.


However, the products that have been shipped to the countries at different times include fuel oil, gasoline, jet fuel and Naphtha, thus attracting additional foreign exchange to the nation. ...

https://www.vanguardngr.com/2024/08/dangote-refinery-usa-spain-france-south-korea-singapore-others-make-top-10-importers/

And we said the products are not up to our standards.

Princkez:
yes

Thanks.

Please how do you think they will use the #6b, now capitalized, from the rights issue to possibly increase the earnings?

Princkez:
I did some little calculations on their earnings growth and found out q3 earnings will not be less than #1+....just my personal observation.

Please is this based on the new 18b shares?

KarlTom:
If this is any consolation...

Please when was NASCON bonus given? I saw a date of May 4th 2023 somewhere but can't believe it.

BullBearMkt:
...you dey online, dey make money; but you "stand with protesters"

It is the poor and idle souls that get tear gassed and shot. Those that send them continue eating.