Streetinvestor2:
How much did he really lose in the market. I no dey trust naija guys oh.I hope he did not go and invest the money in dubai and claimed he lost the money in stock. You remember that guy in ph who did it to guys in forex after invest in dubai and relocating his fmly too.MBA forex I think

MBA forex scam lol. It wasn't just in ph. Imo Aba and some others hot burnt too

emmanuelewumi:



There was no market makers then.

Banks just need to give him N1 billion to N2 billion and he will perform miracle on their stock price and the stock can move from N5 to N10 , he will money, insiders will also make bigger money, then jump into another stock and perform the same thing.

By the time the market crashed he was owing banks over N100 billion, he also lost his personal funds running into tens of billions of Naira.

Probably if had bought some real estates, fixed income and forex with his loot he would have been in a better position.

Oooh that's how financial illiteracy dey disgrace people from 1900

megawealth01:


You go gree buy if there's pullback?

You think he shouldn't buy on a pull back? Last time it pulled back it came right back up.

Mpeace:
MBA forex scam lol. It wasn't just in ph. Imo Aba and some others hot burnt too

Yes bro.Na after the scam.The noise on forex trading come reduce. Na some of them come they play the game now with oando stock .They no get time to waste.They need the money sharp sharp. The new moniker on oando matter dey increase every day.

brotherly:


Atiku has not affected anything here . No be everything be politics .

Nnpc withdrew their case 2 months ago .

Based on how their Jvs are structured NNPC went to court claiming they have the right of first refusal which they were not given an opportunity to exercise.

I am referring to the fact that it was Atiku's comments that forced them to quickly come out and explain themselves to the public. That's what opposition is supposed to achieve.

NPFMCRFBK declared Dividend.....
Result submitted to NAICOM for approval before it can be filed with ÑGX....

megawealth01:
You go gree buy if there's pullback?

Exactly!
That's what used to happen.....
Once there's pullback many people pick race and the "I told you so" will come and add to their fears and remind them how they'll wait for it at sub N10 😁

Stocks do pullback every now and then but with small profit taking, then analysis will start on how it's going back to base.

Raider76:


You think he shouldn't buy on a pull back? Last time it pulled back it came right back up.

That's his choice to make...

I'm only asking an harmless question

Streetinvestor2:
How much did he really lose in the market. I no dey trust naija guys oh.I hope he did not go and invest the money in dubai and claimed he lost the money in stock. You remember that guy in ph who did it to guys in forex after invest in dubai and relocating his fmly too.MBA forex I think

Pyramiding works like hard drugs.


You have a million borrow 2 million making 3 million. You turned the 3 million to 15 million. Then get another loan of 30 million making 45 million and then turn it to N100 million. You will not want to diversify at all, you will continue to borrow against your unrealized profits

Hope you also heard of Afroil Oil. A company in the petroleum marketing sector. Other stocks in the sector like Oando, Mobil, African Petroleum, MRS etc were over N100.

Afroil was the only one selling for 50k, the stock later moved to over N8.00. Even though it could pay it's rent for about 3 years and no dividend for almost 10 years


Insiders were surprised by the renewed interest in their company by the investing community and that gave them the opportunity to sell their shares which used to be highly illiquid

The retiree that sold his house at Ikeja to buy the private placement of Big Treat nko.

That Chinese babe did strong things to Nigerians she made billions of naira from the offer.
I learnt she was duped by her Nigerian boy friend and she decided to get back at us on a bigger scale

When we could not get opportunities in the stock market again, a lot of offers came up in the private placements.
People were selling stocks to buy shares in different private offers.

As we speak we still have about N100 billion trapped in different private offers almost 20 years when they got money from investors

emmanuelewumi:
The retiree that sold his house at Ikeja to buy the private placement of Big Treat nko.

That Chinese babe did strong things to Nigerians she made billions of naira from the offer.
I learnt she was duped by her Nigerian boy friend and she decided to get back at us on a bigger scale

But if dey rock Opebi Ikeja in the 90s, Big Treat snacks and confectioneries na the bomb

emmanuelewumi:
Hope you also heard of Afroil Oil. A company in the petroleum marketing sector. Other stocks in the sector like Oando, Mobil, African Petroleum, MRS etc were over N100.

Afroil was the only one selling for 50k, the stock later moved to over N8.00. Even though it could pay it's rent for about 3 years and no dividend for almost 10 years


Insiders were surprised by the renewed interest in their company by the investing community and that gave them the opportunity to sell their shares which used to be highly illiquid

Actually when I heard (need to verify this) that Japaulgold is yet to mine any gold the saga of Afroil came to mind.

Raider76:


Actually when I heard (need to verify this) that Japaulgold is yet to mine any gold the saga of Afroil came to mind.

Japaul was listed during that bullish euphoria of 2004 to 2007.


At about N150 to $1 in 2006.


Imagine was a debt of N100 billion in 2006 is equivalent to in 2024.

I was lucky my broker did not approve the additional margin loan for me in 2005. If not I would have been roasted like many investors and traders who vowed not to come near the stock market again, after the market showed them street.

https://nairametrics.com/2024/08/26/nigerias-gdp-grows-by-3-19-in-q2-2024-nbs/#google_vignette

Tomorrow go stew

Zenith got to an All Time High of over N70 even though the total dividend paid was about N1.50k.


UBA got to over N40 even though the dividend paid was less than 80k

Wetin we smoke for that time that we never knew that those prices did not make sense

Locotrader:
I don come again.
Point & kill

There is one stock which 3 persons here has hinted on but has not gbe body.

This stock has 64% presence in Nigeria
25% presence in UAE
11% presence in Ghana.

The stock is currently trading at 3.00
About 1.3B OS and 24% free float.

My oga cp used to hint on the stock in those days before it embarked on reconstruction.

The stock is back on its feet with a strong balance sheet.They recommended 5kobo dividend recently.

If you decode.......the time is now.Enjoy

Loco Baba don show face o for forum o! Na so e suppose be. Christmas never reach yet Loco Baba don dey bring glad tidings to the forum.

Baba, this your love, I just hope say no JIJO mode o because many never chop the kind of liver wey you dey chop, Baba. 😂

Wishing you a pleasant week ahead, Baba. More grease to your elbows. 😎

emmanuelewumi:
Zenith got to an All Time High of over N70 even though the total dividend paid was about N1.50k.


UBA got to over N40 even though the dividend paid was less than 80k

Wetin we smoke for that time that we never knew that those prices did not make sense

What an irony, during the euphoria Presco and Okomu sold for less than N10.

The bull run only affected banking and insurance stocks.

Unilever was around N8, bought some Lafarge for N9. 00

emmanuelewumi:



Japaul was listed during that bullish euphoria of 3004 to 2007.


At about N150 to $1 in 2006.


Imagine was a debt of N100 billion in 2006 is equivalent to in 2024.

I was lucky my broker did not approve the additional margin loan for me in 2005. If not I would have been roasted like many investors and traders who vowed not to come near the stock market again, after the market showed them street.

💯

Choiceguy:


OGG mentioned C&I leasing the other time and people started attacking him. @ Oga Loco thanks for always giving us purchase alert freely.

I still wonder why people feel so comfortable attacking OGG when he shows his cards. They need to put some respect on the dude's name.

If you go back to see his posts based on his recommendations, OGG don help many people with his sleek and articulated picks!

Baba na real G! 😎

Raider76:


Actually when I heard (need to verify this) that Japaulgold is yet to mine any gold the saga of Afroil came to mind.

JAPAUL

megawealth01:


You go gree buy if there's pullback?

Why not, a pull back to ₦40 or ₦45 is a good point to reload.

I currently have around 48,000 units. I want to make it 100k units if the market can pull back. ₦200 per share for Oando is sure provided Tinubu is president of Nigeria.

emmanuelewumi:
Zenith got to an All Time High of over N70 even though the total dividend paid was about N1.50k.


UBA got to over N40 even though the dividend paid was less than 80k

Wetin we smoke for that time that we never knew that those prices did not make sense

That zenith matter pain me die.I had 20,000 units. It was suppose to be my first 1,400,000 hit in the stock market. In my very eyes the paper profit vanished .And naira lose value join. I remember a land I bought for 45k which I later sold for 600k.I regretted not selling zenith at #70 because of emotional attachments to expecially bank sock.i bought it at #10 .60 at po and gtb at 10.90. If I am not wrong

Streetinvestor2:
That zenith matter pain me die.I had 20,000 units. It was suppose to be my first 1,400,000 hit in the stock market. In my very eyes the paper profit vanished .And naira lose value join. I remember a land I bought for 45k which I later sold for 600k.I regretted not selling zenith at #70 because of emotional attachments to expecially bank sock.i bought it at #10 .60 at po and gtb at 10.90. If I am not wrong

You are correct with the IPO prices for Zenith and GTB.


That was around 2003

emmanuelewumi:



You are correct with the IPO prices for Zenith and GTB.


That was around 2003

ok then.I started this stock business 2000/2001
Then I dey go bring goods for baifra market for cotonou sell for uni and other hustle. The stock market was for savings and I was so emotional attached to the stocks I bought. Infact going to my stock broker to place buy mandate they give me special happiness .I denied myself of many things my friends saw as enjoyment though I could afford them than they did.That is why I am really planning to retire early make I flex before next of kin come flex pass me..lol

Streetinvestor2:
ok then.I started this stock business 2000/2001
Then I dey go bring goods for baifra market for cotonou sell for uni and other hustle. The stock market was for savings and I was so emotional attached to the stocks I bought. Infact going to my stock broker to place buy mandate they give me special happiness .I denied myself of many things my friends saw as enjoyment though I could afford them than they did.That is why I am really planning to retire early make I flex before next of kin come flex pass me..lol

Streetinvestor2:
ok then.I started this stock business 2000/2001
Then I dey go bring goods for baifra market for cotonou sell for uni and other hustle. The stock market was for savings and I was so emotional attached to the stocks I bought. Infact going to my stock broker to place buy mandate they give me special happiness .I denied myself of many things my friends saw as enjoyment though I could afford them than they did.That is why I am really planning to retire early make I flex before next of kin come flex pass me..lol

There is no better time to flex than now. Let me send two weapons of mass destruction to your doormoth😂

I do not think it is financial illiteracy in this case, I want to believe it is overconfidence. Poor or abandoned risk management process. Believing you can recover from a loss and then get deeper and deeper into the loss. I recently watched Rogue Trader and then I now realized why they commit suicide after losing money especially when it is other people's money.

megawealth01:


Oooh that's how financial illiteracy dey disgrace people from 1900

Agbalowomeri:


There is no better time to flex than now. Let me send two weapons of mass destruction to your doormoth😂

I no get strength again for that kind wahala. And vigra dey cause blindness plus other things join...lol.

Streetinvestor2:
I no get strength again for that kind wahala. And vigra dey cause blindness plus other things join...lol.

Hahaha. LWKMD