zendi:

Hope it's not 2008 repeating itself bicos of Trump's Trade World War.
Those exposed to American stocks, are they falling? In which case you could wait for Zenith at 12 as people sell off here to go and buy gems that have become cheap over there.

Bolded, not really.

But, the little green we are seeing now keeps reminding me of Oracle’s trap basket and if care is not taken, the red we are seeing now may be a testing of the mic. Regardless of the dividend by the banks, some financial institution may use the opportunity to offload their kaya, thereby making the market to go down more. In addition, I do not see the banks performing excellently this year because the forex gains that contributed to their excellent financial results last year may not be there this year, coupled with their over-bloated outstanding shares. You and I know that the upward/downward movement in the price of bank stocks dictate the direction of the market. Even the outlook for oil is not looking good in the next months. However, this does not mean that all stocks will go down together. Some stocks will still present opportunity for people to make money despite the reds in the market.

I sold 85% of my holdings last week, the remaining 15% are stocks that has forcefully turn me to an investor like @emmanuelewumi . Like Sky aviation which I bought at N24 but does not have enough volume for me to sell since 2 weeks ago.

However, it is pertinent to note that I donated 14% of the loot I made before 15th January 2025 to the market as part of my corporate social responsibility and greed. For now, I have decided to stay on the sideline and watch how events unfold in the market in the next 2 months. It is good to be a spectator and not a participant at NSEMPA when e-fight starts due to the red in the market.

Above is a personal opinion please.

ndept:
Bolded, not really.

But, the little green we are seeing now keeps reminding me of Oracle’s trap basket and if care is not taken, the red we are seeing now may be a testing of the mic. Regardless of the dividend by the banks, some financial institution may use the opportunity to offload their kaya, thereby making the market to go down more. In addition, I do not see the banks performing excellently this year because the forex gains that contributed to their excellent financial results last year may not be there this year, coupled with their over-bloated outstanding shares. You and I know that the upward/downward movement in the price of bank stocks dictate the direction of the market. Even the outlook for oil is not looking good in the next months. However, this does not mean that all stocks will go down together. Some stocks will still present opportunity for people to make money despite the reds in the market.

I sold 85% of my holdings last week, the remaining 15% are stocks that has forcefully turn me to an investor like @emmanuelewumi . Like Sky aviation which I bought at N24 but does not have enough volume for me to sell since 2 weeks ago.

However, it is pertinent to note that I donated 14% of the loot I made before 15th January 2025 to the market as part of my corporate social responsibility and greed. For now, I have decided to stay on the sideline and watch how events unfold in the market in the next 2 months. It is good to be a spectator and not a participant at NSEMPA when e-fight starts due to the red in the market.

Above is a personal opinion please.

ndept:
Bolded, not really.

But, the little green we are seeing now keeps reminding me of Oracle’s trap basket and if care is not taken, the red we are seeing now may be a testing of the mic. Regardless of the dividend by the banks, some financial institution may use the opportunity to offload their kaya, thereby making the market to go down more. In addition, I do not see the banks performing excellently this year because the forex gains that contributed to their excellent financial results last year may not be there this year, coupled with their over-bloated outstanding shares. You and I know that the upward/downward movement in the price of bank stocks dictate the direction of the market. Even the outlook for oil is not looking good in the next months. However, this does not mean that all stocks will go down together. Some stocks will still present opportunity for people to make money despite the reds in the market.

I sold 85% of my holdings last week, the remaining 15% are stocks that has forcefully turn me to an investor like @emmanuelewumi . Like Sky aviation which I bought at N24 but does not have enough volume for me to sell since 2 weeks ago.

However, it is pertinent to note that I donated 14% of the loot I made before 15th January 2025 to the market as part of my corporate social responsibility and greed. For now, I have decided to stay on the sideline and watch how events unfold in the market in the next 2 months. It is good to be a spectator and not a participant at NSEMPA when e-fight starts due to the red in the market.

Above is a personal opinion please.

Final lap….towards dividend. Target same as before..N14.00 if they deliver.

AfDB plans $230m trade finance package for Access Bank

THE African Development Bank has announced plans to provide a $230m trade finance package for Access Bank Plc to support trade finance activities and ease foreign exchange liquidity constraints for small and medium-sized enterprises in Nigeria.

https://punchng.com/afdb-plans-230m-trade-finance-package-for-access-bank/

Ding

Transcorp board meeting today 06032025

https://ngxgroup.com/exchange/data/company-profile/?symbol=TRANSCORP&directory=companydirectory

ndept:
Bolded, not really.

But, the little green we are seeing now keeps reminding me of Oracle’s trap basket and if care is not taken, the red we are seeing now may be a testing of the mic. Regardless of the dividend by the banks, some financial institution may use the opportunity to offload their kaya, thereby making the market to go down more.

Above is a personal opinion please.

We have seen the worst days...
During the corona months....
Na 10% pull back daily...
Sincerely...this is not the time to fret...or panic...

Willie2015:
We have seen the worst days...
During the corona months....
Na 10% pull back daily...
Sincerely...this is not the time to fret...or panic...

I share your opinion too...
We may not even witness any "major" pullback this year.
Similar panic was spread last year but eventually we didn't witness any "2008" events as was opinionated by our TA Ogas.

This is just my own amateur's opinion too....gamblers association do not pray for 2008 market events... 😊

If not for our over dependence on western world and corrupt leaders, why should we be fretting at any cough from their end....

Even DANGSUGAR is showing green today....
God is wonderful....
Now that Alhaji is resting from the refinery wahala, hopefully he'll look into Sugar case.......
I don't expect that he will join at let DANGSUGAR go down just like that...

https://dailytrust.com/im-resting-after-delivering-20bn-refinery-dangote/

** Na just observation o, not any form of advice.

FIRSTHOLDCO
Is live today!
FirstHoldco replaced FBNH..
FBNH deleted

I'm pained, I didn't get enough AFRIPRUD...

There appears to be too much manipulations in the stock market from insiders. The company said they have approved dividends and bonus shares and that they were going to hand over the report by 1st of March. Why are the people who received the report holding on to it for this long? To fuel speculations and panic so they could get some units for themselves? It's weird!

KarlTom:
I'm pained, I didn't get enough AFRIPRUD...

GUINNESS will melt faces.


PZ Cussion too.

Caverton
On full offer yesterday, almost on full bid today....
Reason it's very risky to advice on buy or sell....
Thank God I mentioned buying in tranches 😁

Where is that Oga?
Next time always follow your mind (though risky if you're a newbie), except if you're a long term investor.
Highest be picking in tranches......
It's difficult to time this market.......and, it's not bad to seek 2nd or 3rd opinion too.
You can wait for another pullback.
.

Very weird...
Sadly, SEC and co are just looking

GeeKudi:
There appears to be too much manipulations in the stock market from insiders. The company said they have approved dividends and bonus shares and that they were going to hand over the report by 1st of March. Why are the people who received the report holding on to it for this long? To fuel speculations and panic so they could get some units for themselves? It's weird!

Does anyone have any info on AFRIPRUD?

I'm hearing bonus is 5 for 2

ndept:

But, the little green we are seeing now keeps reminding me of Oracle’s trap basket and if care is not taken, the red we are seeing now may be a testing of the mic. Regardless of the dividend by the banks, some financial institution may use the opportunity to offload their kaya, thereby making the market to go down more. In addition, I do not see the banks performing excellently this year because the forex gains that contributed to their excellent financial results last year may not be there this year, coupled with their over-bloated outstanding shares. You and I know that the upward/downward movement in the price of bank stocks dictate the direction of the market. Even the outlook for oil is not looking good in the next months. However, this does not mean that all stocks will go down together. Some stocks will still present opportunity for people to make money despite the reds in the market.

I sold 85% of my holdings last week, the remaining 15% are stocks that has forcefully turn me to an investor like @emmanuelewumi . Like Sky aviation which I bought at N24 but does not have enough volume for me to sell since 2 weeks ago.

For now, I have decided to stay on the sideline and watch how events unfold in the market in the next 2 months. It is good to be a spectator and not a participant at NSEMPA when e-fight starts due to the red in the market.

Above is a personal opinion please.

Nice piece!
I admired your reported exit from Oando at N8x at the time you did. In hindsight at this moment it was a good move!

Indeed, bloated shares and pressure to book some paper profit gains by institutions & market players, will have a tendency to pull the market down regardless of bank dividends paid. Also any drag in oil price downwards and current exchange rates (~1500) may add fire to the pull down for profit taking. The only things that can help in uplifting are good results for banks even without fx gains that shows solid FA, Oil price and Naija fx income staying afloat and not going further down, a reduction of CBN interest rates and stability of FX at ~1500 (not too less as it can ginger some bears). I wish these uplifting things happen. But cannot say for a certainty they will happen. Any way it goes I see banks currently far above their recapitalization price points experiencing more gravity pulls from profit taking. I am holding at the moment (took little profits here and there in January though). But I can see the bears currently lurking around. I pray they don't get the strength to pull the market down.

Chou!! Abeg na

KarlTom:
Does anyone have any info on AFRIPRUD?

I'm hearing bonus is 5 for 2

KarlTom:
Does anyone have any info on AFRIPRUD?

I'm hearing bonus is 5 for 2

I believe you

Please don't act on this.
I'm yet to verify...

Zegra:


I believe you

I don't know if I am the only one observing that some stocks doesn't observe the rules of the market both technical and fundamental?
Despite the bad financials and the badmouthing by many investors here ELLAHLAKES has weathered the storm and maintained it's stand at #3, pls the gurus what may have caused this?
I was waiting for the expected bad result to show so that it will get to PURITIST'S projection #1.7 entry point for me to enter but the thing stand gidigba like Olumo rock.
Abeg PURITIST should I keep waiting?

TRANSCORP on FB

So because ELLAHLAKES did not fall for you to buy at N1.7 some stocks dont observe the rules of the market?

Valthegreat:
I don't know if I am the only one observing that some stocks doesn't observe the rules of the market both technical and fundamental?
Despite the bad financials and the badmouthing by many investors here ELLAHLAKES has weathered the storm and maintained it's stand at #3, pls the gurus what may have caused this?
I was waiting for the expected bad result to show so that it will get to PURITIST'S projection #1.7 entry point for me to enter but the thing stand gidigba like Olumo rock.
Abeg PURITIST should I keep waiting?

faoogoke:

So because ELLAHLAKES did not fall for you to buy at N1.7 some stocks dont observe the rules of the market?

But once bad result appears sell-off follows how come it is not happening with ELLAHLAKES.
Of course I don't make the rules but that has been the rule, so if you know the exceptions to the rule kindly teach me.

Valthegreat:
But once bad result appears sell-off follows how come it is not happening with ELLAHLAKES.
Of course I don't make the rules but that has been the rule, so if you know the exceptions to the rule kindly teach me.

ELLAHLAKES recently (yesterday) listed 1.1bn additional shares on NGX at N2.80......this listed shares being the conversion of debt owed to Equity.
Even though this has increased ELLAHLAKES OS from 2.7bn to 3.8bn, I think it's a good step aimed at cleaning the balance sheet and positioning the company for more value enhancement and near future profitability.
This could be the reason for not falling and reason why it will probably not fall below N3 for longer time.....barring any unforeseen circumstances.

Lol. That's my own understanding of it.

Hmm

KarlTom:
Does anyone have any info on AFRIPRUD?
I'm hearing bonus is 5 for 2

This will be good if it's true

5 for 2 or 2 for 5?

AFRIPRUD currently have 2bn OS
How many will this translate to thereafter?

If it's 2:5... 2bn + 400m = 2.8bn ....this looks small

If it's 5:2.... 2bn + 5bn = 7bn

If its 1:1.... 2bn + 2bn = 4bn

Hope my Arithmetics is correct sha
We're awaiting the Corporate Action.......😊

One would have expected a press release. Nothing on their website and not even on the NGX.

But shares in issues states 3.8 billlion

yMcy56:

ELLAHLAKES recently (yesterday) listed 1.1bn additional shares on NGX at N2.80......this listed shares being the conversion of debt owed to Equity.
Even though this has increased ELLAHLAKES OS from 2.7bn to 3.8bn, I think it's a good step aimed at cleaning the balance sheet and positioning the company for more value enhancement and near future profitability.
This could be the reason for not falling and reason why it will probably not fall below N3 for longer time.....barring any unforeseen circumstances.

Lol. That's my own understanding of it.

faoogoke:
One would have expected a press release. Nothing on their website and not even on the NGX.

But shares in issues states 3.8 billlion

3.8bn is the new shares in issue in ELLAHLAKES (2.7bn + new 1.1bn)

If you're using Morgan, login to it and check the news section of March 5th.

If it is 5 for 2, 2bn OS will just become 5bn OS and your unit holdings will multiply by 2.5.

yMcy56:

This will be good if it's true

5 for 2 or 2 for 5?

AFRIPRUD currently have 2bn OS
How many will this translate to thereafter?

If it's 2:5... 2bn + 400m = 2.4bn ....this looks small

If it's 5:2.... 2bn + 5bn = 7bn

If its 1:1.... 2bn + 2bn = 7bn

Hope my Arithmetics is correct sha
We're awaiting the Corporate Action.......😊

yMcy56:

ELLAHLAKES recently (yesterday) listed 1.1bn additional shares on NGX at N2.80......this listed shares being the conversion of debt owed to Equity.
Even though this has increased ELLAHLAKES OS from 2.7bn to 3.8bn, I think it's a good step aimed at cleaning the balance sheet and positioning the company for more value enhancement and near future profitability.
This could be the reason for not falling and reason why it will probably not fall below N3 for longer time.....barring any unforeseen circumstances.

Lol. That's my own understanding of it.

Thanks for the information. This is like the exception to the rule I wanted to understand.
Please is the current price a good buy zone?

yMcy56:

This will be good if it's true

5 for 2 or 2 for 5?

AFRIPRUD currently have 2bn OS
How many will this translate to thereafter?

If it's 2:5... 2bn + 400m = 2.4bn ....this looks small

If it's 5:2.... 2bn + 5bn = 7bn

If its 1:1.... 2bn + 2bn = 4bn

Hope my Arithmetics is correct sha
We're awaiting the Corporate Action.......😊

1:1 should be 4B. I guess this was typo