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BullBearMkt:

A brief Technical Analysis of GTCO
IF GTCO closes 35.25 today,
-then, a daily support is breached
-stock price may "falsely" attempt to rally up (many will think it is going up!) - optional
-Market maker likely to drop the price again
-IF stock is strong, "Level 1" will hold price and price start another rally up
-Failure of Level 1 will cause price to dip lower to test Level 2"

Summary: a close below 35.25 signalled further dip in stock price of GTCO.

Nice one..
If we back out revaluation gain
from PBT for Zemith and GTCO..
Wetin go remain...

Ginalex:
₦40 is my WACC now

Please go by your gut instinct and not by what the naysayers are saying. Same way I was discouraged when some folks learnt that I had accumulated over one million units of OANDO at BEP of 6.80 and talked me out of the "mistake". Sold all my OANDO at 7 naira, and see where it is now, and the potential momentum it's gathering. So please, go with your gut instincts irrespective of naysayers

mikeapollo:


Oando is still undervalued. Check the price of it's contemporaries like Conoil which is selling around N90-100 even though it is more downstream than upstream
Don't be surprised to see Oando clock N50 very soon
The only thing that looks confusing about Oando is the buy out offer of N7. 07 because of the Court case. The Court has cleverly given shareholders the power to either reject or accept the offer and it adjourned the case from March to October2023 i.e. . a whole 6 months for the shareholders to consider all factors and take a decision.
That buy out offer is now dead on arrival. If you are patient to make good profit, go buy Oando before it rises further.
I saw the opportunity more than 2 years ago and started loading it and now I have millions of units!

Conoil is not Oando's contemporary. Oando is not in the downstream business any more, NNPC has bought all that from them. Conoil upstream section is not on Nse. Just the fuel distribution section tgat is on Nse.
Oando is in the upstream sector with Seplat(on NSE)
But OS is one thing to consider before estimating the price.

phoinix:
If this bloodletting goes on, you better reconsider before it's too late. It's better to watch from the sidelines and see evidence that the bloodletting has stopped.

With the relisting in mind, I have no iota of doubt about this decision made

yMcy56:
* UBA: from 12.80 to 13.50 now......
*
* Dangsugar: today na today.......
*Someone or an entity is busy offloading at N52, bargainers also picking up @52........ What's up Sugar?

A brief Technical Analysis on DangSugar
-Buyers located in "Levels 1 & 2"
-Current Price hovering at Level 1
-Failure for level 1 to hold stock price will cause price to dip further
-Some minor buyers located btw 44 - 48
-In case price dip further down, next focus is: 32 - 38 (Not sure price will get here with the stock bullish sentiment)

Summary: DangSugar support level is below 32.20! However, before this level Chart indicate levels where big institutions previously keyed into the stock.

A once in a lifetime opportunity has opened in the banking sector. In this, UBA stands out! I won't talk much.

BullBearMkt:
A brief Technical Analysis on DangSugar
-Buyers located in "Levels 1 & 2"
-Current Price hovering at Level 1
-Failure for level 1 to hold stock price will cause price to dip further
-Some minor buyers located btw 44 - 48
-In case price dip further down, next focus is: 32 - 38 (Not sure price will get here with the stock bullish sentiment...

Good news will likely come in to distort your chart.......as it has done before

Btw, GTCO is back @34! From 32.80 or so....

yMcy56:

Good news will likely come in to distort your chart.......as it has done before

Btw, GTCO is back @34! From 32.80 or so....

I pray so
...but data do not lie! The good news on the chart is Level1 and the subtle level 44 - 48 are still strong levels.

Want to see GTCO close above 35.25 though!

I am now buying Mansard. At least CBN cannot come and tell them not to pay dividend from their forex gains

BullBearMkt:

I pray so
...but data do not lie! The good news on the chart is Level1 and the subtle level 44 - 48 are still strong levels.

Want to see GTCO close above 35.25 though!

dey play. it will happen before ur eyes before 2pm today

vacanci:


dey play. it will happen before ur eyes before 2pm today

...not sure some people understand simple technical terms! Unnecessary

Some of us are sitting only on 2 choice stocks

For dividend purpose we bought UBA @t an average cost ofi #7.82k while 0ANDO is for gambling purpose with an average cost of #5.21k.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Oando continues its steady journey, yet this is just the beginning!. Now over 39m bid, zero offer!

After rushing out, race to rush in begins now...

BullBearMkt:
...not sure some people understand simple technical terms! Unnecessary

Lol. Boss, people's funds are staked here.....
Allow us to hope in peace......

On a serious note, the merger is still ongoing, any update on it, as well as clue on favourable post-listing price can make a significant change.....with the chart making a U-turn....

Hopefully, it won't take so long again.

yMcy56:

Lol. Boss, people's funds are staked here.....
Allow us to hope in peace......

On a serious note, the merger is still ongoing, any update on it, as well as clue on favourable post-listing price can make a significant change.....with the chart making a U-turn....

Hopefully, it won't take so long again.

...yeah! I am not left out as well.
My post are always +ve and trying to help people to see where to possibly buy a stock. The levels I mentioned are possible buying prices.

I have a stake in GTCO also and if possible would love it if price continue to rise. Just trying to interprete the data as it (without emotions!). If price closed above 35.25, I'm happy for it!

I didn't understand any rationale behind stock sell off in September, when we should be building momentum for end of the year and new year rally. That was the reason I remain unmoved..

yMcy56:

Good news will likely come in to distort your chart.......as it has done before

Btw, GTCO is back @34! From 32.80 or so....

Negative reaction is expected...
Especially from income investors...
Need to shift out of dis sector...
Lets hope it is short move....

seems upward movement has started again, we are not done accumulating. More RED, please!!!!!!!

Abi which kind wahala be this, help us beg NSE to let the red continue. some of us have not finished accumulating

Newbies beware

PETERiCHY:
Some of us are sitting only on 2 choice stocks

For dividend purpose we bought UBA @t an average cost ofi #7.82k while 0ANDO is for gambling purpose with an average cost of #5.21k.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

The generational low is here.I don't like the reversal I am beginning to see.Pls we should sustain this red this week.I wish I saw it coming. Cash is King. I hard niaja is about to nuke Niger.The bank results are all fake and doctored

God speed up the cash I want tomorrow or next.

TRANSCORP from #5.4 full offer to almost #6....might close on full bid...

IderadeAratumi:
seems upward movement has started again, we are not done accumulating. More RED, please!!!!!!!

Abi which kind wahala be this, help us beg NSE to let the red continue. some of us have not finished accumulating

The problem is not jumping out but deciding on what price to jump back in. For me, I'm not jumping out any time soon, except I have emergency need for cash.

ProphetUtuocha:
A once in a lifetime opportunity has opened in the banking sector. In this, UBA stands out! I won't talk much.

Please, talk o!

Kindly back your claims with facts. Thank you

Streetinvestor2:
The generational low is here.I don't like the reversal I am beginning to see.Pls we should sustain this red this week.I wish I saw it coming. Cash is King. I hard niaja is about to nuke Niger.The bank results are all fake and doctored

God speed up the cash I want tomorrow or next.

BullBearMkt:
...yeah! I am not left out as well.
My post are always +ve and trying to help people to see where to possibly buy a stock. The levels I mentioned are possible buying prices.

I have a stake in GTCO also and if possible would love it if price continue to rise. Just trying to interprete the data as it (without emotions!). If price closed above 35.25, I'm happy for it!

Its okay sir. Thank you.

GTCO back at yesterday's close, 35.50!!
Wow!! Some people are already sitting on +8% or thereabout......this market sha.


WAPCO @29.50, UBA @14.....turned green......
ACCESS @15.60......
TRANSCORP from 5.45 to 6.03 as at now....

Mpeace:
Conoil is not Oando's contemporary. Oando is not in the downstream business any more, NNPC has bought all that from them. Conoil upstream section is not on Nse. Just the fuel distribution section tgat is on Nse.
Oando is in the upstream sector with Seplat(on NSE)
But OS is one thing to consider before estimating the price.

All you said still points to the fact that Oando is under valued presently.

Conoil is the closest comparable to Oando, apart from Oando selling its downstream to NNPC and having larger outstanding shares. Those are 2 of the biggest indigenous oil companies owned by Nigerians currently listed on NSE
Even before Oando sold it's downstream business to NNPC it's shares were selling for N3-N5 while Conoil was going for N40-N50.
If Conoil is currently selling at N90-N100, then you can expect Oando to rise especially when they start paying consistent good dividends like Conoil has been doing.
My advice is: take a position in Oando with money you can stake for a year or two and reap good returns .
But make sure you attend the Court -ordered AGM and help destroy and kill the buy out offer of N7. 07

Hello everyone. Please is Trove a good place to buy stocks?

mikeapollo:


All you said still points to the fact that Oando is under valued presently.

Conoil is the closest comparable to Oando, apart from Oando selling its downstream to NNPC and having larger outstanding shares. Those are 2 of the biggest indigenous oil companies owned by Nigerians currently listed on NSE
Even before Oando sold it's downstream business to NNPC it's shares were selling for N3-N5 while Conoil was going for N40-N50.
If Conoil is currently selling at N90-N100, then you can expect Oando to rise especially when they start paying consistent good dividends like Conoil has been doing.
My advice is: take a position in Oando with money you can stake for a year or two and reap good returns .
But make sure you attend the Court -ordered AGM and help destroy and kill the buy out offer of N7. 07

Ok

yMcy56:

Its okay sir. Thamk you.

GTCO back at yesterday's close, 35.50!!
Wow!! Some people are already sitting on +8% or thereabout......this market sha.


WAPCO @29.50, UBA @14.....turned green......
ACCESS @15.60......
TRANSCORP from 5.45 to 6.03 as at now....

The banking sectors are all reversed while Dangsugar and Nascon re still on Full Offer Nawaa oo. What a bad market?

BullBearMkt:

...not sure some people understand simple technical terms! Unnecessary

Some don't want to hear that there is a possibility of the market going south.