₦airaland Forum

Dangote own no be finding money oo. Na state of mind.

presiade:
Like Dangote.

Likely. We now have company owners who know the importance of stock price.

yMcy56:
Seems they're crossing those volumes in 79.35 to themselves....

FIRSTHOLDCO on full bid🚀

FIRSTHOLDCO on bid 🚀

Sorry for your loss. It happens to all of us.

VERITASKAP is a good JIJO stock actually. What is happening now is just due to the uncertainty about the outcome of the mandated recapitalization whose deadline is 31st July. This is the case with many insurance stocks. So hang in there.

ojesymsym:
That stuck is worse than Oando and Access put together. Last I checked I was on 44% loss, the one I should sold to buy it appreciated by 10-30% increase.
For some weird reasons I thought it was in the same leagues as UCAP, learnt later that it was an insurance company.

People debating US vs Iran, are you using AI? How do you get the time to write all this text? If you are bored with the sluggish market go and watch market videos on YouTube. Haba.

I don forget say we get a prophet sef. Not a good sign for Oando hopefuls.🤣🤣

ghm:
Any advice on OANDO?

Please don't say buy-the-dip – no funds left for that. Better stocks are calling.

At ~22% loss, should I sell, take the loss, and redeploy? Or hold?

Any catalyst coming?

@ Prophet Utaka, any prophesy for the stock?

I asked similar questions when I was at a cross road on Aradel, thanks to all the advisers who asked me to hold and I am happy holding. Thanks.

I wouldn't touch GEREGU until the new owners show their hands.

awesomeJ:
Sweet!

Let this too start coming.

Should be a buy around N300.

Good news. Could this be the reason for the market turn around?

KarlTom:


https://africa.businessinsider.com/local/markets/days-after-ftse-pause-sandp-puts-one-of-africas-largest-stock-markets-back-on-path-to/bxfbyx8

Tomorrow is QD for Aradel dividend for those who may want a little extra.

KarlTom:
ARADEL. +8.68%
CONOIL. ±
ETERNA. ±
OandO. ±
SEPLAT. ±

There is an opportunity for arbitrage between here and LSE.

yMcy56:
Not available...
It's on full bid.......but you get mind to be looking for AIRTEL at this high price....
Guess you get deep pocket too ...😊

Well predicted Sir. You posted this on 2nd July.

PETERiCHY:
Today and tomorrow will present the BEST buying OPPORTUNITIES by next week we MOVE.

Meanwhile DANG-CEMENT dividend just landed.


BARGAIN HUNTERS TAKE NOTE!

I have answered your bolded point in my original post. They don't seem to need the money that could come from the exchange. For example, how many other companies did RI since Oando mentioned they were going to do theirs at N50? How much was raised by the banks and other companies since then. For me as an investor I just don't believe they are willing to operate as an honest and transparent publicly quoted company.

mikeapollo:
With the current debt levels, going private might be more difficult than staying as a public company!
They need all the money that being public-listed can bring

Best thing for Oando is to go private. Then nobody will lose sleep over how and where they take the company. Clearly they don't even need the exchange to raise capital. Look at how long it is taking them to do a simple RI.

yMcy56:
Not easy like that.....but let him just announce that he's stepping down as CEO, them poach one popularly known able hand from SEPLAT or NLNG....
Or, if his friend, Otedola should announce that he's taking up the 4m shares or buying 20/30% stakes in OANDO...
You'll see how stories will change.....😊

Aradel should move up this week for 2 reasons: 1) Dividend qualification date is 9th July. 2) The company insiders have been blamed for bringing the share price down by dumping the shares recently, and they may respond by buying same back.

yMcy56:
ARADEL on the move......
100k still needed to move it up for today....

DANGCEM also getting momentum, waiting for deep pockets to do justice to the northwards mvmt..

It is clear that this country is now being led by people who do not believe in it. Why do you make NYSC posting as regards to insecurity a matter of policy, and formally state that only students from insecure areas should be posted there? Shouldn't such issues be left to the discretion of the Service? Even at the peak of insurgency in Borno and Yobe states NYSC members were formally posted there, but they were instead sent to serve in other states. When will our leaders understand that insecurity at the level we have it now has to be fought nationally and not be regarded as the headache of those states that are suffering from it. Which states are really free of it now?

megawealth01:
President Bola Ahmed Tinubu has approved a major overhaul of the National Youth Service Corps (NYSC) deployment system, announcing that corps members will now be posted to states based on security risk assessments rather than the existing nationwide allocation model.

Under the new policy, prospective corps members will no longer be deployed indiscriminately to states facing serious security threats. Instead, postings to such areas will prioritise indigenes, residents, graduates of institutions within those states, and those from neighbouring states in the same geopolitical zone, following detailed security evaluations.

The President said the decision forms part of a broader reform agenda aimed at protecting corps members while preserving the NYSC's objective of fostering national unity. He noted that security realities across the country require a more practical and flexible deployment system.

Tinubu also approved other far-reaching reforms, including extending the NYSC orientation camp from three weeks to six weeks, replacing the military Director-General with a civilian DG, and introducing expanded training in entrepreneurship, leadership, civic responsibility, and job creation.

He directed the Federal Ministry of Youth Development and the Ministry of Justice to begin amending the NYSC Act to provide the legal framework needed to implement the reforms.

According to the President, the changes are intended to modernise the scheme, enhance the safety of corps members, and better prepare young graduates for life after national service.

Who said money has left the market?

toyeoye:
🚀 Late surge: AIRTELAFRI hits limit-up in the final minutes of trading.

The telecom giant jumps ₦479.40 to ₦5,274, matching a fresh 52-week high and extending its gain to +132.3% YTD.
Volume reached 110.4k shares, about 150% above its 30-day average, as buyers stepped in aggressively into the close. 🔥

Aradel on the move?

Those people who used to bring FIRSTHOLDCO sharply down at close of trading through large volume cross trades strucked again today. It is a typical accumulation style that will be followed by a massive move upwards when the time comes.

If you are still holding a fundamentally sound stock you only lose if you sell. If you don't sell you will only lose time.

Yes. Things may change by July 1st. But trading opportunity may also come.

SonofElElyonRet:
NGX Hurricane wey go blow the shelter fit come

Not sure

Amovingman:
What about Airtel bro

The drop in Dangcem and Buacem maybe due to a complaint by gov on the rise in the price of cement in recent months. The gov said that they are meeting the manufacturers. The price of cement has gone up 30% since January, and is still going up, causing serious cost issues for builders and contractors of gov projects. I hope the gov backs it's complaint with threats of allowing imports.

toyeoye:
🚨 Cement stocks are taking a hit today.
BUACEMENT (-10%) joins DANGCEM (-10%) at limit-down, putting more than ₦30T in combined market cap under selling pressure.

Aradel acting as a nice shelter against the NGX carnage. It is good as they have not removed the 100k trade requirement. Those selling at 1,575 must really need the money. Why sell at 10% down when the price will not move? Clarify the big guys who can move the price have decided to hold for now.

https://youtube.com/shorts/jqJ4UtiyZDc?si=o61GU1M2tpQJbASA


The banks have started their push back against the CBN's recent regulations.

If you are using charts like the one on Investing.com the closing price is not N55. That is because they don't catch prices of trades done after 15:55 hours immediately. You need to check sites like TRW-stockbrokers.com that report actual NGX price list. If you also check Morgan's eTrade you would have seen details of actual individual trades which clearly shows the cross trades at N55 done late and recorded as executed at 1600 hrs. The closing price on NGX is determined only by the NGX rule of the last single trade of 100k volume.

ositadima1:
I don't think you read that very well. It only traded ₦578 million on Friday, and it actually averages more than twice that amount. The day before, it traded over ₦7 billion.

I don't think it closed at ₦55 because a cross deal wanted to push the price down that Friday. I think it was more likely due to a few secondary reasons:

1. There were not enough buyers that Friday.
2. Sellers were more aggressive and willing to accept lower prices.
3. Just general bad market.

But I'm not saying it won't recover.

It will go back up to 60 tomorrow. That 55 was a cross made at close of trading. They had to clear all bids above them on the table before they can execute the trade. That is why some lucky people got to buy at 55 also.

machine606:
Bargain Hunters eyeing FHN at price given to odetola or below @44. Why will I buy at premium when even a billioner CEO refuse to.

They will learn either way!

https://africa.businessinsider.com/local/markets/dangote-fuel-takes-an-unexpected-route-through-lome-as-regional-trade-networks-expand/j2qh5h2


Sad story for Nigerians. So Nigeria now refines petrol, export it to Togo and then reimport it so that importers can continue business as usual. In the process Lagos loses business to Lome Nigerians pay more for petrol and we create jobs for the Togolese and unemployment for Nigerians.

I want to be in FIRSTHOLDCO when Ote$ starts generating and taking returns from his investment.

Don't bet on it.

Agbalowomeri:
This one is going back to 500

I had similar experience ounce with FIRSTHOLDCO when it was FBNH. I held through a 25% to 30% loss. It turned around and I recovered the loss and made additional 20% profit. I am in again this time.

orriyomi33:
I'm holding on.

My portfolio was down about 20% last year during the CGT era, even though it was my first red in the NGX, my Nvidia bear experience during the deepseek launch didn't make me fret.

We go again this time....I just need cash to accumulate more.