₦airaland Forum

NAT, a good setup for a weekly swing.
June 14 ex-dividend day of $0.15
Possibility of hitting pre-covid high of $6.
Currently trading at $4

yMcy56:
F.G.Z moving but U.A. static, even falling in the face of this banking bull?
I'd thought f.u.g.a.z move together until now

Abeg, let TA person tell us what's happening to ACCESS in particular.......much volume no price appreciation...

If it doesn't move this week.....by Wed/Thur....hhmmm. ..

In another news, market was generally bullish today.....
GT closed @27.15
ZEE @26.45

Access bullish on the monthly with a circa 12 target. Expected swing play on the weekly with a 10.15 support. Daily heavy accumulation still ongoing. Expected breakout imminent.

Highest accumulation in 5 years with over 1.8b in 2 consecutive months.

Access is still cooking.

Agbalowomeri:
Strong support is 1.8
It should retest it first Lol

I personally doubt below 2, but let's see what happens by EOW.

Could the OPEC+ cut backfire on a possible US default??

Barring all ugly surprises, CAVERTON is ready to test pre-covid levels. But first 1.3 challenge.

Transcorp approaching support zone 2.5, will it hold, we see by Thursday.

A good Monday to all as we await ACCESS dividend, launch Dangote's refinery and brace for economic impact.

yMcy56:
CHAMS and E-Transact are in the same business I Blvd....
- ACCESS has increased its stake in E-Transact to 37.56% totalling N12.1B injected in fund....
- I think 2 banks were able to make much revenue recently due to their Fintech use of doing biz...
- CHAMS has 5 major corporate substantial shareholders with shareholdings around 35% of the total share capital of N5B....
* All CHAMS needed is just one catalyst to leap......who knows, a bank or one int'l body may just decide to partner or inject fund into the coy one day or buy the t over..........that's the kind of news Chams needed to blow.........
** Still have bright future in my opinion.

Interesting.

Zagee:
Why is Etranzact not making waves? Is there a mystery to it?

Full bid today with no sales I think. Yesterday was peanut supply. Up about 20% from last post.

Last I checked, Access ramped up its stake to about 25%

NSEINDEX being optimistically cautious. Will it hold till inauguration?

DS might be heading back to 17.50 by next week

Presco waiting to shoot back to 160 or more depending on result outcome.

I think Caverton is ready for some relay race. First resistance at 1.3

Support 2.5. Cutlass?

Abbasmh:
FTNCOCOA has been moving.
Now Full bid with 21M, any news?

Heishere:
The obtained about $6Million loan from a foreign company. How that translates to immediate value is what I don't know.

After all, they complained of lacking sufficient operating capital to boost production and balancing the books. If they could get this. Well, let's watch out.
https://thenationonlineng.net/ftn-cocoa-processors-completes-n850m-debt-to-equities-conversion/

Disclaimer: Still a SHITTY company for now

otokx:
What does this portend for the market?

Can't really say, but if we could see a partial float of the naira just as foreign airlines are having a circa 500 exchange on the dollar, just maybe FPI may flow in. Inasmuch as that subsidy is removed, Nigeria will have to do ALL it can to attract foreign investment. The Stock Market is the first benefactor of such influx.

But all still theoretical

It seems the subsidy removal is happening. (Subject to confirmation)

Fidelity getting 99m and 52m single trade

yMcy56:
Support now @2.98/3.......

As long as it doesn't come below 2

yMcy56:
It has to.....at the right time....
Don't know why they kept keeping the price down....

Zenith don Waka reach 25...
GT 26.35...

GT running like it stole something.

Zagee:
3.12 ceiling, can that be broken by next week?
***

Resistance battle

yMcy56:
Even went as low as 16.80/16.85...

Hope those lamenting then are now smiling.......that's if they've not sold in panic at loss....

Watching ACCESS, cos we don't even know what's wrong with that one ........E go still move sha.

ACCESS will answer the call home in time.

Abbasmh:
FTNCOCOA has been moving.
Now Full bid with 21M, any news?

Ahh. This feels like pandemic season 🤣🤣

Ades1:
If he thinks it is worth 2 trillion why did he offer to buy at 250B?? Believe these vultures at your own risk

For a company with a market cap currently at 40billion, 250 is a fair deal.

Ades1:
Bros I respect you, but like I said lets be guided! At 9,900% the market cap of Transcorp will be N1.5 trillion!

Is it possible for me to become a billionaire tomorrow? Yes, very possible, but is it probable? NO!

Just because anything is possible does not mean we should be throwing imaginary numbers around

Your figures are modest. Ote$ puts it at N2trillion. Why did he push out those figures though?

sophy17:
Rental income is not erratic. It is more dependable if you know how to do it or give it to those who know how to.
Wrong tenants owe, while right tenants don't. Still boils down to doing it right from the start.
You don't use rent for repairs as long as the property is occupied by a tenant. Only external repairs are carried out rarely.
Only major repair/restructuring of property requires govt approvals which do cost some money to process.

Now, no matter what, your property never lose value, even your empty land. Your rental value too also keeps going up, and astronomically too especially in the major city.

Cost(tangible and intangible) of profit

yMcy56:
NO!!
They're on queue to buy or sell as well.

If a stock is in high demand for instance and you couldn't see to buy easily on the floor, you could contact your broker to help you get (maybe at a premium).
So, the Broker may be crossing the ones put up for sale to your acct (instead of selling on the floor), or their acct in order to transfer it to you at certain agreed price(s).
That's my little understanding of it.

Btw, why were you not interested in NAHCO when it was being noised here and recommended by CP and OGG?

Thanks for the brief.

On NACHO, I think I was distracted with another ride or so.

yMcy56:
If I get you right, it's Cross Deals.
We've discussed much about cross dealings here.....
It could be mvmt of stock from one customer's account to another; or from one broking house to another.
The transactions just have to pass thru the NGX Trading Engine for proper documentation and the likes.

As for Morgan, they suppose reward me o.

Lol.
So these ones are just camping outside the gate to get crumbs

Mfunkynation:
GTCO dividend.
Access bank: who has received?
Am yet to be credited

...

[quote author=yMcy56 post=123088562][/quote]Btw, you seem to be a de-facto ambassador for Morgan. So, what is this phenomenon that you'd be having up to 26 trades and you notice up till 31trades, the queue still has not moved beyond bid no.1??

9free:
Which one be French kid again?

Access.

yMcy56:
Lol.
There's class and there are classes.


Btw, Nahco is doing well in market.......
Sighted @13.70....
* Those guys crossing yesterday could be after something...

Noticed so.

We can say better returns for air travel with the recent adjustment in dollar rate for them. Whatever they are cooking, there cup of tea.

I'm narrowed to just three stock this year.
Uncle T, Alhaji wey dey sweet and The new French kid.

3.12 ceiling, can that be broken by next week?
2 bagger

BTW who is "oppression" us with dividend? Choi!!! 🙌

Can Access get French money?? I wonder?

Market is getting dry, so carefully pick your stock or sit in cash.