Beginner’s Guide to Nigerian Equities: Technical Analysis, Volume Strategies & Liquidity with Crypto Senko

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:01):
Quickly, can you just explain what is shareholding structure?
Most new busy don't even understand that.
Can you just explain that please?
Thank you. OK.
It's show the structure of a company refers to the breakdown
of ownership and more groups of shareholders.
It tell us how much this servicing owned in this company

(00:23):
was the percentage, is it 50% oris it controlling interest on
how many shares? Hello, welcome to the Nigerian
Investors Podcast, the unofficial podcast that tracks
and reports on the activities ofthe Nigerian boss.

(00:45):
My name is Moody and with my colleague, I will be hosting
this podcast. TNI podcast is dedicated to
stimulating a renewed enthusiasmamong the general population
with regard to the activities ofthe Nigerian Stock Exchange.
Ultimately, the goal of TNI is to see that many Nigerians from

(01:08):
all walks of life, both at home and in the diasporas, become
active participant on the floor of the Nigerian Stock Exchange.
Before we go. For that we would like to place
on record TNI podcast is solely for educational purposes and not
a replacement for professional financial advice.

(01:30):
Less gain. For reference purpose, this
episode was recorded on Sunday, 7th July 2025.
We're releasing it about three weeks after listening and

(01:57):
enjoying this episode. There's a lot to learn from this
episode. Crypto Senko is one of its kind
when it comes to technical analysts in the Nigerian stock
market. We have very few of them.
You will benefit a lot. Thank you and enjoy.
Welcome back to another episode of the Nigerian Investors
Podcast, the show where we decode the markets, breakdown

(02:20):
Dragons and save you your money jists with a sprinkle of soya
sauce. Now, today, we are excited to
hold someone fondly known on Twitter and beyond as
Cryptosenko, the schedule that would intimidate even the most
dedicated traders. Cryptosenko wears many, many
hats. He's an investment analyst, he's
a technical trader, he's a teacher, and he's a fierce

(02:42):
advocate for better governance in Nigeria's capital markets.
His typical day starts at 9:00 AM analysing the Nigerian stock
market until he closes at 2:30 PM.
Then he switches seamlessly to U.S. market till 9:00 PM and
finally dies into the 24/7 worldof crypto.

(03:02):
On Saturdays, he takes requests from retail investors for
technical analysis on Nigerian stocks, US equities and even
cryptocurrencies. Sundays are no different.
He was insightful sessions in his Telegram community on
various market topics. Now beyond his also crypto cycle
is passionate about improving transparency and liquidity in

(03:23):
Nigeria's capital markets, oftenshining a light on issues like
delayed director dealings, disclosures and late financial
reports. But also know him from his
popular WhatsApp and Telegram groups where he demystifies
technical analysis and proves that yes, technical analysis
actually works in Nigeria's market, despite all the many
doubters. So we invite you to sit back,

(03:46):
take notes, get ready to learn from someone who truly lives and
breeds the market from Lagos to Wall Street and even into
blockchain. Let's welcome people send go to
the podcast. Today, you're welcome, Sir.
Well, thank you very much for having me.
Let's go straight to the questions that we have for you
today. Just a brief introduction of

(04:07):
Crypto Senko and his unique schedule.
Can you throw more light on that?
OK, let me start by saying thankyou for having me your beautiful
podcast. I may be fan of yours.
Cryptosento is a trader and an investor and also obviously I
have a nine to five and people ask me how do I do it?

(04:28):
So I work for a reputable investment banking firm that has
over 3 decades I'm experience and I have worked as an auditor
before before transitioning fully into finance.
Graduated from the University ofBenin 2019 and I started my
community 2020. I always tell people the

(04:49):
financial market is my hobby andI always tell people also if
anywhere there's liquidity, I'm always there to analyze it.
So my journey started with my community, central community
with family and friends were instead of somebody coming to
you to ask for money, you want to lead them in the right way.

(05:10):
So I started having classes and the community grew because out
there. So that's this was worth it.
And here we have to do 2025. We're still standing stronger.
So my regular day, my know I mixthe markets with my mind to 5
over in the US market, especially crypto currency.

(05:32):
I started with crypto because I saw an opportunity in 2020.
I've been learning about the crypto market since 2018.
Then I got into it fully 2020 and yeah, I am today.
Thank you for that. Because I was wondering how do
you juggle all these things together?

(05:55):
Do you have time to sleep on a daily basis?
Your passion is compared to known.
I have not seen anybody that hasthis kind of passion that you
have and you're doing it free ofcharge, which is something that,
you know, in this part of the world, people usually don't do
this for free. And that's something that really

(06:15):
got to me about you. So all just in here is thank you
so much for what you're doing. We pray you happy I.
Think one thing that wouldn't got to me is when he said
wherever there's liquidity, that's where you that's where
you'll be. So it's it's a certain way that
love that love Nigerian investors would probably agree
with right? The opportunities is always a

(06:38):
good place to start. Thank you.
So. The.
Community members always ask me,even my friends, they ask me how
do you do this thing? If it were to be them, they
would have broken down and mayberush them to the hospital.
At the end of the day, it's justthe passion in me that make me
do this for free. And I always tell people because
you know, in Nigeria, there's this misconception that I'm not

(07:01):
saying that it's not good to paypeople for them to pass
knowledge to you. I'm always a big fan of that.
I want to remove that misconception in our environment
where somebody will tell you that pay me $65 or per month,
I'll be giving you signals for free and you don't even know
what you're buying. You're just going into entered

(07:23):
person signal doesn't make sense.
So I brought us opportunity to people that you can do this
thing and lend this thing yourself and also be profitable
and can't even be independent. Cause again, the goal is to have
a law of independence. Traders, independent investors.

(07:44):
Yes, there are people that are not finance inclined or don't
have the finance bracket. That is where we have channels
that are rolling out and plus your Channel 2 that is always
passing create information to the people.
So you can rely on this to get your data or to get your
information from them before making any investment decision.

(08:05):
Thank you all. Right.
So I'm curious to, so how did you get started learning
technical analysis and investing?
When did you start? What was that journey like for
you? Well, I started with
experimenting with the crypto markets and I have two mentors
and is a German and one is from the US.

(08:26):
They never charged me. They showed me the way and they
said if we could do this, you can also do it.
I consumed free materials onlineplus their own materials to I
even got a book from my mentor from Germany.
So I started with those books. I learned a lot of teeth.
I was always reading, I was always watching videos.

(08:50):
I joined communities that we're ready to, you know, share their
knowledge about how these thingswork.
And you know, yes, it did. But again, we don't stop
learning. We continue to learn.
And that's what I've been doing and just physically learning
from the best people in the field before translating it back

(09:12):
to the Nigeria, back to the Nigerian market.
Yes, that was where my my journey started.
Alright, thank you for that all.We're going to ask you something
that really drop attention to your timeline on Twitter.
And many investors doubt that technical analysis is is not

(09:33):
effective in the Nigerian marketbecause of low liquidity and
participation. How do you respond to this
skepticism? Let me tell you a story.
When then those days, people were only relying on their
fundamental analysis skills, OK,value this company already.

(09:55):
Or is this company undervalued or valued?
And after crunching your numbers, looking at other
factors, not just the quantitative factors, you're
looking at the qualitative factors of that particular
company. And then you say, OK, you make
your judgments and say, OK can happen at this time.
Now in TA we call it blind judgment.
Why? Because you're not seeing a
Candlestick. You're only just seeing a line

(10:18):
chat that says stockbroking firmwill give you a report as to
that deal out markets traded anda line chat of something that
everybody can build. You know, I have a friend who
she works the fixed income trader in marriage stem dead
before she transitioned into Bloomberg.
She told me like easily you're good.

(10:38):
That was in 2023, she said. Yes, you're good in.
Technical analysis, you do this for crypto, you do this for
commodities, why not try it for our Nigerian markets because our
stocks are down on trading view,so why not try?
And she just said, OK, you know what came to look at them?
FCMB Access Bank, what do you think?
That was when it started, and I started from all the things that

(11:00):
are planned for my mentors, the books that I've read about
technical analysis and the practice that I've done, you
know, burning hours on the screen.
Again, it's very important for people to really understand what
technical analysis is. Technical analysis is the study
of price action patterns and market behavior using historical

(11:23):
data, typically charts, typically candlesticks charts.
To forecast future movements. In financial markets, that's
basically technical analysis andI saw that was lacking in our
market and I've not seen anybodydo something like that.
And I started, I was not seriousabout it then like 2023.

(11:46):
I was just only analyzing for some of these guys.
And so for some of these fans that come to me, then that was
where I started analyzing. I remember when if simply was
trading around 3 naira in 2023, analyze it and I said FCMB was
great, double its price. And I think as FCMB ran to 12

(12:10):
naira from 2020 to 2025 share, Ididn't predict that it will run
to 12 naira share, but I predicted the places where
investors could strategically beat and where they could have
taken profit and also like that.So I tried it on a lot of charts
basically as focused on the fullgas because I found out that

(12:33):
liquidity was majorly in the banking sector.
So I did my analysis, mapped outmy demand zones, also support
zones and my supply zones and resistance.
So that was where it all started.
And like I said, anybody that issaying technical analysis does
not work in our market, that such person is wrong because

(12:54):
everyday people are trading, everyday people are exchanging.
What is even trading is the buying and selling of goods and
services, right? So you buy and selling, the
Candlestick is showing that volume that is being actually
traded in that day money is exchanging and well, how is that
money exchanging? And that is where technical
analysis for me, where am I supposed to buy?

(13:14):
At what price am I supposed to exceed the market?
That is where technical analyst is coming.
A lot of people can enter maybe oh they bought good price, how
do I exit? The problem with many investors
today and many traders is they do not know when to exit the
market. Then Tafs in that regard.
So identifying patterns, identifying how prices move,

(13:38):
that is technical analysis for you.
And why do we even use technicalanalysis?
Why do we even use it? It works well in yeah, in short
term training like I said. Also it can work in long term
trading like if you are a positional trader that is where
trading strategies comes in and also helps traders you know time

(13:59):
entries and exits. But the only thing that
technical analysis cannot do is it can't predict the news and it
cannot predict micro shocks or Icall it Black Swan events.
Black Swan events is where is where an unexpected event
happens in the markets such as COVID, such a war, such as

(14:19):
Ebola. So you know, again, it could be
so maybe tsunami, God forbid. These are things that technical
analysts cannot predict. But always tell people when such
things happen, you will start seeing it in the chat
immediately start playing out. Why?
Because a lot of people are already panicking and all those

(14:40):
things what it couldn't predict it.
So this is just only the thing that predict technical analysis
cannot do Newport. If you combine with your
fundamentals, then you're good to go, you're good to go.
So yes. Interesting, interesting is
interesting. You've said this combined to
your Photomet analysis and you're good to go, right?

(15:01):
I like what or what you said so far so good about how ticket
analysis can help you like trackvolumes, basically plots when to
enter and exit the stop right now.
I had to put you just point out my bias here so that our viewers
can also know this, right? I'm partial to fundamental
analysis. I always believe that if you
look at the good company with good fundamentals, solid balance

(15:25):
sheet, goodbye cash flow. You value the company based on
the future earnings. You buy the stock, you buy the
stock you don't care about. Oh, you don't.
You don't care about volume. You don't care about.
You just care about price. I wouldn't care about price.
I don't care about volume. I care about the entry price and
the exit price. But now I'm curious, right?

(15:46):
Because you've mentioned it's very, it just helps you track
volume. It tracks, helps you track
when's the right time to enter, when is the right time to exit?
How would you balance fundamental analysis with
technical analysis? How would you balance both so
that you can approach the marketwith, you know, but let's just
say with more wisdom, with more insight, how would you balance

(16:08):
that? OK, very fantastic question.
I think you are also a technicalanalyst.
Before you go ahead, IA is a fundamental analyst.
So that's why it's telling you really it's not into technical
analysis, but it's a fundamentalanalyst.
That's why it's defending FA. OK.

(16:29):
I always tell people something, if you're an accounting person,
you have done well called financial statement analysis.
Then if you go into finance, youhave done what we call valuation
and financial modeling of the company, you know, and all those
things. These are things that you want
to use to, you know, analyze that company, whether that

(16:50):
company needs buy or sell. We did all those things.
Well, I. Found out for you to be able to
stand out, let me open people. 'S eyes into some essential
things. You're going into a market where
you're competing with fund managers, you're competing with
institutional investors, you're competing with pension managers,

(17:13):
you're competing with assets managers, you're competing with
all these market participants. We call them the buy side and
also retailers too. You're competing with them.
Now you're competing with these guys as a retailer and in the
markets. There's nothing like
government's money. It is the money between all

(17:34):
participants into the market. Now how do I ask a retailer
benefit from this volume that isbeing passed around Max in
question. How do I technical analysis
sports those things using different confirmation tools
and? For the volume.
Question, you can't go into a market like I always tell people

(17:57):
is very important, especially ifyou're trading the stock market
or the commodity market. You need to understand what
volume is and I land down to cryptocurrency because if
there's no volume, that market is a liquid.
And what is even volume? I like to like, I like to give
theory, theoretical aspects. So something before I start

(18:18):
using practical aspects like nowvolume measures, market activity
and liquidity it. Tells us.
How many people are buying or you know selling an asset and
also Apple confirm trends or price movements.
That is why volumes there and ifI'm seeing I don't need to wait

(18:40):
for maybe 1 software to tell me who there is a Navy buying in
that place is right showing in my charts that something is
happening. Huge volumes are called it.
I don't see it on my volume barsshowing that.
Oh, OK, something is happening. What happened like that?
Yeah, all that tools that you can check for volume a lot

(19:02):
volume is so wide that even in TA there are different types of
volume. There's unbalanced volume,
there's visible range volume profile, there is fixed range
volume profile. There is a lot there's V WAP,
the volume weighted average price.
You see all the States and and you hear high volume, you hear

(19:25):
low volume, you hear volume spike, you hear volume dry up.
All these things are very important in the market.
Yesterday I posted something about poor foods and tank Tango
T cements poor foods. Fantastic company.
Good. Financials fundamental of the
company. Very.

(19:45):
Good and strong. But one check the top holders, I
spooled out data from SMP Capital like you like I just saw
that major holders, the holding asset is almost 90%.
Can I can liquidity flow? I can't buy that kind of company

(20:06):
because you will not, maybe you won't pray to God that you will
see somebody that would buy it from your heart because the top
holders are supposed to like release some of those shares.
Into the market in terms of their floats, but you know,
there's a rule again, and this is where I'm calling on the NGX.

(20:26):
I hope they are going to listen to this podcast and I'm calling
on them This premium board, you need to stop it.
There should be a float that should be available to be for
the public to trade, not somebody or not one person
holding all the shares. And it's not available to trust
me. There are people and I, somebody

(20:47):
asked me yesterday, he asked me if Rab you now say OK, decide to
listen to the market by selling down some of his shares.
He said won't it send the wrong signal to the market?
I said no allergy. Rab you has built a fantastic
company called War Food and theyhave fine margins.

(21:09):
Everything about the the numbersare good.
I can tell you for sure today that if Robbie wants to sell
some you see even foreign for investors that want to pick up
some of the shares immediately because that's a very good
company and nobody will see a good company and no one to write
up the company if he's ready to dispute but is not going to
sell. That's just truth.

(21:31):
CDCD NGS sits down and tell us how they want to unlock
distance. For me, I will never buy such
company and put it in My Portfolio because it is iniquid
and can be traded and iniquid market is no way you want to
spend your time as a trader or as a technicalist.
And there are some stocks that don't share their chart because

(21:53):
when you see it, it's just jumping all over the place.
Just imagine what this cement when I was doing the analysis
last week, sorry it was bought food last week, they did only
just 221,000 unit of shares and is a big market that we are want
to compete. Imagine a premium company in a

(22:14):
week trading just 221,000 units of shares, it's appalling.
So this is where volume comes inand very important for us to use
it to analyze the market strength and all this.
And I wrote something, there arerules in volume.
When there is an increase in volume, what happens?

(22:37):
Next thing I'm expecting from myconfirmation is an expansion in
that volume means that it is going to support the uptrend.
Increase in volume means it willlead to supporting the uptrend.
And what happens in an uptrend, price starts going up right now
if there is a decrease in volumeand price keeps going up just

(22:58):
like we saw in Beta Glass and under illiquid stock.
Again, Beta Glass in Q1 was the best platforming stock.
That's an illiquid stock. I even went into the data and I
built in six months data of how Beta Glass has traded in terms
of their volume. And I showed people and do you
know that? In six months I could count the

(23:22):
number of times. Beta Glass crossed 1,000,000 in
trading volume 5 days out of sixmonths.
Two days was above 1,000,000 shares.
That was in January that was 7,000,007 million traded in two
different days and the remainingthree days when I was coming
through the data from January toJune, 1,000,000 unit of shares

(23:44):
was traded in three days as making it five days.
All that days couldn't cross. It is on my Twitter, 100 people
can go there and check it. I did a detailed analysis and
showed people This is why peoplecannot exit the market freely at
better class. If the meme stock in the United
States of America, they call it experts is very liquid and I

(24:07):
find it very insulting that a meme coin on crypto markets is
very liquid down and download the cement stays even in markets
makeup that is that is ready to pop up the Shibai new or dodge
coin Ask people why can't they easily treat dodge coin and with
the country download this cementeasy.

(24:28):
It's so difficult to get in. It's so difficult to get out.
It's so difficult to get into better class and in my books, I
whenever I will call an illiquidstock the best performing stock,
even though the many media were kind it as it is.
It is a shame, man, we need to and This is why I'm using my
platform. Plus you guys are using your

(24:50):
platform. To tell deny NGS that you people
can make this thing work. You can.
Set the right step. If you want to unlock liquidity,
trust me if war food has. Good liquidity, trust me, if the
premium board are very liquid Niger capital, total market

(25:12):
capitalization should be worth 100 trillion naira.
Do you agree with me if they were easily?
Tradable. Nigerian market capitalization
would have hit 100. Trillionaire.
That's very true. That's very true.
Yeah. Because that would.
That was participation. So yeah.
Exactly. And because these are stocks

(25:32):
people want to see, people want to.
Buy market would have increased and market would have value
would have even hit in. Nothing again to the prices of
these these particular premium boards stocks, they would have
appreciated a lot, you know, because.
Again, this is where the pensionfrom the big guys who come into

(25:55):
position themselves but they will never buy something like
that is kind of illiquid. It's so difficult for them to
get out. It's so difficult.
I mean, that boots too, but thatmeans you're so full.
It's the attack. Now I have Gary Goo shares that
I've been trying to dispose for more than more than a year and I
can't. Somebody let me make you make

(26:19):
you guys laugh. Somebody on my platform was
already dancing after I saw at 15% loss.
So wow. And he was thanking God for him
getting out of that ship. These are things that skills
participants. That is why I don't really
analyze them. I'll tell you in my on my chart,
I will know if I'm if you are a newbie.
This is for both existing and new newbies that you should

(26:41):
never invest in a stock that is in liquid.
That is your number one rule. What are the liquid stock?
And I told my guys and on my platform I will start sharing
these things so that. People will run away from them.
Yeah, if you remember some of their stories, of course you can
just say that because this podcast is merely for newbies,

(27:02):
so that they don't make the mistake.
Some people will make the mistake.
Most of them ever understand what is a liquid stock and
illiquid stock. You can explain that to them
using this platform and also we call out to those talks so that
the public will be aware or thistalk.
If I get in, I'm probably not beable to get at all and I find
difficult to get in and when I finally get in to get out to be

(27:23):
a problem. So what is a liquid stock?
What is an illiquid stock and which stocks in the Nigerian
stock market are illiquid and which ones are liquid?
If you can just do a quick explanation on that.
Thank you. OK, now I'll give the clear
fundamental concepts of what a liquid stock and a liquid stock

(27:44):
is. #1A liquid stock. Is where you can easily enter or
exit a position. There is ready made buyer and
seller and #1 sector that I always tell people that they
should never joke with. In the Niger market, that is.
The most liquid? Is the banking stocks.
That's number one. Now what is an illiquid stock?

(28:06):
An illiquid stock. It's very difficult to buy or
sell without moving the stock price.
In a liquid stock you might you can exit and might not even be
able to. Impact the stock price and every
other thing for a liquid stock. But for a new liquid stock, you
might have to move the. Price for you to exit that

(28:29):
position, maybe bring the price down and all those things.
That was what I was seeing during better class.
There was only a day that betterglass in Level 3 for that day to
0. Nobody to liquid stock.
Very difficult to sell, very difficult to buy.
So you're looking at the volume in liquid stock ordinarily

(28:50):
should be trading in millions. Normally the standards should be
hundreds of millions or maybe let's say 50 million, again,
depends on the number of outstanding shares.
And I will tell people how they can look at distance and how
they can track distance and how they can calculate distance.
Like I said, ideally good stock is just thousands, only few

(29:11):
thousands or less, like example,hundreds of thousands.
Any stock that is trading 500K, it is illiquid.
You mean 500 units? 500,000 units.
Wow, any stock that is trading 500,000, any store they studied
less than 1,000,000 shares? In a, in a trading day or in a

(29:34):
week? In a trading day is liquid in a
trading day. Then in a week, average volume
for that week should be at leastat least 3 million.
OK. At least just at least 3 million

(29:55):
in a week. Again, that's a steel liquid one
way. Because what if I'm a big
investor and I want to buy 2 million worth of shares?
Who is ready to sell to me? I got 2 million worth of shares.
But there are ways that we can solve this problem.
That is why I said NGS needs to call me.
I just want to ask you, you've already explained to us what

(30:16):
liquidity is all about in terms of illiquid stock and liquid
stock. Illiquid stock, according to
you, if in a trading day, if theaverage volume is less than
500,000 is illiquid to you and there are so many stocks less
than 1,000,000, OK, 1,000,000 ina day.
Yeah, that stock tends to be illiquid.
And what it means is that as a new investor is a new investor

(30:38):
that is listening to this podcast right now, if you get
into such stock, it might take you days for you to get in, but
it might take you months to get at.
Just so you know, you don't get into any stock because you see
it shining or somebody's talkingabout it on social media.
Then you just decide to get in. That's why education is very

(30:59):
important. You need to educate yourself.
You need to learn. That's why we are here.
That's why Chris Crypto same code is doing what he's doing to
enlighten the public. So you get this information.
Knowledge is power. You use that information to back
your trading or your investment.So I want to ask a crypto same
code list some of these companies that are illiquid so

(31:20):
that listeners will listeners will take note and be guided.
We are not trying to demarcate any stock.
We're not trying to demarcate anybody because this is the
truth. So can you list those stocks on
the NGS illiquid? The head of a company called.
Austin, Lars. Yes, yes.

(31:45):
So let me start with Austin, Ronnie Wave.
Let me warn people again, we have two types of market.
We have a bull market and APA market.
A bull market is where we see all the security is up trending
while ABA market is where the asset class or the security
price is down trending. What happens in the bull market?

(32:06):
In the bull market almost all these stocks because some people
that don't have any idea this stock is very cheap.
Now to say might throw away money inside because the stock
is cheap. You don't see that stock is
already you know. Mind you, the companies also
sell their stocks, yes, so they sell it, but they will cost

(32:27):
cascade. And I'm telling you because I
know for a fact I've seen I've seen it.
Some companies sell their stockswhen to have appreciated in
value they can extract liquidity.
There's no way you tell me Legend will not extract
liquidity from the market after they did a listing by.
Introduction. And I was just looking at
people. I said why would you buy

(32:47):
somebody that you don't even know their financial history,
their financial record, their financial background and you're
going to go and buy? Yeah, we also want here we
interviewed SC Fidelis, he said he doesn't get into any new
listed store because exactly he has not seen their financials.
He wait until he see at least three financials back-to-back

(33:09):
before he can make his decision.Sorry for interrupt.
I think that's even a very important thing that we need to
stay here on this podcast for newbies.
The whole point is to be informed before you even start
buying something, right? And yeah, likely some, some
stocks always just go up. You need to get instead on the
marketing legend is a very good example, right?

(33:29):
But some stocks, some companies actually go the extra way to at
least put out enough informationto understand what's going on
financially before you even buy it, right?
I don't know about Legend. I've I don't think I've checked
them out, right? But it makes sense that you do
that research because what are you buying, right?
What are you buying? If you don't know the companies,

(33:51):
but you don't know what the balance sheet looks like, you
don't know what the assets are, you don't know what the company
owns. You don't know what the company
owns. You don't you've not seen any
cash flow, right? So it makes sense to just first
of all, get that information free before you buy because if
you buy, the stock can go up. But like Crypto Cycle is saying,
you can go over there. You are trapped because you
can't exit, because there's no liquidity, you can't exit.

(34:12):
So yeah, it's very, very important that you, you, you
investors understand this. Just because the stock stock
just listed on the market doesn't mean that it's a good
company. You still need to do the
homework and understand the financials.
Yes, very important. And that's what he's saying,
just liking it to you are sick. You went to the chemist and you
say give me medicine, I'm sick. It doesn't work that way because

(34:37):
first of all, if you have an headache, you know what you're
going to buy when you go to the chemist, man, you know what
you're going to ask him to give you for the headache.
You're not going to go there andask him to give you antibiotics
for headache. You're going to ask him to give
you something that will take care of the headache, maybe
panadol, paracetamol. So why would you take your money
to the market, the stock market and you just buy any stock you

(34:58):
see without asking question. What does this company do?
Who are they make their money? You don't want to know, you just
want. Can you tell me the stock to
buy? No, I can't tell you because if
I tell you today and if anythinggoes wrong, you're going to
blame me. So when you come to me, I will
explain to you for you to buy a stock.

(35:19):
This is what you need to do to do this.
Once you understand the company that you can go ahead and buy
and like what crypto Sanko is trying to say here now is that
when you understand liquidity ofa stock of a company, you should
be able to know when to go in and when to come out.
But if you don't know that you go in blindly, how do you get

(35:41):
out? You get stocked.
Once you're stocked, how do you get out?
It becomes a problem. So beginners should really
understand these concepts. They are very vital to your
success and failure in the market is very important.
You can continue, Sir. Oh yeah.
Let me even give you 1 shocking revolution we put so far for

(36:05):
Total Energies. That's one of our subsidiary
company for asset management. Do you know how many months
before they could get out of Total Energies?
Two months, very liquid. Let me mention them.
There is one store called ThomasWhat street volume was 0 for 12

(36:30):
weeks? I counted it. 12 Wow.
And it was showing on my chart, no volume.
And all of a sudden, volume started increasing in four weeks
because we're in a bull market, poor cement liquid stock.
OK. It is an illiquid stock and

(36:52):
sterling at the premium bond apart from Aradale.
Aradale is liquid but most of the premium post stocks are
illiquid. Illiquid downloaded cement.
I I shed the the volume that it's traded again.
People can also check these things.
Number one thing for newbies make you NGS group websites

(37:16):
websites. They're print.
I only say that too. Live with it even though you
don't have. Access to this tools that I have
access to. I have access to Bloomberg.
Terminal I have. Access to XRP Capital IQ.
Again, gives you an idea of whatthis thing is.
Go and check what they've traded.

(37:36):
You see it HS have made it so easy those search for the
company name. When you get to NGS website go
to trade there will be a drop down.
From that drop down go to under equities rather after under
equities go to listed companies.When you type download the
cement I'm not showing you ways that you can just check these
things. You click on download the cement

(37:58):
you'll see the volume volume forthis talk is 316.
That's the daily volume to 116,629 That was what was traded
for. Sorry for that week, not for the
for the you will not see last seven days for NGS will not give

(38:18):
you. I have access to months last
seven days of download the cement.
This is a stock that is on the premium board.
You'll see it for two June 26413thousand, June 27562 thousand
units, June 30, 244,000 units. In the old trading session, this

(38:42):
was what was traded. OK.
How can you tell me that this talk is liquid and I should put
my money there? I can't get out.
So let me just list the other stocks that I illiquid have
called Thomas Watts and posting.Then there's Julie.
Then there's unity corn. I don't know why.

(39:03):
Unity Corn. You know, the corn, the assault.
Is listed in the market and somesome companies used to do what
we call bidding with themselves or maybe calling house to help
them to be training themselves so that it's active.
It needs to be stopped and NGS need to start looking into it.

(39:23):
If people don't like your company then maybe you should
look for a way to the list. Then apart from Austin last
there's Julie NIDF, transport power transport hotel.
All of them are unique. The only transport that is
liquid is the transport group. That is what I always post

(39:46):
comment that I don't post very good transport power transport
hotel. Why when I was posting Ekeja
Hotel, why didn't you just go and buy Ekeja Hotel at General?
That was the first second call at General per share.
Now where is in Catch a hotel almost 17 there is going to get
to 20 there, but it's not a financial advice.

(40:08):
Yes, I saw Morrissey and there is living trust run away from
that company or living trust. I don't know if they're living
dead or living trust run away from.
Yeah, formerly known as a more lower the and I was.
Talking to my colleague, that's on a man.

(40:28):
Was the model. He.
Told me that they were having. A case with them some of their
investments was called Ponzi Scheme, shared the link.
Where I read those things and I opened my mouth, I went to check
their financials as I was same. Blood of God, not blood of
Jesus, blood of God. I was screaming when I started
seeing their numbers. And this company is trendy and

(40:50):
people don't even know why they're buying them.
Then TAP stuff is very but it moves again.
It takes some days change millions, you know, once in a
while for people buy CAP again. Let me tell people something.
Some people buy some really goodstuff, but I'm not of that.
Opinion, and I don't share that sentiment with them again,

(41:13):
there's no right to. Wrong.
Some people buy some of these good companies that have good
financials with everything, but they buy them because of their
their dividend. But.
And I ask you, what if one day you need money and at that
moment it was CAP that you wanted to sell, then you put it
up for sale. What happened?

(41:34):
You couldn't get your your orderfield in the old trading day
session and you needed our money.
And then it affects your personal life.
You don't want to invest where it is difficult for you to pull
out your funds. Liquidity, like I said is the
heaven and earth of trading. If there's no liquidity in that

(41:54):
particular market that that market is illiquid and doesn't
make sense. It is not always appealing to
investors that want to invest. This scares investors away.
But the first question they're asking themselves is how am I
going to pull my money out if there is no ready made seller in
the market. So these are the major companies

(42:15):
well. If you look at the charts, the
charts, it's just showing that maybe they're shouting
Hallelujah in terms of the Candlestick, candlesticks are
dancing and. You don't even know what.
Is actually happening in that particular.
I'm not going to analyze such. Company or put those company in
my analysis because they are illiquid, very illiquid.

(42:37):
All right. Thank you so much for that.
All right. So I think you've, you've shared
quite a lot and a lot of useful insights and beneficial things
that a lot of newbies can take in, especially with
understanding what liquidity really is, right?
And you've mentioned a couple ofstocks that newbie investors.
Can you just go for that and research right and basically

(43:01):
stay clear of stocks that are liquid?
Sorry, let me add sell plants, add sell plants to the list.
Sell plants is is very liquid inthe London Stock Exchange, but
it's illiquid in Nigeria. Very illiquid stock and I don't
see why you should go waste yourtime spying except lots if
you're a young newbie in the market to buy SO.
I have experience, I have experience with stocks like

(43:23):
CEPLAC, right? Very, very big experience.
I mean this, this is stock that I think is the most pricey in
terms of per share. Yeah, pricey.
Pricey. Yeah.
Yeah, I think they have to splitthat stock back.
I read somewhere around them notwanting to split the stock
considering they don't want to. Dilute.
Because of the exactly they don't want to shareholders will

(43:46):
be so mad at them if they do that and they have to pass it,
they have to take it to the board.
So shelters need to to approve to approve that.
So the I don't think anybody wants to do that because that
stock is where people are protecting their life.
Investment sports again, NGX. First of all, should move this

(44:06):
premium world, there should be acap, people must consider is.
What is the total number of outstanding shares?
Yes, I used to see something that Fidelity was dropped into
like in terms of tracking banking shares and where where
some banks are done with their recapitalization or the ones
that have done their rights issue and they are done with
that exercise it. Tells you where.

(44:28):
The previous outstanding share is and what's the current noble
outstanding shares? Now what I will tell newbies to
start doing is. Look at the outstanding shares.
If you want to know the liquidity of that stock, look at
the number of outstanding shares.
What is the floats? In the tools that I use, I use
the floats. What is supposed to be available

(44:48):
for public trading? Then I don't.
Applies. So why is NGS not enforcing
that? Because when I was researching
on companies requirements for being listed on the NGS, there's
a float requirement that you have to meet 20%.
So why they're not enforcing it for all these, all the

(45:08):
companies? Now again, auditors, many people
do. Some people say oh they do
analysis and every other thing. Auditors even reported that oh,
you are not compliant. With the float requirement.
With the float. Requirements.
Again newbies, when you are analyzing or doing your

(45:28):
fundamental analysis, one thing you should always put at the
back of your mind is the show. The structure is always reported
in the in the financials, the annual statement or the the the
audited statement. Always check the shareholding
structure, you will see it in the shareholder structure.
The only those who always see their compliance, they are not

(45:50):
compliant. OK, Quickly, can you just
explain what is shareholding structure?
Most new business don't even understand that.
Can you just explain that please?
Thank you. OK.
So the show the structure of thecompany refers to the breakdown
of ownership. There are more groups of
shareholders to tell us how muchthis sources owned in this

(46:12):
company was the percentage, is it 50% or is it controlling
interest on how many shares thisperson have?
You will see the breakdown and it shows who owns how much of
the company, whether individual institutions, insiders or
public. So they'll always be a.
Breakdown as to all those thingsin.

(46:33):
The shareholding structure, you'll see how many top orders,
so these are to be reported in the shareholding structure for.
Emphasis sake. Can you can you pull up any
company at all? And.
Just let me let me pull up some companies call it shareholding
structure, OK, correct, correct.Now you can see Alico download

(46:58):
tape, you can see us as 21st look at what he has in 2025
that's personally to him. Then indirectly an equal rank of
the industry is 14 billion. So everybody can see the show,
the structure and every other thing to only mention the top
holders and there's this Indian guy, guy has over that was

(47:22):
128,560,000 units. You see the top those seats
listed here than others. So always check that and you see
the distance. Then you now read under it.
What did they say about if it's clients?
Yeah, NGX 2 is kind of confusing.
They should be general. Yeah, so they giving

(47:44):
professional treatment to some of these because the.
Premium board will always meet that trillion in terms of their
market cap. I think there's a way they say
you must have this amount. It's on the NGX.
Newbies can also go. To read these.
Rules on the float, they call itfloat, but downloading is
compliance. But in reality you cannot trade

(48:07):
download it because that loophole, there's a loophole in
that loan where you tell companies that OK, if you are
not in the premium bond that this is the requirement for you
to meet again. Then you see a company that
you're not even supposed to buy less level go to the.
Premium. They're not supposed to buy
because they're not compliant. Then you want to buy them in

(48:27):
liquidity. So that fault is from you
because you've not actually doneyour research.
That is for the newbies, so because they've not actually
done their research. OK, like you will say, not on
the most of them. They pay school fees, they will
not learn. You know when you pay school

(48:49):
fees that is when you get into an illiquid stock.
You can't get that you've already paid school fees.
Your money is stuck all. Right.
Yeah. So that's that's it.
So yeah, you can understand showthat structure from what crypto
cycle just explained that is always in the annual financial
statement. What is annual financial

(49:10):
statement? It is the the book, the document
that tells you are the company that you are invested in, are
they performed in the preceding year.
So like the current annual financial statement we have in
the stock market in Nigeria right now is one for 2024.
And most of these companies, theIA starts on January 1st and end

(49:31):
December 31st. Most of them not all, there are
some that are quite different from the above majority January
1st to 31st. So if you open the NGSS website,
you go to where these talks are listed, click on the any of the
company, it will show you where their financial statements are

(49:51):
and it is boldly written the AFS2024 that's unwashed financial
statement 2024. If you open that document,
you're going to see a lot of information.
It might take you days to read it or read it understand it.
When you open it, you're going to see what they call share with
that structure. If it is not stated as share
with that structure because alsostated as director's interest.

(50:15):
So they tell you who owns what in the company.
In the case of Dangote's meet Aliko Dangote as an individual,
as a person as 27,000,000 units of Dangote Senate.
Then indirectly through his companies, Aliko Dangote
Industrial Limited. He owns 14 billion units of

(50:40):
shares in this company in Dangote Senate.
That tells you he has a very high interest in the company, so
he's a majority shareholder. If you look at Zenith Bank, you
will see that Jim Morvia has a alot of shares.
There is the majority shareholder in billions.
You look at UBA, you will see that Tony Malou has the same is

(51:04):
the highest shareholder there. You look at First Bank, you will
see from your $10 and Gary Go you see from the total is the
majority shareholder. So this is how the the companies
are structured. The shareholders are structured.
You have to understand it so that you know where you stand,
you know who controls what company from the order.
Very important as a newbie, takenote of that.

(51:26):
Thank you. Crypto cycle.
Alright. Alright, I think we've shared
quite a lot of information with our newbies and going back on
track. Can you walk us through some of
your investment and trading strategies that you've used over
the years to basically select stocks and how you choose to
enter the stocks and how you then choose to exit?

(51:51):
OK. So again like I always tell
people trading strategies is peculiar to the investor and we
have different types of trading strategies.
I was mentioned them we have scalping was with a scalper.
A scalper is someone that entersthe markets and gets out of the

(52:11):
market within within seconds or minutes.
You these traders you will call the lower time frames in this
kind of market. This company needs a very liquid
assets to trade at that moment. So again a scalper cannot work
into Nigerian markets. We have what we call day

(52:32):
traders. Most of our stockbrokers that
run proprietary trades are day traders.
I am sell shares and exits. Some of that position within the
same day. And we now have what we call
swing traders. Now swing traders are traders

(52:54):
that buy an asset or a stock or a security, but it takes weeks
before they can exit their position.
Why? Because.
They heavily rely on. Both fundamentals and technicals
in order for them to take a massive position.
I'm a swing trader in the managerial markets.

(53:15):
War works. In the Nigerian markets majorly
is they trading, swing trading and what we call position
traders. Aren't many people are
positional traders now watching our traders.
They, they are traders that buy particular stocks and add to
their position in weeks or in months depending on what they

(53:40):
are seen in the markets and waits either they wait for
months or years for the start exiting their positions.
I can play with the three strategies that I said works in
the Nigerian market, either day trading or positional trader or

(54:03):
a swing trader, but it's only filters.
I did trade, maybe I exit and I'm just looking that's 10%, I'm
OK with that 10%. Now what's that 10%?
What has it done for me? They are made, I'm going to pay
some fees and all those things. You have to put this at the back
of your mind because somebody will say, well, it's only 10%
that you can make in a day now and there's only 10% that you

(54:23):
can lose in a day and all those things like that.
It's now it depends because if you're, if you're a big account
holder and maybe you're taking atrading, again, this is my
financial advice. They're taking a position of a
10 million. And every other thing I always
tell people you factor in the cost and all those things.

(54:44):
So virtually anything that is going beyond days most majorly
work in our markets is people with that swing traders.
Our. Position our traders because at
the end of the day you're going to pay SEC, you pay all your
fees and every other thing because like I said, some of the
stroke guys that do proprietary treaty, they do day trading, but

(55:06):
for me I practice. The two either swing trading for
some kind of stocks and based onwhat I'm seeing a positional
trader. Now what's what kind of strategy
do I do? I'm a price action trader in the
Nigerian markets and a price action trader heavily rely on
volume analysis, demand and support zones, supply and

(55:30):
resistance zones. Yeah, yeah.
That's it. All right.
Interesting, right? And do you recommend people
specialize in one market or diversify across several markets
like you do? Our advice to always diversify
in every sphere of the market. The world is changing and I will

(55:55):
need to not make sense that you're over concentrated in one
region. Now anything that that one
should learn from what is going on in the world is our
geopolitical crisis that is happening all around US1 lesson
that every investor or every trader should learn from this is

(56:16):
that you should not put all youreggs in one basket because what
if one thing happened? Maybe these two countries are
fighting and all of a sudden because that country has more
power, they can turn off their trading server or say we are no
longer accepting money from these people or say.
We are going. To seize the assets we saw that
we tell Russia and Ukraine, the euro zone sees most of the

(56:39):
Russian assets and all those things you look at it to again,
the Iran Israel war so that the exchange Iran crypto exchange,
one of the crypto exchanges in Iran was act diversify your
portfolios so that you won't be in trouble or crying for help.
It's very important to diversifyyour portfolio across all key

(57:04):
critical political zones. If I mean critical, I'm not
saying it in a bad way. Like in key regions, let me use
the word. Key.
So so that you'll be welcomed. Interesting, interesting.
But then of all these markets that you are exposed to, which
one excites me the most and why?Why does that particular market

(57:24):
excite you the most? It's like I will not like say
the crypto markets excisely the both, but.
I'm beginning to love the Nigerian market again.
People ask me, why don't you post?
So. A lot of people.
Chat, I said Nigerians have seencrypto.
Which I'm trying to who are going to change their mindsets.
They start, they start preachingthose kind of shenanigans to to

(57:49):
their followers in terms of how to scam them or how to RIP them.
You know they do that and I'm going to expose their one day
when I'm out, when I have their time.
Where to do that? Well, the Nigerian market
excites me. Well, the crypto market excites
me the most. Well again, I can't choose even
the US markets anywhere there isliquidity excites me the most.

(58:11):
Let me just use that way. Interesting interest.
Yeah. So you, you said the Nigerian
market excites you the most because crypto, many Nigerians,
they're used to crypto, they understand crypto very well,
but. Do you not mean that they are
not? No, no, no, I didn't say many
Nigerians understand crypto. I said the crypto market excites

(58:34):
me because I started with the crypto market, like investing,
throwing real money into it, buta lot of Nigerians.
Have confused crypto for Ponzi schemes in terms of promoting.
Meme coins or shitty things thatdoesn't make sense like that.
That is not even what Satoshi Nakamoto.

(58:55):
Nakamoto. Stood for in terms of creating
these beautiful assets called Bitcoin.
In the world, I said when I havetheir time, I'm doing.
For now, I loved, I love all markets beats commodities.
I'm there talking about gold, I'm talking about Siva, I'm
talking about all sharing analysis.

(59:15):
I even did critical analysis. I'm there types of stocks
Nigeria and us there in terms ofin terms of.
Bond market. I talk about the bond markets
too, Euro bonds especially looking at the key, key.
Critical euro bond, I'm there totalk talking about that and love
the markets as a whole. And like I said, anyway, there's

(59:38):
liquidity. OK.
Thank you for the clarification.Thank you for the clarification.
So now are there any Nigerian stocks or sectors that stand out
to you correctly, Technically speaking, technically speaking,
not fundamentals. Well, again, very, very good.
Question. My friends we met on X and we we

(59:59):
became good. Friends, he's very good.
His name is Cedar. And he asked me very good
question on the platform, on thecentral community, he said right
now what set tool do you think would?
Attract. Capital and I told.
You that was FMCG set up with attracts capital that's so why

(01:00:24):
did I say the FMCG I was. Looking at the genre in depth, I
said this is where capital will flow.
Why? Because nobody likes their
shareholdings to be diluted. Click is inflationary.
If I'm going to be increasing myoutstanding shares, then it's

(01:00:44):
always going to affect the priceone way or the other.
Even the dividend as well. Exactly.
Even you are bringing in new shares and all those things and
I said investors will not like that.
So they'll go to where there's no too much dilution of
shareholding. So I'll go there and invest.
And what is the major place thatis that kind of look attractive?

(01:01:07):
So it's not the oil sector because there was tariff and
buyback prices was coming down. And I said these guys will do
it. And I was one of the first
person that called Cadbury and Itold them go and buy Cadbury at
21 naira to 22 naira per share and where is Cadbury today?
And they were doing bad fundamentally.

(01:01:27):
But I was looking at it technically from the technical
aspect and I wrote a lengthy trend on Cadbury before Cadbury
now became profitable. I did seem for PZPZG some good
numbers apart from PZ also. There were a lot of them.
U A/C. U A/C I remember that was even

(01:01:51):
2023 Nascon Nigerian Bureau. They were a loss.
I can't I can't count now that Nascon I remember Nascon giving
4 calls on Nascon giving calls on downloaded sugar.
Apart from that vital film. Trying to remember the other
other thoughts a lot. We started analyzing most of

(01:02:14):
these FMCG companies that was liquid and I started giving like
a not a financial advice call, but showing where people
position and benefit from. I come from that.
I was also looking at the Pharmaceutical industry, that's
the health sector. So for the health sector, we

(01:02:36):
stopped spoke about near meds, we spoke about fixing.
I never even knew that a lot of my a lot of them made money for
my community members because of them executes at right prices
and all of them. And again, a lot of people are
buying at the top where some of my members are existing with I

(01:03:03):
look out for and I watch in the market.
Now the next sector, let me dropthe pointer here so that you can
listen. The next sector, we're already
taking our we've already won't taking our position after the
FFCG. It's like what's the insurance
because of very soon, they will soon sign their bill and that
bill is going to unlock a lot ofthings.
That. Insurance sectors should be the

(01:03:26):
next. So I want to ask you a quick
question. You're running driving WhatsApp,
Telegram and Twitter communities.
What inspired you to start sharing your knowledge in this
community? Well.
Like I looked at our environment, Niger is a place
where people need help. And again, I even worked one of

(01:03:47):
the brokers and I said, see, youpeople want young people to
invest. I have them.
And they are willing to invest remove this minimum term because
this minimum barrier remove it. And she and they said, OK, they
will talk to the management, tell them is from the central
community. And she said, OK, she will talk

(01:04:09):
to the management and all my members because I don't, I
would, I would put this, yeah, Iwill not tell them to invest
them or buy shares on a fintech platform because there are many
things that they will not be privileged to #1 their data
feeds in terms of price is bad. Wrong.
It is. So I tell them open a

(01:04:32):
traditional broker. You're opening it because of me.
They said I would give me my referral code.
I said no because I told them, Isaid the only rule that I gave
on the permit was don't send me DM or anything that you send me
DM. You will pay $50 per if you come
because if you cannot sit down to read all these things that
you are seeing. I have still coming to my DM to

(01:04:52):
look for alpha. Then again, I don't think you
are ready to to do this work, this trading journey.
So I looked at the environment and I said people don't have
money, disposable income talk less of paying somebody to teach
them on how to trade or or invest.
And that was what made me so passionate to share my knowledge

(01:05:14):
for free. I've always been a guy right
from my school days. I teach my my classmates and I'm
not somebody that holds knowledge.
I teach them and and that's whathas been helping me.
That's my motivation. I everybody is happy and doing
well. Definitely we can sign good
deals in future as good friends or we can work on something

(01:05:38):
elaborate or good product and good projects.
At least you say, Oh yes, this guy.
So that's the mindset and I don't know what's that's the
mindset and I'm happy that I've helped a lot of people to
become, you know, to become financially free for my
platform. A lot of people are giving me
good testimonies and I want to see that to translate.

(01:06:01):
I know that a lot of people willbe angry because I'm doing this
for free and not collecting money from somebody and they
might be thinking I'm spoiling. But no, I don't think if you
want people to join the Nigerianmarket, the way is not is not to
start dealing them and they havenot seen results.
The way is for them to come intothe market, let them say I even

(01:06:23):
if they are going to collect COBOL, it will be on their own
terms that they collected the COBOL because they did not see
some some things. So this is what?
I look at in the Niger market and I.
Hope that a lot of people who come to our market and will have
more participation. In the market, so that is it.

(01:06:45):
So how? How do you manage balancing?
Basically your own routine, right?
Figure out your own investment at the same time teaching and
mentoring others. How do you balance it?
The very. Good.
Question I asked that was a particular topic every Sunday
because today I spent 3 hours with my community members
talking about, we always do our market review.

(01:07:07):
Yeah, this is so I think last two weeks I spoke about trading
or investing with a nine to five, what should you do and all
those things and as mentioned key things.
The first thing is I already know what I want to buy for the
week. I've been tracked.
I prepare my setups weekend pluswhat my community members

(01:07:31):
request for and I don't. And before the market opens,
I've already played pushing my bids or into the man.
And you know, again, you have tocheck.
To ensure that that bit. Goes through because you have to
fight our market is dog eat dog talk about I spoke about the
acts ART the acts of buying and selling in the Nigerian market

(01:07:53):
there are a lot of things that many investors need to traders
like me need to see so I've donemy setups and.
And every other thing. The ones that I know, I want to
sell that as it's my take profit, I put the offer into the
market and that's just it. It's just about what you want to
do. So that's the principle that I

(01:08:16):
apply when very. And I'm proud.
To say that I've been able to cover to 90% of listed companies
people can check it they can Fact Check me by going to my
timeline to check all the stocksand I'll be able to cover those
talks based on this weekly market review and I always even
reference them when if there's aneed for me to reference it.

(01:08:39):
So again, that's how I run my this team.
People ask myself, where do I get this energy from?
So I suppose I don't even know how to do it and like that.
So these are the things few tipsthat I this thing I do before
markets opens or close and I don't check My Portfolio because

(01:09:03):
again, let me put this when you know what you've bought, you'll
be attract at rest. If I'm going to lose money
because the market went against me, I learned from me.
I spoke about today, I did a Part 2 of three trading and
investing psychology in the markets and our case study was
the Nigerian market because we're already in a bull market

(01:09:25):
and this is what happens when people are sharing screenshots
of their profits or their dividend and all those things.
I spoke about that again, there's a lot of technical
analysis more or less like a psychology in which I've learned
from my mentors and a lot that I've learned from a lot of
marketers. So these are the things that
have that taught me. Yes, that's it.

(01:09:51):
All right. Thank you so much for that.
A question, I want to ask you a question about reforms.
What reforms would you last liketo see in the Nigeria's capital
markets so. The number one, you, you, you
all know the reform that I want to talk about.
No one is liquidity. Liquidity attracts foreign

(01:10:13):
investors. Now I want to see millions of
Nigerians, if in US the young atleast 18 year old is already
invested in the market, growing his knowledge in the market can
have that too. In Nigeria, you need to work
together with SEC in terms of this insider dealing.
I was having a conversation withan Uber, I don't know if he's a

(01:10:33):
lawyer, but he said the new ISA 2024, the insider dealing to
look so unfair. How do I mean by unfair 14 days
before you can report. So that person has seen the drop
in the market and will not even get to know before 14.

(01:10:54):
They need to work in hand with the SEC to do that because in
the US if somebody is selling immediately you are alerted if
an insider or if the CEO of the company or the MD is going to
sell, you see that they has filed with the SEC.
We need to have that. It is an equal playing field.
So let's investors, let's traders see that something up is

(01:11:17):
happening. Not that that every day I have
to go to the NGS. This thing yes that's where you
get the information goes under the corporate disclosure on to
see where X should be the place where you start seeing all these
things inside and by we have handles or account that is doing
it who does but investors shouldalways check what date did that

(01:11:39):
person buy check the price. Don't those Russians say oh is
buying it is good for the stock.Look at these little details.
I always pay attention to those details and these are the things
that always piss me off because when I see MV buying at a
cheaper price. Example is the Fidelity MD wanna
check when she bought yes, it shows confidence in the company

(01:12:01):
and they should work in hand with the SECNGS should work with
the SEC to modify that law so that there should be
transparency in the market. Apart from that liquidity.
How do you attract liquidity? You need to revamp that premium
bond and make it fix for public trading in terms of the float
size. I want the NGS to work in that

(01:12:23):
regard to enforce to attract that liquidity is not somebody
holding all the stocks who will not see it in the US.
So again. OK.
These are these are the things that NGS if they can first of
all solve that liquidity issue. And the other things look at the
registrants are they way to makethe registrars more responsible

(01:12:46):
because most of them are irresponsible.
And next thing is enforcing St. compliance on shares that have
not been treated like you've been on a listed market and
you're not traded for weeks and benefit is another is 12 weeks.
That's all. Did not trade anything it was 0
for. None of the Saudi.

(01:13:08):
All of the Saudi why should my money go into that company
except you haven't and inside that information about the
company and I don't trade on inside that information because
that's cheating and it's illegalto trade based on inside that
trading yes. So I will say don't invest in a
company where. You're not supposed to invest

(01:13:30):
in. A Don't invest in a company
where you're not supposed to invest in IA.
The last question. Can you ask him the last
question so that I can call it aday?
Yeah. So I think you've shared, you've
shared quite a lot. I think you've given a lot of
beautiful insights that our listeners, especially young

(01:13:50):
investors can pick from. I think I, I mean, we've, we've
been going on for quite some time right now.
And like you said, you, you, you'll be very, very much
interested in talking on and on and on.
But unfortunately, we'll just have to call it a default for
today, right? So for someone who just starting
out investing and this is feeling overwhelmed with all the

(01:14:10):
Jaguars and the volatility, right?
What's your piece of advice for such a newbie investor who is
looking at all this information and trying to figure out where
do I start? How do I package all of this and
start picking quality stocks or be advised to such an investor?
OK, well my advice to people, I always tell you start from

(01:14:33):
understanding the market, knowing what you are getting
yourself into. And the first thing is you have
to understand what the Nigerian market is and it is not hard.
You don't have to go and study finance before you can
understand how to read a financial statement and others.
There are people online especially for what's more do or
sit down and watch. Learn before you throw your

(01:14:57):
money into any company and do your own research, not just
listening to all these people. Do your own research.
These companies dish informationon their website.
Learn about the business model of a company.
How do they make money? If you know you want to go in as
a long as a long term investor, how do they make money?
Are they going to expand? What, where and where is their

(01:15:20):
products getting to? These are the questions that
you're asking. As a long term investor, like as
a value investor, OK, what do I see?
How much are they producing in aday?
How many people? Why did the volume drop?
You always hear people talk about revenue and I always tell
people revenue is what price times quantity.
Now, why should revenue go up? As an investor, these are

(01:15:41):
questions you ask yourself. Why is revenue down?
There are only two things that make revenue go up or down, and
two things that you always look at is either the price or the
quantity is either the quantity increases or price increases and
the quantity drops. Then yes, ask yourself what
happened? Why did the quantity increase
and why did the price drop? Maybe OK, inflation happen.

(01:16:02):
That is why the producers are toincrease the price.
These are ways to understand thecompany and understand this and
you're driving it. You're doing all these things,
you're doing all this analysis, you're asking yourself, OK,
where do I see this company in the next three years?
OK, what's my investment plan? What's my investment thesis?
The first thing that you're always going to do is use to

(01:16:24):
write to draw out the plan and understand the sector that you
know you are good in, that you are conversant with that you.
It's not just like it that you understand before you throw in
capital into it. All right, thank you so much,
Crypto Senko. Thank you for sharing your

(01:16:46):
insight, your time, and your incredible energy with us today.
From demystifying technical analysis to championing beta
governance in our markets, your work is truly inspiring to our
listeners. If you've enjoyed this
conversation, make sure to follow Crypto Senko on Twitter

(01:17:08):
at Kingsley. Kingsley is paired as.
A. EAN XL EY and join one of his
educational sessions to deepen your market knowledge.
He's on Telegram every Sunday. He has a lot of information, a
lot of videos on so many technical and general

(01:17:30):
information about stock market, crypto market.
He has a WhatsApp group as well.He has a community there, a very
large community, over 1000 persons, right?
And, and he's on Twitter. He's he's all, he's everywhere
all the time. That's why I sometimes I wonder
how does he do it? So follow him.

(01:17:51):
You will learn a lot and your future self would thank you for
following him and for taking hiseducational session seriously
because they are going to deepenyour market knowledge.
As always, stay consistent, staycurious and stay invested.
See you in the next episode. Bye for now.

(01:18:30):
Thank you for listening to another episode of the favorite
podcast that brings insight to the Nigerian.
Stock. Market We hope you enjoyed
today's episode. To get more episodes.
Like this? Follow us on YouTube, Twitter,
Facebook, Instagram, TikTok, Amazon Music, Apple Podcasts,
Spotify Podcasts, as well as on our website.

(01:18:50):
All this information is available in the show, not below
this episode. Until we bring you.
Another episode your way next week.
Bye for now. T and I Podcast is executive
produced by This episode was edited by Bruna at Raw Parry
Village Studio.

All Episodes

Episode Transcript

Popular Podcasts

Dateline NBC

Stuff You Should Know

The Breakfast Club

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Beginner’s Guide to Nigerian Equities: Technical Analysis, Volume Strategies & Liquidity with Crypto Senko

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Dateline NBC

Stuff You Should Know

The Breakfast Club

All Episodes

Beginner’s Guide to Nigerian Equities: Technical Analysis, Volume Strategies & Liquidity with Crypto Senko

Dateline NBC