₦airaland Forum

Streetinvestor2:
The last sentence is uncalled for because I never said I knew oando will hit 90.I said my target was for it to hit 20 ,30 .The highest I bought was at #15 and was ready again to buy at #30 which was not achieved.
And if you decide to go dirty again with words with me.i can bet you I am equally good in that line of talk.I advice you go back and read my post that I never said knew oando will hit 90.And for wale he knows what price he can drag oando

I made a clear point about predicting with CERTAINTY and you came out to “completely disagree” with me. So the problem is not with any word or language, but with your ‘Nostradamic vision’. No one can see into the future with CERTAINTY, and it is pure delusion for anyone to even consider that they could!

Streetinvestor2:
I completely disagree with your opinion. I new oando will go up but could not place it to this height. I went in on oando with two target of #20 and 30.And when it was moving I was ready for worst bet of #30.which I didn't succeed in the last and won't equally buy above that price .I went with what I could afford to lose at every purchase. I know people here who saw the same thing And will never touch such stock with a pole because they believe preservation of capital is more important than capital appreciation to take such risk.
And if you feel at any point you can borrow or sell all you have because of a particular stock as per appreciation. That means you are new in this business and will learn the hard way.This is not about oando. It should be view as individual belief when it comes to investing in stock market.And if thr was any stock personal I would have considered doing such impossible though would have been ucap.I went in at 90kobo and the fundamentals has continued to flag green since 2013/2014

Nobody, not any TA or FA expert, not any pastor, Imam or juju man, not even Wale Tinubu knew ahead with CERTAINTY that the same Oando trading below N10 back then will be inching close to N100 now. If you knew you would not have any worry about the risks and would have sold everything to get in early and recoup now.
You will be gravely deluded to convince yourself that you knew ahead with CERTAINTY that Oando will be trading N90 today. Grave delusion, the type that requires immediate psychological attention

godlyguy:
That's in your imaginations. As it is in my character I won't attack but say my mind with respect.

I have nothing against oando or any stock. I don't have regrets in investments as I am a fundamental SOUND investor now EXPERIENCED

New entrants please study and make personal improvement in your investment journey

After selling off my Oando earlier in the year I used a good chunk to top up my Seplat, where I am over 60% up at the moment, aside from the four (yes, 4) different dividends I have already enjoyed from there this year alone. That is not to say that I don’t regret that I could have done a lot more today if I kept the Oando I bought earlier at N7. Even though I have to admit that Seplat comes with much more peace of mind than oando’s wild volatility.

The point is, everyone regrets missed opportunities in this life, except we are being delusional. What is important is to learn to navigate through such emotions and find more or better opportunities.

godlyguy:
That's in your imaginations. As it is in my character I won't attack but say my mind with respect.

I have nothing against oando or any stock. I don't have regrets in investments as I am a fundamental SOUND investor now EXPERIENCED

New entrants please study and make personal improvement in your investment journey

I doubt any of your “fundamental sound” equities have returned what Oando has done this year, and everyone who missed out on the Oando bull regrets that they didn’t get in at the right time to reap bountifully, except you are not out to profit and make money.
If you knew ahead, with certainty that Oando will be hovering N90 in September I bet you would have sold All your other equities (and even sold personal effects) to get in at the low price earlier in the year, to reap bountifully from the mad bull ride.
Anyone who joined this forum last week can easily tell that you are pained by the missed opportunity, and hence the cause of your sadism. There is no point trying to mask it as advice/warning for newbies

godlyguy:
I will keep sounding the warnings repeatedly

I understand your pain and regret about losing out on the Oando once in a lifetime opportunity, you should know you’re not alone. At the start of this year I held about 1.8 million (yes you heard me right) units of Oando which I sold in February around N12 at a small profit margin. I regretted exiting when Oando rose above N30 naira, but instead of lamenting I was able to join again at just under N60, which is a small consolation for me now. Everyone can see that you are pained and frustrated about the missed opportunity, but you have to dust yourself up and make the most of other available opportunities, and stop whining too much about the spilled milk.

ProphetUtuocha:
I agree completely that the folks running O na O are a bunch of phoney characters, lacking in principle and discipline, and clearly driven by multi-faceted greed. In saner societies, they would have been held to account for their illicit actions. Unfortunately, this is Nigeria!

The issue is more with the regulators who seem to look away

Tpharell:
Please, is the suspension of Oando trading from JSE not an inditement on the Nigerian capital market regulators?
Surely, the default of “inability to meet the extended deadline to publish its 2022 audited year end results and the interim results for 2023” for which JSE suspended Oando also applies on NGX, or the rules here are different?
The optics seems to suggest that Wale Tinubu is able to have his way with our people here who are unable to wield the big stick unlike with the South Africans

Please, is the suspension of Oando trading from JSE not an inditement on the Nigerian capital market regulators?
Surely, the default of “inability to meet the extended deadline to publish its 2022 audited year end results and the interim results for 2023” for which JSE suspended Oando also applies on NGX, or the rules here are different?
The optics seems to suggest that Wale Tinubu is able to have his way with our people here who are unable to wield the big stick unlike with the South Africans

baumolina:
Meffy understands Naija market very well as the current CBN has scientifically agreed with some of his policies. Only the politics spoilt his legacy.

It’s actually beginning to seem like the only wrong of Emeifele was the political ambition and nothing more

Please, am i the only one who could not do anything reasonable on the meritrade trading platform today?

Kwibaba:
Please explain more... price may recover a day or 2 after Mark down

I was wondering if that was a typo. Awaiting the explanation too

Transcorp power offers now available for those interested

Transcorp starting in reverse gear

lasisi:
What is the maximum price that can be bidded for transcorp today?

N351.3 today

Emndy:
No. They are selling to provide liquidity, not buying.

Oh! Noted

.

.

Princkez:
yes....I got yesterday, I made sure I pushed. the buy button at exactly 9.30a.m

Except they clear out all the bids at the maximum trade rate for the day, your timing will remain meaningless as the order of priority of trade execution favors brokers trading on the NGX floor

KarlTom:
Wahala Pro Max
All trades executed at 14:30:00...

Fastest finger first!

This phrase👇is what is driving Transcorp, I suppose

Mpeace:
The ANOH gas project and the Exonnmobil asset purchase are the major reasons for the capital appreciation.
Gas project is ready for commissioning but the asset purchase is still awaiting FG approval.

Gas project is expected to double their earnings, while the asset purchase when approved should multiply the blessings.

Well said!

https://doclib.ngxgroup.com/Financial_NewsDocs/40400_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_FINAL_DIVIDEND_FOR_SEPLAT_ENERGY_PLC__CORPORATE_ACTIONS_FEBRUARY_2024.pdf
Seplat is more about capital appreciation than dividends

DrAwo:
Get ready for "Buy one, get one free" in the market once it opens today...
Blood shall flow...

Interesting times ahead...

May not turn out to be as bad.
Every financial semi illiterate on the street knew there will be massive rate hikes, and the CBN governor was clear about it right from the outset without mincing words. So I believe real investors have since factored in rates increase and taken positions with that in mind

Tpharell:
Can anyone explain how is it there is best bid of 23.55 sitting with best offer of 23.10 for access bank? I mean bids are higher than offers but no trade?

Same with Transcorp with bids at 13.05 and offers at 12.34

Can anyone explain how is it there is best bid of 23.55 sitting with best offer of 23.10 for access bank? I mean bids are higher than offers but no trade?

KarlTom:
Let me shed more light on this so it doesn't send a wrong message across.

Over 24m units of Ellah were 'mistakenly' credited to a friend's account by his brokers...

What we observed today was the broker trying to offload those units. I believe it'll continue tomorrow...

How does such ‘mistake’ happen when the system is automated?

Seplat!

Locotrader:
Go to court and ask your question.

Unnecessary grandstanding on an obviously logical matter

Locotrader:
Inwardly it's real
Outwardly,it's fake.
Read his write up again and understand why I attacked him.
He has learnt something from various comments that follows his post.

Pls this chapter is closed.

If he didn’t disclose here that he placed those several bids there how would you know?
Until it is revealed you cannot know someone’s intention. That’s the point you’re missing. Besides, on the trading floor of NGX brokers place and cancel bids as they want, so how is it illegal here?

Locotrader:
Did you have the intention of buying except to manipulate the very stock.Thats a fake bid dear and criminal act.
If you want to learn how to push price single handedly, you ask questions from professionals not to claim what you don't know.

Once a bid has been placed, how do you determine whether that it’s fake and the person’s intentions is not actually to buy?
There is actually nothing wrong there unless you can read the human mind to determine the intentions

Locotrader:
Did you have the intention of buying except to manipulate the very stock.Thats a fake bid dear and criminal act.
If you want to learn how to push price single handedly, you ask questions from professionals not to claim what you don't know.

How will you know his “intentions’ except he told you?

UPDC, Conoil and SUNU all on maximum red with full offer despite impressive results. People saw the good results before now and took positions earlier

megawealth01:
Nobody here or anywhere can predict the market... Las las everyone go dey alright including the imaginary newbies

What many put out here with ‘prophetic certainty’ are no more than speculative conjectures. They won’t admit it but it has been proved time and again. Nobody can predict the future, that’s why it’s best to create it!