Wealth With Prosperity

How I Screen a Stock 67% of you said picking what to invest in is the hardest part. Here's my actual process, no theory, just what I check before I put money into anything: 1. Can I explain the business in one sentence? If I can't explain what the company actually does and how it makes money without jargon, I don't understand it well enough to hold it through a bad quarter. 2. Is the earnings growth real or one-off? I check if profit growth is coming from the core business (sales, margins) or from something that won't repeat (asset sale, FX gain, tax credit). One-off gains make headlines look better than the business actually is. 3. What's happening to margins over time? Rising revenue with shrinking margins tells a different story than rising revenue with expanding margins. I want to see the company getting more efficient, not just bigger. 4. Can I stomach the worst realistic case? Before I buy, I ask what happens if I'm wrong. Not "if it drops 5%", if the thesis is actually wrong. If that scenario would make me panic-sell, the position is too big or I don't believe in it enough. 5. Do I actually want to hold this for years, or am I chasing a move? This is the one that kills more people than bad analysis does. A great company bought for the wrong reason because it's "moving" gets sold for the wrong reason too because it stops moving. None of this is complicated. It's just slow, unglamorous, and boring, which is exactly why most people skip it and go straight to "what's the next stock that's about to run." Not financial advice - just sharing my personal investing journey. Every naira is a brick 🧱

Why can't an NGX stock fall more than 10% in a day? The exchange sets a daily price limit: 10% up or down from the previous close. A stock that closed at ₦100 can go no lower than ₦90 the next session. The limit slows panic. It doesn't change the company, and it doesn't stop the next day's move. Just know the band.

The NGX fell 2.13% last week. What I did about it: nothing new. * Reread my rules * Checked my plan * Went back to the results The market moves fast. The plan shouldn't.

Last week on the NGX 👇🏾 ASI: −2.13% Market cap: ₦165.11trn → ₦161.59trn Dangote Cement: 9M profit up 31%, Q3 profit up 51%. Its price for the week: −5.56%. Good results don't protect the price in the short run. That's why I read both.

Long-term investing is boring on purpose. Same rules. Same habits. Same patience. Boring is how it compounds.

Three rules I follow. All written down. 1. The rent I'd have paid goes into investing 2. No pressure. No chasing. 3. Read the results and the price together Simple on purpose. Simple rules are easier to keep when the market is loud.

If you want to understand the NGX better this weekend, read just three things. * One company's 9M results, beyond the headline * One dividend announcement: amount, cover, dates * The share price around the results Three small reads. A lot of clarity.

Mistakes I work to avoid as an NGX investor * Reading the profit and ignoring the price * Reading the price and ignoring the results * Chasing a stock because it moved 10% * Investing without a written rule * Judging a year by one bad week I still catch myself sometimes. That's why I write the rules down.

This month makes one year since I started investing on the NGX. Late start. Small steps. No crowd. What the year taught me: * Read the results and the price, together * Write the rules down before the market tests them * Dividends reward patience * Slow is still moving Year two starts now. 💪🏾

Index flat. Market not. Monday: ASI −0.02% Tuesday: ASI +0.02% Looks like nothing happened. But on both days, more stocks fell than rose: * Mon: 21 up, about 41 down * Tue: about 20 up, 32 down That's called breadth. It shows how many stocks are really moving with the index. A flat number can hide a weak crowd.

Early on, I didn't have a crowd. I had a habit. No big account pushing my posts. No guarantee anyone was reading. So I built my own support: * Show up daily, even when the views are low * Learn in public, so mistakes get corrected * Write the rules down, so emotion doesn't decide * Count the small wins You don't need support to start. You need a routine that doesn't need applause.

Read the market in 3 layers. 1. Index: ASI +1.23% in October 2. Sectors: Industrial Goods +16.85%, Banking −10.42% 3. Stocks: the results and the price of each company Layer 1 alone hides the story.

The index moved 0.02% yesterday. Basically flat. Underneath, it was not 👇🏾 * Oil & Gas −3.75% * Banking −1.79% * Industrial Goods +3.34% Twice as many stocks fell as rose. A flat headline can hide a lot of movement. Look inside before you read the number.

My Polaris Bank account is still restricted, and I need help from @PolarisBankLtd Since I started the verification process, I have: * Submitted every form they asked for * Completed two video validations * Received their staff at my residential address in Nigeria I now get another request: a court affidavit over a phone number that is the same on my BVN and on their form. Dividends from Zenith Bank and GTCO have already landed in this account, and I cannot reach any of it. I have written to the Yes Center. I am asking Polaris Bank to look into this and give me a clear answer. 🙏🏾

Same results season, five lessons. → Same profit growth, different mix → Look below the headline line → Check the currency → Don’t stop at nine months → Results are not the price Full article, with the numbers behind each one 👇🏾 nitter.gq/WealthWithPro/status/2…

FirstHoldCo: profit up 65%. Price down 19% in two sessions. Both are true. I use 9M results from Stanbic, Zenith, Seplat, Dangote Cement and HBM to show how I read them. Numbers first. Then the price. Keep both in view. 👇🏾

I started investing on the NGX late. November 2025 But before that I did one thing that’s helping me now Land first. Then the house. I finished building in 2024 and moved in. Got married that December That means no rent to pay. So I made myself a promise: the rent I would have paid each year goes into investing No pressure. No chasing. Just steady Late start. Solid base.

Tomorrow I'm publishing an article on what 9M results season taught me One example: FirstHoldCo's profit rose 65% and its price fell 19% in two sessions Same company. Same week. I break down how to read results, and why the headline and the price don't always agree, with real cases: Stanbic IBTC, Seplat, Zenith, Dangote Cement and HBM Monday. I'll pin it to my profile.

9M results season is done. 5 things it taught me 1️⃣ Same profit, different mix Stanbic IBTC: net interest income −14.9%, trading revenue ₦23.86bn → ₦210.13bn 2️⃣ Good results ≠ rising price FirstHoldCo: profit +65%, price −19% in two sessions 3️⃣ Check the currency Seplat: profit +174% in dollars, about +143% in naira 4️⃣ Read the tax line Zenith: profit before tax +1.2%, profit after tax −11.6% 5️⃣ The latest quarter matters HBM Nigeria: nine-month profit +31%, Q3 alone −15% Headlines are one number. The story is in the lines around it. Full breakdown on Monday.

Zenith Bank 9M: PBT up 1.2%, PAT down 11.6% Wait… how did that happen? The tax bill tells part of the story • Tax expense jumped to ₦253bn from ₦153.2bn. • Effective tax rate rose to ~27% from ~17%. But don't stop there: • Trading income swung from a ₦277.7bn gain to a ₦229.2bn loss. • Impairments dropped to ₦230.8bn from ₦782.8bn. So, there's more to this result than the headline numbers suggest. Investors, don't just read the profit. Follow the lines behind it.