manie:



Some of us do not see anything spectacular in Access Bank shares, what we are seeing today was expected but we do not know when it will happen. Just rounded up my Access holdings to 100k units on Monday 17th August.

I still want the bear to continue and it MUST definitely continue, the little dividends, interests and other income coming in from other sources are more than enough to keep on accumulating good stocks at great discounts.

Anybody who is trying to time this market is on along thing, the bull will come like a thief at night, the people who will benefit from the next era of wealth transfer via the stockmarket are the patient, informed and constitent long term value investors.


https://www.nairaland.com/1233138/stock-performance-2000-2003-date

Stock performance from around 2002 to 2013

Agbalowomeri:


You forgot to add; poor pay

Manonamission:


"A leading Cote D’Ivoire’s insurance company, Sunu Assurances Vie Cote D’Ivorie has received the approval of the Nigerian Stock Exchange (NSE) to acquire 28.2 per cent equity stake in Equity Assurance Plc, in a deal valued at N1.25 billion.

Sunu Assurances would be acquiring a total of 2.497 billion ordinary shares of 50 kobo each of Equity Assurance Plc, representing 28.2 per cent of the equity stakes held by Skye Financial Services and other shareholders of Equity Assurance.

Equity Assurance, which is quoted on the insurance sector of the NSE, currently has total issued shares of 8.847 billion ordinary shares of 50 kobo each trading at its nominal value of 50 kobo, representing total market capitalisation of N4.42 billion.

Reliable market sources told The Nation the quotation committee of the council of the NSE approved the transaction.

Market analysts said the sustained depreciation of share prices of Nigerian quoted companies has made several companies targets of acquisitions. The low valuation is prominent in the insurance sector, where most companies are trading at their nominal value of 50 kobo.

Chairman, Equity Assurance Plc, Mr. Adetutu Buraimo, had hinted about the acquisition at the company’s 28th annual general meeting (AGM) in Ijebu-Ode, Ogun State

According to him, the company plans to seek for new equity investments from strategic investors.

Shareholders passed a resolution to increase the company’s authorised share capital from N7 billion to N10 billion.

The acquisition comes on the heels of recent rebound in the performance of Equity Assurance, which recovered from a loss of N365 million in 2013 with a profit of N310 million in 2014.

He said the group recorded a total premium of N4.846 billion last year as against N4.616 billion in 2013 while the company’s solvency also improved as shareholders’ funds increased by four per cent to almost N4 billion.

He reiterated the commitment of the board to delivering return on investments to shareholders, adding that the company hopes to achieve this by driving market penetration and expanding its frontiers in retail.

“New products will be developed to serve the needs of the insuring public, while more electronic distribution channels are being opened up to make its products more accessible to prospective policy holders,” Buraimo said.

Equity Assurance was incorporated on December 13, 1984 and was licensed to underwrite all classes of general business. The company operates with a recently increased authorised share capital of N7 billion and shareholders fund of about N5.1 billion. The company is a corporate member of the West African Insurance Company Association (WAICA) and the Nigeria Insurers’ Association (NIA), the official umbrella of registered insurance companies in Nigeria and The Africa Insurance Organisation (AIO).

Equity Assurance Plc is the parent company of Equity Assurance Limited, a Ghanaian subsidiary that started operations in Ghana in 2008."


Note the bolded. Volume traded today reflects the target. I have no information about the "SKYE financial services" but if it's Skye bank dealing, then the management might be seeking alternatives of raising capital considering the lull in the market. Former subsidiaries of Mainstreet might be put up for sale too if the bank doesn't want to adopt the Holdco model.

Agbalowomeri:


Abeg branch Copenhagen make I host (kidnap) u!

manie:



Some of us do not see anything spectacular in Access Bank shares, what we are seeing today was expected but we do not know when it will happen. Just rounded up my Access holdings to 100k units on Monday 17th August.

I still want the bear to continue and it MUST definitely continue, the little dividends, interests and other income coming in from other sources are more than enough to keep on accumulating good stocks at great discounts.

Anybody who is trying to time this market is on a long thing, the bull will come like a thief at night, the people who will benefit from the next era of wealth transfer via the stockmarket are the patient, informed and constitent long term value investors.


https://www.nairaland.com/1233138/stock-performance-2000-2003-date

Stock performance from around 2002 to 2013

Michael11stock:
I am loosing 60% of oando the thing dey pain me ooooo gan gan

Justcul:


Nobody talks about Germany.. good people, great transport network system 24/7 and very clean environment... good infrastructure, very organised people etc...

**Modified**

manie:




There are other invitations that are currently ignored by investors and traders.

FannySwindler:
Is it true that any Access stock acquired after declaring dividend is not entitled to one.?

Is it true that one will always get dividend if one sells...after the closure date? But the buyer will not get any...

Agbalowomeri:


Yeah can't agree less, but the pay mehn!

lancee:




u re right

Aks:
I'm surprised that some guys are feeling ontop of the world on Access bank results as a catalyst for upward trend in the days to come. This is very funny but i am 100% sure that no Mature traders/experienced investors on NSEMPA will toll that line cos company results has little or no correlation with the direction (BULL/BEAR) of stock on NSE.

lancee:
If all stock like make dem go down , we go still chop this dividends ...ZENITH , ACCESS , GTB , we dey wait for My OANDO AND UBA dividends


The ones that are are going down, go soon come up one day

sky2891:


Please, what do you have to say about Niger insurance?

mercylicious:
Dumexoga sighted.
Bros, I hail oooo.
Any good news for oando?

Yem0350:
Help me push access up sodat I can sell oh. It has b long since av n averaging d price. I dnt nid dere dividend. Let me jst go out safely. I nid moni for my fish farming business.

angelo82:


UBA will next year unless shame catch UBA but since elephant no give anything yet,I don't think UBA will give anything for now but who knows.............They can surprise us...................

Yem0350:
Help me push access up sodat I can sell oh. It has b long since av n averaging d price. I dnt nid dere dividend. Let me jst go out safely. I nid moni for my fish farming business.

lancee:



10k not bad

emmatok:


Not only you .
Oando with all their hypes, really thought me to stop buying stocks based on sentimental technical analysis.

The only way to make money in Oando is to, sell now and buy below 8 naira.

angelo82:


Hopefully..........At least to push the stock upward............

lancee:



To bail out

angelo82:


Salary is very good for professionals but I still think the government of that country is a deceptive one............Give with one hand and take it back with another one...............Except for newbies in Europe,thats not the best country to live...................

AkinadeDare:




Noooo.........don't sell with d huge loss...
If u can't buy, pls hold on.

angelo82:


No be to loot again according to Lancee................

mercylicious:
Dumexoga sighted.
Bros, I hail oooo.
Any good news for oando?