₦airaland Forum

BullBearMkt:
...you've done very well for yourself @Jonwest

BullBearMkt:
Once upon a time, a wealthy and wise father, gave his two sons, Olu and Ade, equal amounts of money to invest in the Nigeria stock market. Ade, "loves to punch numbers" to find stocks to invest in and regarded other stocks outside this as monkey hunting and gambling. Olu on the other hand, enjoy picking stocks that have large money flowing in & filter social media for news.

Olu noticed stocks that met his criteria and bought them thereby turning his given money by 500%. Ade, because of the economic situation of Nigeria, kept his money because all the stocks rising are regarded MH and gambling.

Months later, their father called them together. He praised Olu for his diligence, foresight, and courage, rewarding him with additional capital to invest. "You've multiplied what was given to you," the father said proudly, "and you shall be entrusted with even greater responsibility."

Turning to Ade, the father expressed disappointment. "You played it too safe, ignoring opportunities in fear and regarding Olu as gambler. You will lose part of your investment allowance and I will give them to Olu.

The characters and events in this story are purely fictional.

ololufemi:
For those on this forum who own Oando, word on the street is that they have sold a significant portion of theirs between NGN80 to NGN90, so leave matter for Mathias (apologies to Pa Emma).

Zagee:
Japaul in loss. But overall, good to see significant improvement from its operations. We watch.

All these FUGAZes.

Zagee:
Market has been stale. All the sharks are in Rivers State. Honeywell still on the radar. Insurance insuring.

In the mean time, a hotel is up for sale in Port-Harcourt. Valuation 750m. Private chat me for details

Panadee:
I agree with @Zagee

Sometimes, it just doesn’t make sense.

Heard that they are collaborating with a foreign firm to use electric motors/vehicles for their water transportation venture, but how profitable could that be?

ojeysky:
But do you know what is moving Caverton? It already exceeded its 52w high and seem to be heading towards it's historical highest price

Zagee:
This is our YEAR. We eat big. Again!!

designking:
One stock picked on this forum I regretted not joining was Caverton. Somebody mentioned it on this thread when it was still very cheap and ripe for entry, I just placed it on my watchlist without investing some money on it.

This morning, I reviewed my watchlist, and I was shocked Caverton has done over 80%.

BabsO2:
Someone asked about the domestic dollar bond. It was over-subscribed.

The federal government had on Wednesday announced the raise of over $900m from its debut $500m domestic dollar-bond offer that closed last month, August 30,2024, with an interest rate of 9.75 percent per annum for 5 years.

Omooloriredade:
You and Top Agent Ololufemi
🤓🧐
I bow

KarlTom:
If you are referring to the likes of Eterna, MRS, they are Official Domestic Sales Distributors of Dangote Petroleum Refinery Products in Nigeria.

I don't think any coy signed a right-to-purchase agreement with DR...

ojeysky:
Okay that's an aspect I didn't factor in...I just checked that and men considering the level of splitting yes indeed I stand corrected o. 1m turned 500m within 4 years! Wow!

ojeysky:
Unless the person was trading (selling high and buying low) I don't see how 1m naira worth Tesla will be 500m naira now. The lowest Tesla sold during COVID was at an average of around 15usd, exchange rate in 2019(covid started in 2019) was around 380. Price of Tesla later peaked at 400usd+. So it should not be worth more than 110m now.
Irrespective it's sad how bad Naija economy and exchange rate has become within just 4 years!!!

KarlTom:
Sadly/Ironically camps can never be settled. From MEND to NDPVF.

The money on the table is HUGE

https://businessday.ng/politics/article/oil-pipelines-surveillance-contract-how-asari-dokubo-is-trying-to-eat-tompolos-lunch/

megawealth01:
Aradel To Acquire NNPC, Totalenergies Oil Fields

https://punchng.com/aradel-to-acquire-nnpc-totalenergies-oil-fields/

Bulaba should have given Oando this too

megawealth01:
Why you remove F

megawealth01:
If you have info about UBA RI please share here...

Thanks

megawealth01:
You work for them?

Sunrisepebble:
https://nairametrics.com/2024/08/09/federal-government-allocates-n20-billion-monthly-to-julius-berger-for-82km-abuja-kano-road-dualization/

megawealth01:
You surely have an eagle's eye

Capitas7:
Original post trimmed to save space.

I agree with this thought.
He has said it before that insurance is en easy money-making machine. Berkshire's sell off is very selective across his interests. I haven't read/heard of sales of Spotify, Coca-cola, Occidental pet, Amex (seeing it for the first time in your post), insurance etc.