₦airaland Forum

yMcy56:
I think the N35 price for RI is a little bit high....
I was expecting something like btw 25 and 28, this way he would have easily achieve the target....
Defending is an uphill task.

All the fund they're now using to defend the share price could have gone into the recapitalization itself.
They sure know what's there for the bank anyway....

The higher the RI price the better for the consequential OS. Which is good for all parties going forward.
The fund to achieve and defend the higher RI price is cheaper and better than having a lower RI price and it will be recouped from the SP at the right time. This is my calculation of what is currently happening.

I blame CBN for this happenings. If they were actually correct on the reasons for the share capital raise for banks, then they ought to change or increase it even now cos the raise was based on a $ at N700.
Now we are at N1700+ to a $.

peperempe:
Uncle T and his gang know what they are doing. Don't forget that he said he will use all his interim dividend to buy the RI. In my opinion, he and his gang would wish small shareholders don't claim their rights so that he and his gang can accumulate more.

I feel the plan is to take the sp to btw N38 and N40. And it will be earlier than expected. By then people will find it cheaper at N35!

The N2 interim div is not for nothing.

Kudos to SEC for wielding the stick of suspension on trading on Oando shares otherwise the selling price of Oando shares would have continued to sky rocket based on the media hype and the hope of positive turnaround rather than on actual improved financial report.

Some people will have to personally experience loss and disappointment before they learn. So it will always be fruitless attempting to caution, educate or protect
them. While some will allow wise counsel to prevail.

I am happy for the pivotal role SEC played here and so proud of them for their courage. I pray they do more to sanitize the space so that people will invest their money on facts and figures and not invest blindly or on media hype.

Bobloco:
https://www.vanguardngr.com/2024/10/forex-fg-gives-9-months-grace-to-those-keeping-dollars-outside-banking-system/

This is what you get when empty heads and cronies get appointment rather than experts.

All he could have done is to simply encourage dollar savings by introducing attractive interest rates to dollars acs and people including those in diaspora will bring their dollars to the banks willingly. I have a dom ac and I have never received a cent as interest and withdrawer charges is very high. Meanwhile my dollars in my US stock ac generates interest daily.

SoftSport:
Having only watched a brief excerpt of the footage, it is premature to draw any definitive conclusions.

The lawmaker should be afforded the opportunity to present his perspective.

As a distinguished public figure, he deserves to be treated with due respect.

We must proceed with caution and refrain from allowing emotions to cloud our judgment in this matter.

How I wish you are the bolt driver that was repeatedly dehumanised by the lawmaker in the viral video.

This House of Rep member is a disgrace!
That driver should sue him for Battery and Assault and adequate compensation as damages.

Akpaamunsi:
And you had to use an igbo name to write the satire Tribalism is ingrained in the blood of every yoruba man. Spits

Despite his caveat, all you can see is that he used Ibo name.

You can't see that the name is a Nigerian name and also of a human being.

BullBearMkt:
...read between the lines, they're not attacking you

He didn't say they are attacking him. Rather, he said they saw his caution as an attack.

phadriz:
You get the point my dear. I don't know why they see caution as attack

You went from caution to attack by your statement that there are people here with 500m portfolio who maintain their silence.

emmasoft:
Exactly! We said it severally here, when it comes to bonus payment dates, it's not always stated like cash dividend because other protocols are involved before the crediting of investors' cscs account, all you should be concerned about is whether you are qualified or not. Once you are qualified, there is nothing to worry about you will see the declared bonus in your cscs account unannounced.

I don't see any other protocol here. We are just inefficient or many times just choose to be wicked in this Country.
I have always gotten my dividends, bonus shares/stock split and even voting rights immediately on due dates which is pre annouced, in all my foreign invested companies without making any effort.

Adinije:
Gimme excel formula biko

You can just download Stock average calculator from play store. It's easy to use to determine needed quantity and price to average down

ibinaboonline:
Guys, please any idea what this is? It looks harmless enough but I don't take any chances. Please what is it and what can be done? I have applied FunBact on it today.

It is called herpes simplex type 2.
It comes and goes after a few days or weeks. It also appears on the mouth of the vagina or tip of the penis. Read up on it on google.

Raider76:
Now I see why they got the court case adjourned to October.

No pls.
Courts do observe annual vacation.
This year's Federal High Courts vacation is between 23th July to 13th September. 2024
The long adjournment date was to allow Court resume. Other matters before the Court will also be factored in while fixing the next date.

Meanwhile. It is not today Oando have been sealing solid deals using cheap public funds and loans. But non of them have benefitted the ordinary shareholders except the ....

Why some people think this will be an exception is beyond me especially now that they have the political power! No doubt money can be made by traders but no value investors.

nlfpmod:

https://www.youtube.com/watch?v=qxOSMbW4vHI?si=7ALXjFXbGEgRJrQV

Man chooses ₦10m over Pastor Adeboye’s prayer.





What would you have chosen if you were the man?

Very wise man.

adetoyeshe:
Just bought this Fulani grower yesterday at Kara market on my home.. Glad to start this adventure of mine.
Feeding.. corn shaft mixed with grower mash.
And will be mated by Noiler cock.
Still planning to get 3 or 4 females

Pls how much does this cost?
Planning to buy some.

DrAkpa:
So it's not like the money used to invest on the shares goes into the account of the company whose shares is being purchased?

It does at all times but only when the seller is the Company. Such as when it is an Initial Public Offer, Rights issue and some other financial instruments used by Companies to raise capital.

dapix:
Has anyone gotten GTCO dividend?

Yes. Got bank alert 12noon

grandstar:
A Yoruba actress was first jailed 6months.for this offense.

Next, was Bobrisky who is now chopping beans at Kirikiri. He too was Yoruba.

Cubana is Igbo. No one should scream tribalism

The Yoruba Actress was given an option of fine and she opted to pay the fine. The fine was about 150k

[quote author=nenergy post=129434933]No pictures?[/quote

Sorry, was trying to teach someone how to post. The person will post details and pictures very soon.

2013 model Kia Soul for Sale

Mankind2024:
Yes, you own all your equities on T212 platform.
You are a common shareholder
You also vote in companies AGM thru online participation.
You also earn interest on unused funds
You invest on NYSE ,LSE Germany, France, Netherlands listed equities.
They have 2 types of accounts
Investment and cfd
I registered for only investment account.
They made u to sign an electronic indemnity that you are not a US tax resident.
I fund my account by SWIFT which cost $14 per transaction.

Better start using Gpay to fund your trading ac. It cost nothing except the 0.70% transfer charges by T212 once you exceed total $2000 free tranfer into your trading ac.
If you need further info on steps to use Gpay, check my past comment on US stocks alert thread.

money121:
Tinubu or dangote

Abi Tinubu cement don dey market?

Who devalued the naira?
Who increased fuel price by extension transport cost?
Who increased cost of doing or getting anything from govt including schools fees but deceiving you with student loan which he said will take off in Jan, 2024?

You people should continue to defend your oppressors!

HelpfulBro:
It's very annoying that I got beaten up by police today because of vega 100....

[In the images below my hand now looks like a deformed pig]

I was on my way to a hotel to meet up with my babe but I had to go back to go take my drugs at home and it was late about 10pm so the police stopped me and checked, first they saw a condom and then they saw vega 100

He immediately said I should open my tongue which I did and then he asked to follow him that I'm with hard drugs 🥲 and I was shocked then I asked him to wait that it's not a hard drug and it's just a sexual stimulant which is completely legal

I tried to show him the receipt I bought it off jumia and that it is a legal drug which he kept on doubting that jumia did not sell me this, then they took my phone and before you know it they started pushing me inside the car

Out of shock I started resisting their attempts by asking them to just wait pls and listen so I can show them proofs that I don't even take drugs or smoke. Initial I just carry it because I get erectile dysfunction sometimes which I'm trying to fight after many years of porn use.

They took a stick and started hitting me and slapping me because I was resisting them I entered the car and they said I will bring 100k 🤧

I asked the officer, where I wan get 100k from that it's only 20k I have abeg, they kept driving till station and before you know it they stopped and asked me to withdraw the 20k at the POS close to the station...

The POS woman looked like she was in on it too that she collected 1k for charges and I just shoke my head in sadness that she knew what was going on

This is my second case with police but different scenario and I both I was not given a chance to speak, the first time it was because the police woman 'thought' I was recording while I wasn't and I politely asked for her to open it in front of everyone present to check and she shut me up and now tonight's incident

I really tired of this country and I hope I won't get into any trouble with the police again, I couldn't even speak after as I was just quiet looking at how evil both the police and my fellow citizen (the POS woman) can be and in the end everyone would go to church or mosque during worship days

I spit on Nigeria and I'll do anything to leave as it is 🤦

Send in your complaint at official Policeng Twitter ac. It will be investigated and the will be prosecuted.

festacman:
It is noteworthy that of all expenditures, the charges against Willie Obiano focus mainly on Security Vote for a state that unknown gun men held to ransom up to the governorship election day.

EFCC personnel should do more to earn their pay.

Then that is the more reason why he should be prosecuted!

He cannot claim to spend so much money on security and yet according to you unknown gun men held the state to ransom up till the election day.

Security vote should be scrapped. It is just a conduit pipe for stealing State fund by politicians.

megawealth01:
With whose signature?

I wouldn't know.
If with his Dad's signature, the name of the owner of the shares, ie the name used to buy the shares takes precedence over the signature. Irregular signature can be sorted out with physical visit to the Registrar's office. He will prove his identity and made to fill and sign his current, by extension, his actual signature.

emmanuelewumi:
Your dad should get in touch with a stockbroker

He said his dad bought the shares for him. Meaning the shares were purshased in his name. So he should be the person to get in touch with his stockbroker.

Mide3367:
I am grateful to God for how far he has brought me. I thank God for success in my program at the Nigerian college of aviation technology, zaria. Thanks to my mom, siblings, friends and family for prayers, support.. I am super grateful to everyone.. Congratulations 🎊 to me as i got my flying wings today. If you meet me on board your next flight in the nearest future. I want you to know that NCAT has trained and drilled me in both written and drills examinations. Seat back, relax and enjoy your flight as your safety first then comfort is my priority.

Congratulations!

Pls what is the estimated cost for the programme and duration. One of my sons is interested.

I need a powerbike 250- 300cc
Injector. Must be neat and working perfectly within Lagos.
Pls send what you're sure is available to my whatsapp 08024229004

emmanuelewumi:
Real Estate is the easiest and best route for most people, but for those who understand the financial market real estate might give lousy return.


When my mom died last year. As the eldest grandchild, I convinced my cousins to sell my grandma's house.

The property was old , rental income was less than N2.5 million per annum. Lawyer would take 10% of the rent, maintenance about 500k. Architect said we needed about N50 million to restructure and renovate the property in order to get a rental income of about N6 million


Property was sold in January 2023. My share was a little over N10 million, I added money to it and I have grown the fund over 200% in less than a year.

My cousin bought 4 plots of land he had to sell a plot below his purchase price in order to do paperworks.

Another bought an uncompleted building and would still need money to make the property habitable.


Meanwhile I have gotten dividends from Dangote Sugar, Nahco, and Access Bank

I can imagine at what price your grandma got the land, then the income it generated over the years from generation to generation and upon the 'old house' being sold by the beneficiaries, you as one of them was still able to pocket over 10m free money (not loan) which you invested with over 200%. Now can you imagine the % of profit made so far on the land since it was bought by your grandma?
Just asking for some here before they take some decision.

yarimo:
The strike is all about NLC president candidate losing governorship election in imo state, it's very unfortunate NLC directing workers to go on strike because of personal interest of NLC president

You have no conscience.

How I wish you were the one beaten mercilessly as was done to the labour leader.

princeemmma:
Have you seen any parent do this when there baby have hiccup, do you think it works?

The Oracle!

kolaish:
It is weekend and I just think we need to share some experience on trading.

There is always huge differences between trading and investing. Trading in stocks entails buying and selling stocks for short term gains. Time frame for trading depends on your definition of short term, as for me, trading is buying to sell between a day and 6 months time. On the other hand, investing is to buy and hold a stock for long term gains i.e. a year till eternity. In trading stock, you focus basically on buying a stock when you see that the stock is cheap at the prevailing market price and that it may go up in the shortest possible time. For example, some traders buy stocks in order to make as little as 10% - 30% and sell on or before 5 days. Please note that trading does not necessarily focus on the fundamentals of a stock, but the short time potentials of capital appreciation/gains.

Below are the lessons I learnt from trading stocks in the last one year. Note that every year has its own peculiarity and challenges. So, we will keep learning and get better through experience.

1. As a trader, be very diligent and understand when to buy and when to sell. do not be in a hurry when trading, because you may lose some of your money if you are not careful enough. There is always a buyers’ market and sellers’ market for every stock, don’t buy when it is time to sell and don’t sell when it is time to buy (Timing is very important when buying and selling). Always aim to buy a stock before it starts an upward movement. Be cautious not to rush into a stock that is on a high trajectory, except if you are sure that the fundamentals/potentials of the stock can still make it go higher than your entry price.

2. Always aim to buy the dip when the price of your target stock is going down. Don’t be too fearful that the stock has not reach its bottom, if you have reservations about it, you can be buying in tranches as it is going lower in order to reduce your entry price. For example, I refused to buy Ardova when it was N11, thinking it may get to N9, but then, right under my nose Ardova picked from N11 and move to N23 within four months.

3. NEVER rush to buy another stock when you just made good profit from a stock; Relax and let the proceeds be in your trading account for at least a week before deciding on what to buy or do with it. If you are not careful, you may enter a stock that will ERODE the gains you just made and take you back to square one.

4. Avoid stocks that has returned more than 100% - 400% year to date, if you insist on buying it, you may end up carrying the shell and being the foolish trader holding forth for the smart traders (mai kaya in hausa language )

5. Exercise restrain when buying a stock that is on a rally due to expected good result by the market. Reason being that the price of the good result may have been factored into the stock already. Therefore, it may not rally again even after the release of the juicy result. Infact, the price may start to decline after the release of the good financials. Example is FCMB @ 697k

6. Also, be cautious about entering the market when there is general market bull between 10am – 12pm. The bull may be an initial gra-gra that may slow down before the close of market. Therefore, those stocks going up like private jet may still be sold lower between 1pm and close of market. Example was when I rushed to buy FCMB @ 697K based on their outstanding Q2 2023 performance, only to see the same sold at 640k around 1.30pm. Right now, I am yet to see the price hit my average price of 679k, though I am prepared to wait till release of their Q4 result as I still believe it will still surpass 700k.

7. Do not hate or judge any stock due to its past antecedents. As far as it has not been delisted from the market, money can still be made from it. Therefore, study the present status of the stock distinct from its past and see if opportunity exist for you to make quick gains. Examples of these type of stocks are DaarCom, IEI etc For instance, I annoyingly sold the IEI that I bought @ 124k in 2011 for 29k few months ago just because I am not happy with the company, instead of studying the present situation and buy more. Infact, I got angrier everyday when its price was increasing till it got to around 140k (bad belle, you will say ). Due to this point, I was able to swallow my pride, bought some alleged bad stocks. for example, I made 160% gain on Oando because I know that I have nothing to loose when the price was around 525k. I made another 115% gain by buying Japaul @37k and selling at 84k, all within 2 months of purchase.

8. Do not be too much in a hurry to exit a stock with good fundamentals/potentials. It may reach the price you never imagined. For example, I bought NAHCO @ 725K and exited at N14, not knowing it will still be sought after even at N22.

The points above is just a little summary and not all my experiences. While trading, you should expect gains and losses. When you gain, you are happy and when you lose, don’t suck much, just re-strategize, put the lesson behind you and move-on. However, I can say that I have been successful due to fact that I made 75% gains as against 25% losses. The gurus in the house can give us their experiences too on trading or investing.

Disclosure: I do hope that @onegentleguy will forgive me for infringing on his privacy (epistle )

Experience they say, is the best teacher!
Keeping it real and simple. Well done.