Agbalowomeri:


As the guy don return, I knew he go destroy ucap and afriprud

Tony right now looking at the shellholders

Mpeace:
What, in your opinion would inspire this recovery you write about? You and I know that bubu is never going to resign, and thats the only thing that can save the economy.

Naira's weakness will eventually work in our favour, bubu or not.
When ZAR, KSH and GHC become too expensive for the portfolio gods, then we shall smile.

We also know how resourceful our people can be.
These two will bring about some kind of recovery, of an indeterminate time frame.

I do agree though, that strong leadership and policy direction is needed for any long-term recovery.

robobo:


my oga i agree with you. that is what is already even in place going by present requirement

but it wld be absurd to stipulate $1b (N360b) capital base for bank in Nigeria even where they are international.

that is where my thinking is coming from (that it shld not materially affect the FUGAZ much) becos the minimum in that space is already > 360b

Why?!

If we have more than 3 banks (FUGAZ) that presently have depositors fund in excess of US$5 billion EACH, I think it is reasonable.

Be adequately capitalized for the work you wanna do.

Can't we see how even the NGN 25 billion was to small when the proverbial s**t hit the fan in 2009?

DaV8King:


Why?!

If we have more than 3 banks (FUGAZ) that presently have depositors fund in excess of US$5 billion EACH, I think it is reasonable.

Be adequately capitalized for the work you wanna do.

Can't we see how even the NGN 25 billion was to small when the proverbial s**t hit the fan in 2009?

my chief you do have a point and i am already readjusting my perspective on same was initailly looking at it from an absolute basis and not relative

particular on that aspect of having more than $5b asset / depositors fund

but still optimal use of capital must also be put in perspective

Basle II and III still stipulate circa 8% capital for every asset a bank hold

$1b capital to $5b asset wld give abt 20% which might not be a optimal use of capital

robobo:


my chief you do have a point and i am already readjusting my perspective on same was initailly looking at it from an absolute basis and not relative

particular on that aspect of having more than $5b asset / depositors fund

but still optimal use of capital must also be put in perspective

Basle II and III still stipulate circa 8% capital for every asset a bank hold

$1b capital to $5b asset wld give abt 20% which might not be a optimal use of capital[b][/b]

Plus Nigerian factor of 5%, and you will see the CBN is making sense


IMO, the CBN itself should be recapitalized.

How can you be funding a US$400 billion economy with a capital base of NGN 100 billion?!!

As it stands, any of the FUGAZ can technically buy the CBN without even denting their liquidity.

Na wa o

Princkez:
https://nairametrics.com/2019/06/24/forte-oils-majority-shareholder-to-acquire-fresh-n22-billion-worth-of-shares/

just came across this news

Airtel plan to list share between N363 and N454 per share through a book building process, exclusively for high networth individuals....

https://guardian.ng/business-services/airtel-nigerias-ipo-exclusively-for-high-net-worth-investors/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2318371+%3D%3E+MORNING+NEWS+HEADLINES+&utm_content=91703c13d2a63a3ec463db5ebbebfe405601c186

DeRuggedProf:
So you go redeeming the redeemed?

Are you an atheist or agnostic or you belong to same sect with Rationalmind?

Na zenith get today with cross bids.
This is planting season, some smart guys quietly taking position in some necessary stocks, lets see what happens after they buy finish.
Someone will tell me they are running away now. What about those running in?

DaV8King:



Plus Nigerian factor of 5%, and you will see the CBN is making sense


IMO, the CBN itself should be recapitalized.

How can you be funding a US$400 billion economy with a capital base of NGN 100 billion?!!

As it stands, any of the FUGAZ can technically buy the CBN without even denting their liquidity.

Na wa o

my oga hw for do naaa

wetin u mention / recommend above na him be hunter become the hunted

in short Overtake Don Overtake Overtake (ODOO)

hmmmmmmmmmmm

I do not get the part that says the new investor needs to acquire more shares to have a majority stake. The new investor already has 75%, will they want to buy out others at N66 per share. This question is hard to answer for now.

Princkez:
https://nairametrics.com/2019/06/24/forte-oils-majority-shareholder-to-acquire-fresh-n22-billion-worth-of-shares/

DaV8King:



Plus Nigerian factor of 5%, and you will see the CBN is making sense


IMO, the CBN itself should be recapitalized.

How can you be funding a US$400 billion economy with a capital base of NGN 100 billion?!!

As it stands, [b]any of the FUGAZ can technically buy the CBN [/b]without even denting their liquidity.

Na wa o

Hard truth, albeit technical.
But doesnt potend any danger as long as they remain regulators.
Its the case with lots of US coys.
When I first realised a few years back that Apple Inc. could buy the US "Central Bank" my jaw dropped.

OakPearl:


Hard truth, albeit technical.
But doesnt potend any danger as long as they remain regulators.
Its the case with lots of US coys.
When I first realised a few years back that Apple Inc. could buy the US "Central Bank" my jaw dropped.

Omo! My jaw still dey ground as I read this oo.. Apple inc ? Can buy US central bank? too much money

Princkez:
https://nairametrics.com/2019/06/24/forte-oils-majority-shareholder-to-acquire-fresh-n22-billion-worth-of-shares/

Don't you just love the NSE...I always knew they must close the gap. They cannot buy at N66 from Ote$ and allow the price to remain at N30 below their investment price, that is a loss to them.

This the best time to accumulate FO, below their deal price. They must close the price gap... Another DF

Meanwhile expecting DF deal announcement anytime soon. The trade in recent times say so!

DaV8King:



Plus Nigerian factor of 5%, and you will see the CBN is making sense


IMO, the CBN itself should be recapitalized.

How can you be funding a US$400 billion economy with a capital base of NGN 100 billion?!!

As it stands, any of the FUGAZ can technically buy the CBN without even denting their liquidity.

Na wa o

Lolz

stcool:


Don't you just love the NSE...I always knew they must close the gap. They cannot buy at N66 from Ote$ and allow the price to remain at N30 below their investment price, that is a loss to them.

This the best time to accumulate FO, below their deal price. They must close the price gap... Another DF

Meanwhile expecting DF deal announcement anytime soon. The trade in recent times say so!

On DF, it’s certain the final price is more than 20 naira.. looking at the current price and people still willing to pay high..
Enjoy Stcool..
I don dull myself for this one but it’s all good

Chai, na so we miss FO oh. Double double awoof.

Yayira:


Omo! My jaw still dey ground as I read this oo.. Apple inc ? Can buy US central bank? too much money

My dear, no worry I go epp u pick am up.
I bn need epp too.
The matter weak me.

jideflash:
Chai, na so we miss FO oh. Double double awoof.

I was able to get some tashere units last week for jijo, after one oga discouraged me from buying that the price will go lower. I always knew they would need to close price gap!

I feel bad and it was a perfect jijo

OakPearl:


Hard truth, albeit technical.
But doesnt potend any danger as long as they remain regulators.
Its the case with lots of US coys.
When I first realised a few years back that Apple Inc. could buy the US "Central Bank" my jaw dropped.

US$ 225 billion in cash and liquid assets
US$ 74 billion in SHARE BUYBACKS!


https://www.cnbc.com/2019/04/30/apple-now-has-225-billion-cash-on-hand.html

robobo:


my oga hw for do naaa

wetin u mention / recommend above na him be hunter become the hunted

in short Overtake Don Overtake Overtake (ODOO)

hmmmmmmmmmmm

Na so we see am o........like OakPearl said, so far they remain impartial regulators, we go dey alright las las.

stcool:


I was able to get some tashere units last week for jijo, after one oga discouraged me from buying that the price will go lower. I always knew they would need to close price gap!

I feel bad and it was a perfect jijo

Don't regret yet. Remember MOBIL?

Thank you, Prof. I look at the news as monkey hunting from some guys.

DeRuggedProf:


Don't regret yet. Remember MOBIL?

rebekah2011:
Thank you, Prof. I look at the news as monkey hunting from some guys.

i think buying the remaining 25% wld be applicable if dey intend to delist cos with the 75% dey are already in clear majority

They might even need to sell down some if the remaining 25% is in the hand of strategic bloc in other to maintain regulatory free float

n.b my tot i might be wrong so pple with deeper regulatory insight should shed more light

robobo:


i think buying the remaining 25% wld be applicable if dey intend to delist cos with the 75% dey are already in clear majority

They might even need to sell down some if the remaining 25% is in the hand of strategic bloc in other to maintain regulatory free float

n.b my tot i might be wrong so pple with deeper regulatory insight should shed more light

Investor just bought 75% at N66 and you are talking about sell down.

The only logical thing is they want to acquire the company 100% and delist.

Whichever way they want to see it above their purchase price.

DaV8King:


US$ 225 billion in cash and liquid assets
US$ 74 billion in SHARE BUYBACKS!


https://www.cnbc.com/2019/04/30/apple-now-has-225-billion-cash-on-hand.html

That's the 2018 GDP of some African countries put together!
Isn't it amazing what limitless capabilities is in man?
To just cool down and create a business, not a nation this humongous!
Honestly bro, boys make money, men create wealth.

stcool:


Investor just bought 75% at N66 and you are talking about sell down.

The only logical thing is they want to acquire the company 100% and delist.

Whichever way they want to see it above their purchase price.

my Oga i no dey fight u naaaa

i was only making you to see d whole spectrum

the rule qouted by nairametrics was thus "Section 131 of the Investment and Securities Act, as well as Rule 445 of the Securities and Exchange Commission, requires anybody or any organisation that acquires at least 30% stake in a company to make an MTO to other minority shareholders"

from the above rule then as stated by prof Nipco should have bought out other shareholder because it bought 60% from Mobil but as we all witness Mobil never did any MTO

the reason above is why i stated that the clause might only be applicable if they intend to delist

but as stated earlier those are my opinion pple with better knowledge of the regulation might shed more light on it

CHAI.......

E no easy.....

United Registrar has finally paid me all my outstnding dividends today after months of battle with them...

The united securities registrar protocol is too stressful......

To God be the Glory....

THE LORD JESUS CHRIST ALSO INCLUDED YOU AND ME, WHILE HE WAS PRAYING
FOR HIS DISCIPLES, MORE THAN 2000YRS AGO. HE PRAYED THAT WE WOULD ALL ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/22#79633271

DeRuggedProf:


So you go redeeming the redeemed?

... redeemed into basketmouth ministry