₦airaland Forum

Oasisblue:
So, you would favour a welfarist system that eventually impoverishes the State, like in Venezuela? I wish Hugo Chavez is alive to see the fallout of his welfarism. The current government in Nigeria is doing well with the reforms. The attendant human suffering is sad, but that's the price to pay. I wish, thoguh, that lavishness and corruption in the corridors of power are curtailed. That's my main grouse ATM.

Words of a privileged person, but I don't fault you. There's Argentina for example. But oh well.

mikeapollo:
The main goal and objectives of a govt. is to improve the welfare, security and wellbeing of the people, especially the majority. Such goal is not to carryout or embark on the so called ''reforms''(sic)
Any kind of ''reforms'' or ''initiatives'' that fail to achieve these goals are virtually meaningless or poorly thought-through or outright useless
We have been witnessing ''reforms'' and ''reforms'' since when IBB introduced SAP (and even before then), what is the benefit?

Sadly, at this point in time, you are not one of us-majority . That you have access to information that has led you to quadrupling your portfolio in the past 2 years makes you part of the peope his focus is on- the smart, business savvy individuals. Be it hook or crook

For those of you who have "people in the abroad" ask them how much is their mandatory monthly insurance bill.

Bulaba is running a highly capitalist environment for a populace with low education- be it skillwise or academic. That's why putting food-on-the-table is paramount to the average man in all of his reform.
"No be reforms we go chop"-An ill-educated response from a genuine place.

Kerefi:
Don't mind me oo.

I bought BUA cement at 161 . When it got to 183, I refused to sell. Later sold at 172. Today it's 168. I missed 11 Naira per share if I had sold at 183. Sometimes, it never goes up

You build skin in the game. Peterichy gave me this in 2020 neimeth went on to do 200%. I quit very early.
.🤣🤣

crownprince2017:
Insurance for his jijo on stocks ba..

Even this one needs to be reinsured🤣

Locotrader:
Loco is also an importer in some of these computer accessories.

We still have good time to play this stock game heavily.

Loco do you have insurance?? another part

Streetinvestor2:
How many insurance package have u or any of ur house hold ever picked. We can start from thr.
why is many of thr quater results released this yr getting worst .Even third party insurance of 15k many Nigerians no get.They had to start using police for it still nothing

Exactly, we know the system doesn't work, but I'm enlightened enough to put my parents under health insurance cover cuz of advancement in age. Me personally I don't have as I rely on my youth and God for strength. These are the inadequacy in the system. With this bill I will be forced to get one not minding my youth. We all know prices of medication now in the market and that will not drop. Quality healthcare is expensive. Now this is one part of insurance.

Streetinvestor2:
....
Why did so many of them trade so high in the past and crashed back to 20kobo and stayed thr for many yrs.It is a cycle because nothing has really changed. Is this thr first Po or Ri when economy was even better. So what has changed

Its mandatory now. Have you asked what insurance marketers do to sell insurance to just one random person with money? Do you know how many "onye boy" businesses are uninsured? No doubt, the time of metrics will come in at some point.
On what has changed, I want to believe we are poised for growth as a nation now. It's me believing for this generation and can't tell on yours or past experience.

kintus, the Q3 reply is no longer necessary....


Insurance is big business and a money spinner for the banks of developed world. Plus now the law makes it MANDATORY, this "no-objection" is relief for insurance marketers in Nigeria. Our 5% insurance pool of 200m will increase. That's the economics.

"Ote$ vs Uncle Tee case of Transcorp" 😂 is playing out. You wonder why SUNU is not running? You snooze, you loose.


I did not recommend you to buy at the top sha oh..

The idea of wealth democratization will never sit well in the halls of the old guards. As much as I don't like it, I might presume to understand and agree with the philosophy.

bastardson:
I just left a thread on Twitter now where people are crying that they lost money since they joined NGX. Most especially on UACN.. I just Dey laugh.

Some of those people should loose money, because some of them just have money to loose some. That they have money, some of them think it's synonymous to intelligence.

SUNU and UPDC, I'm waiting for the gist oo.


As for VFD, missing SH structure. Might just wait for drought season.

SonofElElyonRet:
There's something about Ellah that some privileged investors know but not yet the investing public

Do you have funds that can wait minimum 6 years?

Colynx:
Please, house, I need advice on how to get my money. I initiated a Sell Order on the 4th of the Month, which was processed, and I received X-Alert to that effect. But to date, I have not been credited. I use Chapeli Hill Denham (for my trades, the only difference between this trade and the previous one is that I changed my bank from GTbank to Standard Chartered. Thank you

First off all, Chairman sir, I greet you bros.

Secondly, Where they aware of the switch in accounts? If so, send them another message if it has gone beyond "Transaction date + 3days"

Two insurance coys made it to top 5 on the value chart. On the volume it's all insurance on the top 5 with a cumulative sum of ~#2.5b

Deep pockets will always win!! Small money be smart!

Between NGX and brokers portal, who has reduced IO count units .

Deliberate increase in latency. Bids and offers haven't been live(real-time) for the past couple of days on Morgan.


They collude 🤣🤣

Know why you buy in this market!!

"We opened brokerage account in 2019 with 200k. Journey to the 10 digits"

A trader that uses Ichimoku is not a small trader.

Streetinvestor2:
It looks Tony and partners Intentional made uba RI at premium so they can take up all the RI without question.
Dearis God oh.

How do they say it again: Oh yeah.. "The game is the game"
You have to protect what you love

yMcy56:
OANDO closed @59!!
Strong rushing...
That's around +9% or so...

Until they do circa 30 or 100 that's when I'll take them serious. AGM 6 days away.

otokx:
Something is always cooking in this pot.

Pot no dey ever done😂

If you truly want to keep your company, defend your share price or make them pay a premium. 🤷‍♂️

kintus:
Okay....at least the school fees should come from somewhere else not NSEMPA. Let us lift each other. One man no fit do convoy.

Thank you as always for your time.

That has been the goal of this forum. To limit school fees

Now we can fully understand why Uncle Tee recently opened up shop for Heirs Insurance.

Locotrader:
You dey reason well brother.
In a process of recapitalization, acquisitions and mergers are involved but minority shareholders must make it big in the process.

Na win win for shareholders either ways but know ye that Royalex the oldest insurance has been in existence for 100 years and will be fully recapitalized.

Bids will even reach 200m as we dey go

Its giving "Queen Eliza" vibes. So it can attract pounds sterling if so?!!🤣🤣🤣

If SUNU GROUP can extend the generosity of buying ROYALEX for 10 naira, who am I to complain?

The insurance sector is piss poor!!! From the look of things, only foreign investors(I maybe wrong)can revolutionize that sector.

If we have only 2 insurance coys left on the exchange, so be it.
🤣🤣🤣

Benbuffet:
As you are enjoying the insurance loot, don't forget to beat them at their game. Jump out before they do.

Have you seen your Nigerian banks? Are these the insurance companies that will do damage control?

If you're buying its either for capital appreciation or longterm investing. Someone has alreday told you what will happen in that sector with the recapitalization move.

Stop the fear mongering, but people should know why they buy too.

yMcy56:
SUNU GROUP
SUNU Parent Company pledges to meet any recapitalization thresholds that will be set by the Nigerian authorities....
Parent Company located in France...

https://www.google.com/amp/s/punchng.com/sunu-group-pledges-to-meet-recapitalisation-requirements/%3famp

This bot no try. Just because I said "b@nd4b@nd"

🤣🤣

Zagee:
It is all about time and season. Cheers to the next days of wealth transfer. This one is getting concluded.

But watch out for the bank end ing with a trackback. Don't mention, so there will be no unnecessary rush.

July 22nd.

Day 1

SonofElElyonRet:
It was actually a rhetorical question... Such humongous largesse as gift (doesn't qualify as sponsorship in my humble view), shouldn't sit well with shareholders.. Not aware of any publicly quoted company company in saner climes doling out such massive cash gifts.. I stand to be corrected
Particularly as the President had already given them a generous dole out. Zenith should've done smaller. Profligacy

Manchester United and Audi, what will you call that kind of relationship?