Mankind2024:
The Power of Financial Panpsychism: A Personal Experience.
Panpsychism is the belief that everything has a mind or consciousness. My experience with financial panpsychism is deeply personal.
Many years ago, while studying at the University of Lagos, I struggled to pay a school fee of less than N1,000. My elder sister, the breadwinner at the time, helped me out. She said, "Iwo omo yii, mi o ni owo, owo po ni owo mi" ("My brother, I'm broke and financially handicapped". I reassured her, "Don't worry, I'll pay you back in dollars." This was my ultimate goal after graduating, but I never left the shores of Nigeria despite the opportunity, as I wanted to be my own boss.
In 2011, I opened a domiciliary account, driven by an unexplainable desire for US dollars. I started buying dollars on the black market, even though I didn't have a primary reason for doing so.
Recently, in June 2024, I accidentally sent N2 million to my sister's account, intending to transfer it to my brokerage account. She was speechless when I told her it was for the rest of the year family upkeep and maintenance.
I had promised her dollars years ago and also fulfilled that promise by giving her an additional $1,500. on 14th August. She was thankful, and I felt the power of positive thinking and confession in action.
My only challenge with my siblings is their belief in giving 10% of every money I give them to their churches. I'm not a fan of contributing my hard-earned money to the lavish lifestyle of religious leaders. I always add a caveat to the transfer: "STRICTLY FOR YOUR UPKEEP, NOT FOR CHURCHES."
I believe in God and trust in His omnipotence, but I don't attend church. I see my heart as the pure temple of Christ. I believe Nigeria's reliance on prayer camps during business and active working hours, instead of taking action, hinders the country's progress.

With all due respect don't bring religion into this honorable thread as that will bring out a lot of emotions...

I avoid topics about certain topics here because BELIEF system should be personal...

We are here for money making and should actually focus on that...

emmanuelewumi:



Which will enhance your social capital . Women are strategic about going into relationship, I don't know why men are not playing the game that way

Social Capital...... Na waaaaaaaaa
We learn new vocabularies everyday

Ibrahim505:
Many youths are good in making money until they got married when the financial struggles kept compounding-the rat race.
Those who prefer reading, saving and investing over patronizing erection industry are more likely to join the wealthy class.

Erection industry
Nairaland no go kill person

megawealth01:


With all due respect don't bring religion into this honorable thread as that will bring out a lot of emotions...

I avoid topics about certain topics here because BELIEF system should be personal...

We are here for money making and should actually focus on that...

I support this one with one crate of Heineken

Picky1:


Absolutely unnecessary.....especially considering the difference in age you have just been informed!!!

Noted sir! And on this note I withdraw any words or words that seems improper to him as an elder.

I only attacked his initial post that birthed all these, because that post was made in bad faith and from selfishness and being inconsiderate. A business should have a principle and humanity otherwise it is a cardinal sin according to Mahatma Gandhi.

Any person that wants to act without considering others doesn't deserve his own emotion or interest to be considered ( law of retribution)

This place is special community that we all hope will outlive each of us and remember the young shall grow. Pa Emma, OGG , Current Price, Mcy etc hold the high table today but tomorrow another set of younger people that will hand over to another even younger will take over and I pray and I hope to be among those tomorrow people that will hold here for the next set. In all, consider the other person in whatever you are doing otherwise it could end in chaos and anarchy.

So on this, I say SORRY to Streetinvestor if I use an unconventional or untowards words on him.


Happy Sunday and greet your son for me

emmasoft:


You can sign up online with Investment One Stockbrokers using the third link in my signature.

you will need a passport photo, a government-issued ID card, a utility bill not older than three months, and your signature.
please note that investment one will not ask for cash to open an account, it's free. Be in touch if you need more clarification.

Dear Emma, I took my time to look at the offerings of a few trading platforms. I finally decided to settle for Stanbic IBTC funds. I prefer their offerings as I am not keen on daily trades. I have signed up with your referral link, awaiting for account e-account number. I will be in touch if I need clarifications. Thanks.

BullBearMkt:
WATCH-OUT FOR TRANSCORP THIS TRADING WEEK
Last week, 4 possible levels that Transcorp could possibly reverse were indicated. The price is likely to touch the first level. All that is needed is to wait for price rejection at this level.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Thank you so much.in addition,transcorp is paying their 10kobo interim div tomorrow.#additionalfuel.

BullBearMkt:
WATCH-OUT FOR TRANSCORP THIS TRADING WEEK
Last week, 4 possible levels that Transcorp could possibly reverse were indicated. The price is likely to touch the first level. All that is needed is to wait for price rejection at this level.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Don't you think that the main issue around Transcorp is the share consolidation? There seems to be a strong support at 10, which maybe the target price of the company or the market, so the post consolidation price will be 40 at the proposed 1:4. Consequently an appreciable upward rise from 10 could be difficult.

emmanuelewumi:
What you should not do with the proceeds from the sale of a property.


1. Don't use it to buy a car
2. Don't use it to fund your vacation
3. Don't use it to pay rent or school fees.
4. Don't use it start a new business that you don't have experience managing.
5. In fact don't use it to upgrade your lifestyle


Rather use it.

1. To buy cheaper property with growth potential
2. To complete your abandoned property
3. To expand your business
4. To buy cheap fundamentally sound stocks that are paying dividends
5. To buy other financial assets like mutual funds, FGN bond and Eurobond

Thank you for this. You are an investment Colossus

But one can still use it to buy CAR if he want to use the car for UBER OR BOLT or if his job's earning ( eg law or doctor or land agent ) will improve by the present of car.
I hope I am right with this toddler sense

MARKETJJC:



Thank you for this. You are an investment Colossus

But one can still use it to buy CAR if he want to use the car for UBER OR BOLT or if his job's earning ( eg law or doctor or land agent ) will improve by the present of car.
I hope I am right with this toddler sense

Save money and buy your car or get a loan to buy your.


The proceeds from such sale should be "Heritage Fund"...


One of my cousins bought 4 cars from his own share for Uber even though I advised him against it. He is now full of regrets. His saving grace was the balance he invested in Money Market Fund


You can buy a car from the return on investment from the Heritage fund

naturalflow:
Thank you so much.in addition,transcorp is paying their 10kobo interim div tomorrow.#additionalfuel.

Thanks for the useful info

Raider76:


Don't you think that the main issue around Transcorp is the share consolidation? There seems to be a strong support at 10, which maybe the target price of the company or the market, so the post consolidation price will be 40 at the proposed 1:4. Consequently an appreciable upward rise from 10 could be difficult.

Thanks for your concern. Analysis didn't consider any share consolidation. The chart will be adjusted for any future share adjustment. For now, the support level is between 10 and 10.75 (check my last week Tuesday's post for details).

megawealth01:


With all due respect don't bring religion into this honorable thread as that will bring out a lot of emotions...

I avoid topics about certain topics here because BELIEF system should be personal...

We are here for money making and should actually focus on that...

But I have a right on how my donations should be spent, if not the donation should be respectfuly returned to the donor

NNPCL Must Sell Locally-refined Petrol Now

https://dailytrust.com/nnpcl-must-sell-locally-refined-petrol-now/

Good morning pa Emma, I hope u have not forgotten my request on fidson.

Thanks.

Raider76:


Don't you think that the main issue around Transcorp is the share consolidation? There seems to be a strong support at 10, which maybe the target price of the company or the market, so the post consolidation price will be 40 at the proposed 1:4. Consequently an appreciable upward rise from 10 could be difficult.

Transcorp's 2023 Free Cash Flow to Equity (FCFE) per share was 0.93 (please do ur own calc. here), and they are paying out 0.2 as dividends. It's important to note that FCFE represents the free cash available to shareholders after all expenses and reinvestment needs have been met.

When I plugged the 0.93 FCFE into my Monte Carlo simulation, it produced a valuation range of 11.98 to 24.13. Based on this FCFE analysis and discounted valuation, I believe the stock is undervalued.

I would target a mean of 17 naira.

ositadima1:


Transcorp's 2023 Free Cash Flow to Equity (FCFE) per share was 0.93 (please do ur own calc. here), and they are paying out 0.2 as dividends. It's important to note that FCFE represents the free cash available to shareholders after all expenses and reinvestment needs have been met.

When I plugged the 0.93 FCFE into my Monte Carlo simulation, it produced a valuation range of 11.98 to 24.13. Based on this FCFE analysis and discounted valuation, I believe the stock is undervalued.

I would target a mean of 17 naira.

Make I be your student na

Oga EmmaEwumi, I dobale to greet. I'm a proud house owner today and got my wife Corolla for her birthday early this year. You're one of my hero. Mcy, formal Ogg , Current price, Lokodemy and others, I sincerely say thank you. Happy Sunday and God Bless and keep us all.

BullBearMkt:
MISSED BUYING JAPAULGOLD FIRST RALLY? HERE COMES ANOTHER OPPORTUNITY
Japaulgold got rejected at support level, 2. A BUY from 2.10.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Good analysis. ...absolutely correct!

ositadima1:


Transcorp's 2023 Free Cash Flow to Equity (FCFE) per share was 0.93 (please do ur own calc. here), and they are paying out 0.2 as dividends. It's important to note that FCFE represents the free cash available to shareholders after all expenses and reinvestment needs have been met.

When I plugged the 0.93 FCFE into my Monte Carlo simulation, it produced a valuation range of 11.98 to 24.13. Based on this FCFE analysis and discounted valuation, I believe the stock is undervalued.

I would target a mean of 17 naira.

What is Transcorp equity? What is the outstanding shares?

BullBearMkt:
VERITAS KAPITAL ASSURANCE RALLY MAY FAKE-OUT
Strong price rally not supported buy appropriate equal buying and selling pressure will likely not last. It's either the price fall or the imbalance between buying/selling pressure readjusted. Which of the 2 will VERITAS will opt for? Next week trading will show.

NOTE: Post on VERITASKAP is not to cause any panic selling, but rather to show that in case there is a pullback, there is a buying opportunity.

PLAN YOUR TRADES AND TRADE YOUR PLANS

On VERITASKAP, your analysis is also in line, but the probability of a fall is narrow. (1/3 compared to 2/3 of a prob in favour of an upward push).

TA is a game of PROBABILITY so am going to give reasons on the chart/wave analysis for and against a bullish continuation from current price level.
Our duty is to look for POSSIBILITIES within the context of these probabilities.

Reasons for:
Above the area you highlighted, precisely the ZONE btw the previous SH before the strong impulsive move in June that lead to a BoS is where you have the BS IMB (SS inefficiency/FVG), and PV action may have already tapped into it.
How?
Since the pullback and corrective wave from the high in early July (the point where you have your upper fractal), price has retraced to sweep part of the liquidity around the aforementioned zone, effectively converting that weekly candlestick low to the new ELA and defining it as the new OB. (up from the OB in your highlighted region)

To lend further credence to the bullish bias is last week's candlestick behavior which retraced (pullback on the DTF) to ensure that there's no BS IMB on the WTF.

Again, expanding on DTFS shows that PA favours a bullish stance.

Reasons against;
There's a bearish divergence on the WTF with price failing to mirror the buy-side sentiment that birthed the new high on the RSI/%R.
The drawback to this is that the indicator is still above it's based MA and it's MA above the MBZ, so next weeks PA (open/close) will help validate the divergence, especially if the RSI pushes below the MBZ.

PV activity shows a gap up above a FVG on the DTF, thus, creating the prob of a retracement to cover that BS IMB and possibly reproduce a DB before a bullish continuation.

There's more in favour and less against but I don't want to put up what might seem a bit of a complex chat.
As I said before, our duty is to look for POSSIBILITIES within the context of these probabilities.

...still a long term hold though!

CAVEAT: Just the usual chart analysis... NOT an investment advice. Due diligence still applies as always.

crownprince2017:
Good morning pa Emma, I hope u have not forgotten my request on fidson.

Thanks.

I am a lazy investor.

You can do a screenshot of some important pages and will try to interpret them

edwardaigb:
Oga EmmaEwumi, I dobale to greet. I'm a proud house owner today and got my wife Corolla for her birthday early this year. You're one of my hero. Mcy, formal Ogg , Current price, Lokodemy and others, I sincerely say thank you. Happy Sunday and God Bless and keep us all.

Chai! ...I guess he meant "former".
Onegentleguy has really suffered... what a world we live in!

It is well

Thank you for your thoughtful comment. I understand your concern about avoiding sensitive topics and focusing on the primary goal of this forum, which is financial growth. I appreciate your emphasis on maintaining a respectful and constructive discussion environment.
In my article, I aimed to share my personal experience with financial panpsychism and how it has influenced my financial journey. While I understand that religion can be a sensitive topic, my intention was not to provoke emotions or divert the focus from financial discussions.
I agree that personal beliefs should be respected and not imposed on others. I'll keep this in mind for future contributions and strive to maintain a balance between sharing my experiences and adhering to the forum's primary objectives.
Thank you for your understanding, and I look forward to continuing the financial discussions.
I would be delighted to learn about how Megawealth01 and Streetinvestor2 amassed their eight-figure net worth and fortunes on the NGX. 😆 😆 😆.

megawealth01:

With all due respect don't bring religion into this honorable thread as that will bring out a lot of emotions...

I avoid topics about certain topics here because BELIEF system should be personal...

We are here for money making and should actually focus on that...

emmanuelewumi:



What is Transcorp equity? What is the outstanding shares?

Equity: 187,297,700,000
Os: 40,647,990,293

For 2023.

Ginalex:
Make I be your student na

Lol, because u dey inside, abi?

ositadima1:


Transcorp's 2023 Free Cash Flow to Equity (FCFE) per share was 0.93 (please do ur own calc. here), and they are paying out 0.2 as dividends. It's important to note that FCFE represents the free cash available to shareholders after all expenses and reinvestment needs have been met.

When I plugged the 0.93 FCFE into my Monte Carlo simulation, it produced a valuation range of 11.98 to 24.13. Based on this FCFE analysis and discounted valuation, I believe the stock is undervalued.

I would target a mean of 17 naira.

We now have your FA and TA from Oga BBM. What is missing is a consideration of market sentiments. That's what I tried to add to the TA. The sentiment around Transcorp in the short term is influenced by the proposed share reduction or consolidation of 1:4. The price is not going anywhere until that is done.

emmanuelewumi:



What is Transcorp equity? What is the outstanding shares?

The OS is the main challenge. Once reconstruction is done, the true value will be seen.

onegentleguy:


On VERITASKAP, your analysis is also in line, but the probability of a fall is narrow. (1/3 compared to 2/3 of a prob in favour of an upward push).

TA is a game of PROBABILITY so am going to give reasons on the chart/wave analysis for and against a bullish continuation from current price level.
Our duty is to look for POSSIBILITIES within the context of these probabilities.

Reasons for:
Above the area you highlighted, precisely the ZONE btw the previous SH before the strong impulsive move in June that lead to a BoS is where you have the BS IMB (SS inefficiency/FVG), and PV action may have already tapped into it.
How?
Since the pullback and corrective wave from the high in early July (the point where you have your upper fractal), price has retraced to sweep part of the liquidity around the aforementioned zone, effectively converting that weekly candlestick low to the new ELA and defining it as the new OB. (up from the OB in your highlighted region)

To lend further credence to the bullish bias is last week's candlestick behavior which retraced (pullback on the DTF) to ensure that there's no BS IMB on the WTF.

Again, expanding on DTFS shows that PA favours a bullish stance.

Reasons against;
There's a bearish divergence on the WTF with price failing to mirror the buy-side sentiment that birthed the new high on the RSI/%R.
The drawback to this is that the indicator is still above it's based MA and it's MA above the MBZ, so next weeks PA (open/close) will help validate the divergence, especially if the the RSI pushes below the MBZ.

PV activity is showing a gap up above a FVG on the DTF, thus, creating the prob of a retracement to cover that BS IMB and possibly reproduce a DB before a bullish continuation.

There's more in favour and less against but I don't want to put up what might seem a bit of a complex chat.
As I said before, our duty is to look for POSSIBILITIES within the context of these probabilities.

...still a long term hold though!

CAVEAT: Just the usual chart analysis... NOT an investment advice. Due diligence still applies as always.

Bullbearmkt you quoted wrote in language everyone understood but you chose to speak in tongues. I always read your post down to the end but until someone else quote your post and breakdown before it makes sense.
I think I am not alone on this.

BBM uses TA and when he summarizes his chart, even a rookie will understand

ositadima1:


Lol, because u dey inside, abi?

It's part of it even though na small. Contemplating on whether or not to add to it

vacanci:


Bullbearmkt you quoted wrote in language everyone understood but you chose to speak in tongues. I always read your post down to the end but until someone else quote your post and breakdown before it makes sense.
I think I am not alone on this.

BBM uses TA and when he summarizes his chart, even a rookie will understand

Am sure the fellow I responded to, and many others will understand the post.
...am sorry if you don't my dear.

Perhaps you need to "learn how to be in the spirit so you too can understand when people speak in tongues". ...pls do well to consult your pastor.
Don't wait to be spoonfed with the oratory from those who speak in tongues.

It is well

Raider76:


We now have your FA and TA from Oga BBM. What is missing is a consideration of market sentiments. That's what I tried to add to the TA. The sentiment around Transcorp in the short term is influenced by the proposed share reduction or consolidation of 1:4. The price is not going anywhere until that is done.

I haven't heard of the price reduction or seen the details, and MCY56 has not reported on it yet. Could you explain why this is happening?

In my opinion, liquidation by split or placement typically results in a price drop. In this case, the opposite is likely to occur. The effect should cause an upward move instead, as fewer shares will now be available in the market. It doesn't seem to matter whether the reduction happens at 10, 12, or even 17; what should matter is the ratio of the reduction.