Agbalowomeri:
Q3 rain/storm Lol
Hopefully, 25 should be a good support

Oga Agba, while nothing is impossible in this market, I doubt if DS can get to 25 again....
* Reason I said this is that DS has been generating good revenues....only shortcomings was/is the FX losses
* If we look beyond FX loss, DS isn't doing bad at all
* 2ndly, if DS fair value stood at 45 when it was trading at 16/17, then, I don't think the fair value by now should be less than 60 (assume we remove the FX loss)
*...and this is not even factoring in the proposed merger yet.

Lol. This is my amateur and quark opinion anyway.
* CP you don ignore your duty post o.

If we rely solely on PA Agba's charts to dictate our investment decisions in the NGX, we risk missing out on opportunities unless a pandemic, military coup, or natural disaster occurs, which no one can predict except God.

yMcy56:

Oga Agba, while nothing is impossible in this market, I doubt if DS can get to 25 again....
* Reason I said this is that DS has been generating good revenues....only shortcomings was/is the FX losses
* If we look beyond FX loss, DS isn't doing bad at all
* 2ndly, if DS fair value stood at 45 when it was trading at 16/17, then, I don't think the fair value by now should be less than 60 (assume we remove the FX loss)
*...and this is not even factoring in the proposed merger yet.

Lol. This is my amateur and quark opinion anyway.
* CP you don ignore your duty post o.

megawealth01:
First time I am seeing a positive news from agba... I love your honesty

Mankind2024:
If we rely solely on PA Agba's charts to dictate our investment decisions in the NGX, we risk missing out on opportunities unless a pandemic, military coup, or natural disaster occurs, which no one can predict except God.

Exactly!
Whosoever will rely on Oga Agba's charts alone won't even trade in this our market at all because fear alone won't allow him buy anything. Lol.

KarlTom:
I also noticed that.
He seems to have a better focus now that garri has become more expensive...

Omo Adamo
Una nor gree buy me garri

bovali:

Everything there was bought last month. Just did rebalancing for q3. Once q3 is ending I will rebalance again

This your strategy is a risky one. I don tell you make u come make I be your protector

onegentleguy:


So you didn't see the cross of the lagging span above the leading span B at the confluence with trendline and KSL effective breakout. (and retest) some days ago.
Your cloud analysis also didn't spot...

After telling folks to wait for GTCO @ N15, ZENITH @ N10 and ACCESSCORP/UBA @ N5, you've now suddenly come back to say this.
Unfortunately, some persons may have taken this dude seriously.

It is well

OGG I no dey look for customers o so rest

yMcy56:

Oga Agba, while nothing is impossible in this market, I doubt if DS can get to 25 again....
* Reason I said this is that DS has been generating good revenues....only shortcomings was/is the FX losses
* If we look beyond FX loss, DS isn't doing bad at all
* 2ndly, if DS fair value stood at 45 when it was trading at 16/17, then, I don't think the fair value by now should be less than 60 (assume we remove the FX loss)
*...and this is not even factoring in the proposed merger yet.

Lol. This is my amateur and quark opinion anyway.
* CP you don ignore your duty post o.

I only gave you like 'worse-case' scenario based on TA for ONLY DS
Other factors will definitely come into play for example a general bull

Edited: I took a look again using the stochastic which is a powerful short-term 'buy' indicator
It shows that it might have rejected the support at 38-40 price region on the daily. However, the weekly is not yet in the buying zone

Mankind2024:
As of now, my 3.5 year old NGX portfolio balance stands at N125 million, following a profit of N110 million taken in April 2024. Additionally, I have investments in Mutual Funds and Money Market Funds worth N6 million. A portion of the profit was invested in the NYSE S&P 500 and the Magnificent 7. Currently, I'm holding a cash balance of N20 million, awaiting suitable investment opportunities, and $14,000 for S&P 500 additional investments. My NYSE portfolio has been active for less than 11 months. I sold all my holdings at the peak of the Covid-19 pandemic and bought sewc heavily in NGX during same period

My Treasury Bill holdings are currently valued at N5 million, and my Bitcoin holdings are worth $6,000. You'll need a long-range lens to get a clear view of my NGX portfolio! I'll share a screenshot after rebalancing by September 2024.
I'm sharing this information to inspire others. I was deeply motivated by the investment philosophy of PA Emma and the veteran investor, Agbalowomeri.
I would humbly advise Agba to adopt the investment philosophy of not trying to time the market. Historically, time in the market outperforms timing the market. If we rely solely on PA Agba's charts to dictate our investment decisions in the NGX, we risk missing out on opportunities unless a pandemic, military coup, or natural disaster occurs, which no one can predict except God.

My first NGX portfolio was established in 2008, but I liquidated it and took a break from the market. I briefly returned in 2014, still struggling to grasp the market dynamics. In 2018, I started a new portfolio with just N5,000, with my index broker. Previously, I paid a 1.35% brokerage commission on all transactions with my two former brokers. However, I discovered my current index broker through an MCy post on this forum, and they charge a competitive 0.5% commission, aligning with my goal of operating a N1B portfolio by 2027, a vision I launched in 2020. I'm not sharing this to boast; rather, I'm acknowledging my blessings and expressing gratitude to God for each day of my life. Interestingly, if you were to meet me in person, you'd never guess that I'm worth over N100,000. I don't have social media accounts, but I'm active on the NL forum. I hope my story motivates someone out there.
I hope to be like Agbalowomeri and Pa Emma by joining the N1B portfolio gang holders. Lol

I am inspired, thank you for sharing. Please, how did you start your NYSE? Are u above 30 yrs?

kudos to all the contributors

Agbalowomeri:
I only gave you like 'worse-case' scenario based on TA for ONLY DS
Other factors will definitely come into play for example a general bull

Edited: I took a look again using the stochastic which is a powerful short-term 'buy' indicator
It shows that it might have rejected the support at 38-40 price region on the daily. However, the weekly is not yet in the buying zone

This is better and more like it.
Thanks so much sir.
Pls make una dey help us check when indicators started showing likely rally or reversal up . 🙏😊

bovali:

Don't worry, like i said earlier, i will not speak on Oando again. But this Japaul, I hope its not this equipment rental that you are looking at as long term revenue? Okay o. DD advised as always

Ok, I see you point. You don't consider revenue from rental income worthy of mention which is fair enough. However, note that that has always been their business model. They started out leasing equipment to the O&G industry - barges, tug boats etc. Then they added sand dredging and leasing of dredgers. A few years ago, they veered into the quarry business and have now recently shifted focus to solid minerals mining.

Recently, they announced a private placement to a foreign investor at N2.50 which is awaiting regulatory approval. I reckon it's the reason the share price has been trading sideways for sometime now. I guess the market is awaiting the finalisation or confirmation of that deal and the forward plan.

Please note that I'm not placing a BUY on Japaul just providing my own commentary. I expect everyone to do their own DD.

People just want to hear bullish trends always,but in stock you have positive and negative trends.

naturalflow:
People just want to hear bullish trends always,but in stock you have positive and negative trends.

That's not true.

people who have not finished accumulating will be praying for bearish trend so they can take position.

If Presco for example is going down, do you know how many people will be happy about it? Even those that already have it will want to accumulate more. The long haul is the koko. This is so they can have entry opportunities.

naturalflow:
People just want to hear bullish trends always,but in stock you have positive and negative trends.

...outside trends we have range (or corrections)

Agbalowomeri:


I only gave you like 'worse-case' scenario based on TA for ONLY DS
Other factors will definitely come into play for example a general bull

Edited: I took a look again using the stochastic which is a powerful short-term 'buy' indicator
It shows that it might have rejected the support at 38-40 price region on the daily. However, the weekly is not yet in the buying zone

Agba & TA Part - 2

I began investing in the NYSE in April 2021. I was one of the fortunate followers of the US stocks pick alert who successfully opened an account with Trading 212 (T212). Unfortunately, they no longer allow Nigerian investors to open accounts with them. T212 offers free buying and selling on their platforms.
My greatest regret was panic-selling and liquidating my NYSE portfolio at the peak of the Covid-19 pandemic; I sold my investments at a terrible low price.
I'm referring to Berkshire B, Tesla, and S&P; if I had held onto those stocks until now, they would be worth around $150,000. However, my instinct led me to bet on the NGX market recovery, which resulted in my current holdings in Transcorp plc, Ikeja Hotel, UCAP, UBA, Zenith, NAHCO and others small capitalised stocks on NGX. Even after rebalancing and profit-taking, my current NGX portfolio balance is more of profit.
My goal in NYSE is to achieve a $1 million portfolio balance by 2030. Currently, I'm in my Early 40s and aiming to (FIRE) by 55.

thebargainhunte:


I am inspired, thank you for sharing. Please, how did you start your NYSE? Are u above 30 yrs?

Paul Jegede's reputation and integrity are comparable to those of Mr. Wale Tinubu. Notably, he even ventured into cryptocurrency businesses at a point, demonstrating his willingness to explore opportunities where there is none.

Omooloriredade:


Ok, I see you point. You don't consider revenue from rental income worthy of mention which is fair enough. However, note that that has always been their business model. They started out leasing equipment to the O&G industry - barges, tug boats etc. Then they added sand dredging and leasing of dredgers. A few years ago, they veered into the quarry business and have now recently shifted focus to solid minerals mining.

Recently, they announced a private placement to a foreign investor at N2.50 which is awaiting regulatory approval. I reckon it's the reason the share price has been trading sideways for sometime now. I guess the market is awaiting the finalisation or confirmation of that deal and the forward plan.

Please note that I'm not placing a BUY on Japaul just providing my own commentary. I expect everyone to do their own DD.

Agbalowomeri:


OGG I no dey look for customers o so rest

This return fire is not strong jere.You needed GPMG shot

Ding!

Dingote

CORNERST
https://doclib.ngxgroup.com/Financial_NewsDocs/41593_CORNERSTONE_INSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2024.pdf

In another News:

https://doclib.ngxgroup.com/Financial_NewsDocs/41589_AIRTEL_AFRICA_PLC-TOTAL_VOTING_RIGHTS_AND_CAPITAL_ANNOUNCEMENT_CORPORATE_ACTIONS_JULY_2024.pdf

https://www.thisdaylive.com/index.php/2024/07/02/discos-raise-revenue-by-n42-4bn-after-230-hike-in-tariff-for-premium-customers/

https://thenationonlineng.net/totalenergies-to-acquire-60-stake-in-sao-tome-and-principe-asset

Mankind2024:
Paul Jegede's reputation and integrity are comparable to those of Mr. Wale Tinubu. Notably, he even ventured into cryptocurrency businesses at a point, demonstrating his willingness to explore opportunities where there is none.

Unfortunately, I can't defend him. I was unimpressed when he ventured into the quarry business after all the opportunities listing on the NSE afforded him.

I'm keen to see what comes out of the solid minerals mining and refining venture. There are opportunities not just for Japaul but for Nigeria as a whole in this space. I won't be holding my breath though.

This is for Airtel...

yMcy56:
CORNERST


https://doclib.ngxgroup.com/Financial_NewsDocs/41589_AIRTEL_AFRICA_PLC-TOTAL_VOTING_RIGHTS_AND_CAPITAL_ANNOUNCEMENT_CORPORATE_ACTIONS_JULY_2024.pdf

KarlTom:
This is for Airtel...

I no wan post the Q4 before, but as you talk, I don post the link

** For WAPIC, hope those buying above 0.69k did their findings very well...
OR there's an update to the buyout price?
OR maybe no delisting again?

Mankind2024:
I began investing in the NYSE in April 2021. I was one of the fortunate followers of the US stocks pick alert who successfully opened an account with Trading 212 (T212). Unfortunately, they no longer allow Nigerian investors to open accounts with them. T212 offers free buying and selling on their platforms.
My greatest regret was panic-selling and liquidating my NYSE portfolio at the peak of the Covid-19 pandemic; I sold my investments at a terrible low price.
I'm referring to Berkshire B, Tesla, and S&P; if I had held onto those stocks until now, they would be worth around $150,000. However, my instinct led me to bet on the NGX market recovery, which resulted in my current holdings in Transcorp plc, Ikeja Hotel, UCAP, UBA, Zenith, NAHCO and others small capitalised stocks on NGX. Even after rebalancing and profit-taking, my current NGX portfolio balance is more of profit.
My goal in NYSE is to achieve a $1 million portfolio balance by 2030. Currently, I'm in my Early 40s and aiming to (FIRE) by 55.

Please which platform is this

yMcy56:

Oga Agba, while nothing is impossible in this market, I doubt if DS can get to 25 again....
* Reason I said this is that DS has been generating good revenues....only shortcomings was/is the FX losses
* If we look beyond FX loss, DS isn't doing bad at all
* 2ndly, if DS fair value stood at 45 when it was trading at 16/17, then, I don't think the fair value by now should be less than 60 (assume we remove the FX loss)
*...and this is not even factoring in the proposed merger yet.

Lol. This is my amateur and quark opinion anyway.
* CP you don ignore your duty post o.

never ignore na, you and oga Agba have done d needful to DS, all u na opinion make sense... I have not been courageous to check the numbers due to Forex issues dealing with the company, a company with previous good oxygen slip into negative retained earnings

the stock may continue shedding price until good news comes into rescue... though if no general bearish don't see the stock @ 25 level. Technically i have strong support @ 32/33 which am watching with keen interest

currentprice:
never ignore na, you and oga Agba have done d needful to DS, all u na opinion make sense... I have not been courageous to check the numbers due to Forex issues dealing with the company, a company with previous good oxygen slip into negative retained earnings

the stock may continue shedding price until good news comes into rescue... though if no general bearish don't see the stock @ 25 level. Technically i have strong support @ 32/33 which am watching with keen interest

Thanks boss.......this is a relief.

"Watching with KEEN interest" hhmmm
Boss abeg carry me/us along when you sight green light ooo 🙏
Na you I follow reason this DS as well as UCAP all the way from circa N3/4......and quite a lot of stocks on NGX at different times. You've really done so well here sir.

Mankind2024:
@Bovali, you're doing remarkably well! To avoid situations where your kids may ask you questions that you can't answer, I suggest you consider adding the Mag7 or S&P 500 NYSE to your portfolio. This would mitigate the constant forex losses in NGX and possibly beat future devaluation of Naira and ravaging global inflation.

I have an exposure of 90k usd in the S&P 500 index. I split my assets 60/40 between Naira and dollar. So everytime I get some funds I just convert to usd and add to the s&p500. There’s an options model I use to help time entries better and it’s been 85% accurate so far

* Before una go talk say I dey monkey hunt....

Agbalowomeri:


This your strategy is a risky one. I don tell you make u come make I be your protector

Let me explain what I mean by rebalancing. So last quarter I got into oando end of q1 and that was my best return (40%) so I sold to buy things that are yet to move up which you can see in my current portfolio. But if at the end of q3, any of them are above 40% and there are some that are still stagnant and haven’t moved, I would sell that 40% to buy more of the stagnant one (that is after I do dd to ensure I still maintain the same view on the stock). And if I’m rebalancing at the end of q3 and see that stocks like oando retraced back to 10-11, I will buy again. Truth is, opportunities will always come so I don’t have any attachment to any stock

bovali:

I have an exposure of 90k usd in the S&P 500 index. I split my assets 60/40 between Naira and dollar. So everytime I get some funds I just convert to usd and add to the s&p500. There’s an options model I use to help time entries better and it’s been 85% accurate so far

All these big big numbers wey una dey quote dey intimidating oh. Me with my N10,000 portfolio wetin I go do?

Omooloriredade:


Ok, I see you point. You don't consider revenue from rental income worthy of mention which is fair enough. However, note that that has always been their business model. They started out leasing equipment to the O&G industry - barges, tug boats etc. Then they added sand dredging and leasing of dredgers. A few years ago, they veered into the quarry business and have now recently shifted focus to solid minerals mining.

Recently, they announced a private placement to a foreign investor at N2.50 which is awaiting regulatory approval. I reckon it's the reason the share price has been trading sideways for sometime now. I guess the market is awaiting the finalisation or confirmation of that deal and the forward plan.

Please note that I'm not placing a BUY on Japaul just providing my own commentary. I expect everyone to do their own DD.

I understand, but for rental income to increase you need more equipment to rent out. I didn’t see where they bought more PPE for this. So what are the prospects for revenue improvement? What is their path to profitability? If the private placement goes well, from current prices that’s a 25% return to 2.5 but if it doesn’t go well and it drops to 1 Naira that’s a 50% loss. From a risk to reward perspective, I wouldn’t come near it