₦airaland Forum

PuristForest:
I like Chams, but if you're in then you have to watch it closely, let me tell you why. The price has not made any significant correction, the top at 1.27 only retraced 32% ...implicaation is that the top at 2.5 may be a secondary top wwhic may retrace evenfurther to around 1.27 ranges, that is where the real support is, there is none arond its current price or 1.9....so just watch it..best of luck...however, if it goes according to your setup then 2.8-3 region is at hand thats 50% there..

When Japaul has remained above 1.5, I don't see Chams going back to 1.27

I don join Chams again. Waiting for another round of magic

kolaish:
With due respect please. There are more than enough information on crypto on its segment in nairaland. So, kindly refer anybody to the crypto segment of nairaland if they want to know about it. Let's maintain decorum by keeping this our forum to mainly stocks.

No vex plenty. Na part of the small profit I made here I decided to diversify. I had a pleasant experience so I thought I should share with my investor friends. All are legitimate investments. Not everybody has time to move from thread to thread. I have also learnt things here that are not stocks related. The most important thing is to limit it to minor contributions because we all know that this thread is mostly for stock pick

@customstreet, this Infinity recommendation no work ooh. What is the use of a recommendation when we no see the stock buy. Please help us with another stock pick

Mfunkynation:
Wow... which exchange? what process did you take?

Binance app. Just download the app and strictly follow the app instructions

I just sold small quantities of my small crypto portfolio to test the withdrawal process (I diversified into crypto barely 2 months ago). Fiammm, within 10 minutes, money landed in my naira bank account. Oyibo too much. Dem no like stress. I'm impressed

jamace:
*COPIED*

FINAL EXIT OF P&G: Farewell my 1st Love.

I finished my Youth Service in Feb. 2005. I was given a letter of recommendation from where I served in Jos (Vitafoam Nig. Plc). I was scheduled for an interview at their Head Office in Oba Akran, Lagos. I was to resume in their Kano Branch as Maintenance Engineer but religious crisis happened around that time. They had to shut down the Site to forestall collateral damages. Hence, I had to officially be flung to the ocean of "labour market". My first bite of "Nigeria Happened to You".

Fast forward to 2007. I had switched to full computer engineering. I cloned Computer systems for people and repaired same in the popular Computer Village in Ikeja, Lagos. I just dey hustle anyhow to make ends meet. I always trekked from Opebi, where I was staying with the Owolabi's (May God bless that family for me) to Egbon Ojo's Office in Computer Village where I normally perch with my flash drive tied to my neck as symbol of a computer guy. It's in this state Sister Opeyemi Ajayi sent me a link to text my details to in Ibadan. I did and from that text message, my journey of 11years commenced.

I sincerely didn't know how big P&G was. I already passed UAC Management Trainee Test, scheduled for their Medical when P&G interviews were going on. A classmate I met at UAC in Lagos complained about their work culture, which was not too palatable. I shared my predicament with Pastor Kehinde Owolabi who told me how big the Company was in UK where he stayed for years. How Nigerians even lobbied and prayed to be their adhoc staff. This made me settle for P&G as my First Career Love. I resumed Sept. 13, 2007.

P&G would first host you for a month in Kakanfo Hotel in Ibadan if you didn't have anyone to stay with in Ibadan. All bills on them. The Company had bus that conveyed you to and fro the designated Bus Stop. You're trained about the culture of the Company for One Month. Free healthcare in the best hospitals in Ibadan and Lagos. Quality food at the canteen. My first salary was huge then because of all the prorated allowances. For the first time, I was treated with dignity. Naturally, the company gave me a sense of ownership till tomorrow.

Chief Olusegun Obasanjo might have his negatives but Ebora Owu knows Economics. He blocked border against products being manufactured in Nigeria. Businesses were booming. We work round the clock to meet up with orders from distributors. We only shut down on 24th December and startup night of 25th. Same thing for New Year Anniversary. We shut down on the 31st, start up 1st January Night. Full operation by 2nd. We couldn't cope with the demands. P&G had to be forced to invest more in Nigeria.

I first travelled out of Nigeria courtesy of my First Love, P&G. I, with four others were sent on an automation training with Rockwell Automation in UK. Our Nigerian coursemates for that One Month were people from Total, Mobil, etc. No manufacturing company dared such investment but the almighty P&G. You're escorted even to Visa Office by Mobile Police entourage. You're taken to and fro the airport with same entourage. Because they see you as asset that nothing should happen to. Imagine giving "ordinary technician" such honour. That's my P&G for you.

"AGBARA, THE FUTURE."

Because of the market demands, P&G decided to expand their investments in Nigeria. Paper section of the company was relocated to Agbara. Over $300Million was invested there with state of the art facility built by Julius Berger Nig. Ltd. We had Gym facilities. We had massagers. We had table tennis. We had football pitch. We generated our own power with a massive Gas Generator. Your badge is the access to doors, offices, canteen, gym, everywhere. These were the stuffs you only saw in American movies like 24.

P&G prioritizes trainings. Some of my guys like Betiku Olubunmi Jude , Gbadamosi Adekunle , etc were on training for the new production lines in Cairo for a complete calendar year. If you're married, you could go with your family, even some that gave birth there like Samson Oloyede Johnson went with Malle that did omogwuo in Cairo. My friend even named his child after the Cairo Doctor that meant a lot to their family. That's how important you are to that Company. They value you. How would you not love such company? The Femcare guys like Stanley Emite , Aderanti Yomi , Adewale Ajibade ,etc, went to Germany for theirs. That's how big P&G was.

"Agbara, the Future" became the slogan. That was the plan before Nigeria happened to my beloved P&G. The startups for the new lines started getting extended due to our Nigerianness. Custom's policy summersaults started affecting the logistics. Border flung opened. Cheaper products littered the market courtesy of another Govt policies. 3 brand new babycare lines were brought for initial installations but only 2 could be installed. Cheaper products had taken over the market before we produced our first diaper. The "future" was punctured from the world "go".

We would produce but no one to buy. Sometimes you wanted to produce, Shell might tell you, they couldn't supply gas to power you generator. You had to switch to expensive diesel to power the other diesel generators to produce to meet up with the little demands. To transport the finished products became a challenge too. The roads were horrible. Containers doing gymnastics by summersaulting anyhow on those gully-holes (because those were not potholes). I even learnt the companies around the axis like GSK, UNILEVER, P&G, to mention but few approached the State Govt and proposed to fix the road with a possible tax waivers to no avail. They told them to bring the money while their works ministry help them fix it. The companies backed out because of the integrity of the govt. Hence, the road became unpassable over time.

I will be hypocritical if I failed to mention few of the damages done inhouse. Before we even left Ibadan, stories of how pallets of products were disappearing in Alomaja wearhouse became regular news. To the point that a whole truckload of products was rumoured missing... T'ori Olorun! Guys became overnight millionaires at the expense of the company. Contracts were inflated anyhow. One that I was particularly privy of: Our chiller had issues. I and Oluwatomisin Adeoluwa Adetola narrowed it down to a defective Compressor. We sourced for a supplier online that promised to bring it the next morning. Price was #600k with installations. We presented it to the TSG Manager then. He claimed it won't fly since the guy was not on the list of suppliers. Lo and behold, the guy given it to presented #2.4m. He couldn't even fix the electrical connections, I was the one compelled to fix it for him. How that made sense to anyone I don't know.

Agbara ceased to be the future courtesy of both external and internal self-destructive birthed out of greed and untamed avarice. The investors borrowed us $300m at the exchange rate of less than #200/$. In Buhari's first 6months, it had jumped to #500. He fell ill and Prof. Osinbajo was able to stabilize it at #350/$. P&G had no alternative than to do all it could to stay afloat business-wise. Gradual retrenchment was introduced. Flow-to-work became the mantra. Before the next OGSM in 2018, it was decided Agbara plant should shut down! Hundreds of professionals retrenched. I remember the words of Akinola Jibola while we were powering down Babycare Line 1: "We are shutting down what should put foods on the tables of the generations to come." It daily rings in my ears.

I hoped against hope P&G would come back but it won't. I first heard about it from a top echelon before it became 'kariile' news. You prayed such news shouldn't be true. No one finds it easy to share the demise of his loved ones. Adieu my 1st Career Love. You actually "Improved and touched our lives". You meant well but we honestly don't deserve you. We messed you up. If you're only being abused by outsiders, you could have stayed but abuse by your loved ones was the last straw that broke the camel's back. All your "offsprings" like Ariel, Pampers, Always, Duracell, Oral B, etc would always have my endorsement any day, anytime. Love you P&G.

Culture will always eat strategy for breakfast. Our bad culture generally is the number one reason we are in a big mess. So sad

Locotrader:
Let's see how far they can go in the next five years.Indeed a growing stock

Ossai: Domestic, Industrial Waste Management Must Be Given More ... https://www.thisdaylive.com/index.php/2023/11/27/ossai-domestic-industrial-waste-management-must-be-given-more-attention?amp=1

I don't know why the stock is foot dragging

My small crypto portfolio of less than 2 months did 100% this morning. The thing just dey gallop but fear no gree me add more money

Is omatek undergoing restructuring?

Agbalowomeri:
December/January high chance of continued bull run.

February to your tent O Israel

I think NGX is resetting prices after close to a decade of price stagnancy in most stocks. For instance, I just saw that Zenith bank was sold for around N25 in June 2014. So the price pattern for next year may be unusual. Fingers crossed.

aj8:
My common sense target for TIP is N1.92. Range N1.92-N2.40. Bought some on Friday @ N1.01 . Will buy more only below this price.

We bought hope in TIP but it seems FA has now joined body with our hope. Thank you for the analysis

KarlTom:
Dangote Foods news imminent!

I pray so

yMcy56:
TRANSCORP @6.94 as at now ......
Accumulation still ongoing......

*Edited*

Pullback activities in NASCON and Dangsugar!
Are we expecting some news?

Any other news besides official suspension and listing of the new company

ositadima1:
Half of the 700k is done. By tomorrow, the entire 700,000 will be finished and ready for collection. As I stated with absolute confidence, the 700k is guaranteed.

3.5m na big money to commit to such very risky endeavour, considering that particular vehicle has travelled far all the way from 3.something

Locotrader:
Ekuu market opening remark.

Insurance stocks to lead today.MB, Veritas, custodian, conerstone, Linkage, Nem,etc.Beware of insurance stocks katakata.Take position in those with good numbers as listed above.

The initiates director's dealing not yet over.One Director offloading @ 1.01 and another Director buying at same price.price may not move until the deal is over.Interested people should get the available units at the offer side before it dries kpatakpata.

Market is getting bullish ooooooo.
Take position in the stocks with good numbers and stocks set to pay dividends.

I loaded TIP last week. Fingers crossed

I discovered that on Morgan Capital, you can withdraw your funds immediately after selling stocks whereas on Meritrade you need to wait 3 days for settlement before withdrawal or you pay an extra fee to withdraw immediately. Why is that the case?

sboga:
ibo pesin stock ..trust dem nombers, i trust wale more

A very disgusting and shameful comment

Locotrader:
I thank God for the person I am and who I will continue to be.
Which other stock recomendation do I need outside Nsempa where things are happening.
So many stocks have been recommended here and people are sitting on decent profits.Just look at Multiverse that was pointed last week.Stock recommendations is in types.Some recommend and it happens instantly and some recommend and it takes 2-3 years before gbe body.This same stock recommendations is what almighty Cp give us here for free.chai......my goodness.
Now, you have to pay to get a stock recommendations which is picked from Nsempa house.Make una shine una eyes.Hunger dey for Naija.

I think people can choose what they want. Do you want paid direct recommendations or free recommendations on nsempa where you will have to sieve the chaff from the wheat. For me, I chose nsempa for now

Heishere:
What did you guys see in Deapcap?

Hope. Lol

Chams and Deapcap ended the day on full bid while TIP had 5% gain. The struggle to hammer continues tomorrow

Chams tilo full bid

megawealth01:
Can you risk spare money on Unilever and VeritasKapital at #13+ and #0.29 respectively?

Not a recommendation anyways

I dey DS, NS, Chams, TIP and Deapcap in decreasing order. No more money. Make I no go spend money to chop food for stock trading

megawealth01:
Well there could still be more from some selected stocks before March 2024

I hope so because for the most part of this year I've been with my phone monitoring stock prices live but I still missed such opportunities. Truly na by grace, not by muscle

The magic this year has happened in little known/little mentioned stocks. All that was needed was a little dose of luck and patience. CWG for instance has done 800% this year so far. Very remarkable

Stocks recommendation is one thing, but entry price is the koko

I'm yet to receive NS dividends

megawealth01:
Abeg give me name pls... Abeg no mention Oando ooiii

Deapcap and TIP but if you have not entered up till now, wait for pull back, especially if you want to join Deapcap. But my major portfolio is DS/NS

Fundamentally sound stocks to the back seat while obscure stocks are having a shine. The bigger the risk the bigger the reward. Me I don join one of the buses few days ago to participate in the bazaar

emmanuelewumi:
It appears the merger of Dangote Sugar, Dangote Rice and NASCON will be concluded by the first quarter of 2024

I was thinking it will come like a thief in the night this Q4

Where was I when all these gains were happening YTD? All the obscure stocks, na there magic dey happen. Na wa o

yMcy56:
TIP na "The Initiate Plc" offering waste management and consultation services

You can read this article to know more about their biz model:

https://nairametrics.com/2019/04/01/about-the-initiates-plc/?amp=1

Thanks.