DAILY STOCK MARKET GUIDE FOR 28 JUNE 2019

MSCI Nigeria on 27 continues with selling. One is getting worried with the Fund’s continued selling, for this market to make any meaningful move, buying by the likes of MSCI is essential.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be

dipoolowoo:
Why Shareholders Should Not Sell Their Forte Oil Shares
https://businesspost.ng/2019/06/28/why-shareholders-should-not-sell-their-forte-oil-shares/

We Were Forced Not to Pay Dividend to Shareholders—Jaiz Bank
https://businesspost.ng/2019/06/28/we-were-forced-not-to-pay-dividend-to-shareholders-jaiz-bank/

SEC Threatens to Sanction CMOs Without MDs, Compliance Officers
https://businesspost.ng/2019/06/28/sec-threatens-to-sanction-cmos-without-mds-compliance-officers/

Anxiety as Investors Await Airtel’s Announcement of Share Price, Size
https://businesspost.ng/2019/06/28/anxiety-as-investors-await-airtels-announcement-of-share-price-size/

They have started!
Why the anxiety?
Airtel was listed this morning in London Stock Exchange at 80p.
My bro bought at 69.87p (approx N320) at N460 - 1Pound.
What are they waiting for at NSE
Mcheeeeew!!!

Mcy56:

Lol. Cold or hot weather?

you know now

OakPearl:


They have started!
Why the anxiety?
Airtel was listed this morning in London Stock Exchange at 80p.
My bro bought at 69.87p (approx N320) at N460 - 1Pound.
What are they waiting for at NSE
Mcheeeeew!!!

*****AIRTEL AFRICA PLC – IPO TERMSHEET*****
Pricing Announcement:
- Airtel Africa IPO has priced at 80p per share, implying a c.£3.1bn / c. N1.4trn / c.$3.9bn market cap (post-green shoe)
- The offer also came with a pioneering secondary listing on the Nigeria Stock Exchange with meaningful allocations to Nigerian investors. The Nigerian offering priced at NGN 363.00 per share.
- Final deal size including 10% green shoe of c.£595m / c. N270bn / c.$750m
- Books were oversubscribed with allocations heavily skewed towards long only, pre-IPO and strategic investors
- Top 10 represented c.2/3 of the deal
- The stock will commence trading today, 28 June on the LSE (AAF LN) and on the Nigerian Stock Exchange on 05 July
- Trade Date: Fri 28 June (T); Settlement: Wed 03 July (T+3)

TLAX:


*****AIRTEL AFRICA PLC – IPO TERMSHEET*****
Pricing Announcement:
- Airtel Africa IPO has priced at 80p per share, implying a c.£3.1bn / c. N1.4trn / c.$3.9bn market cap (post-green shoe)
- The offer also came with a pioneering secondary listing on the Nigeria Stock Exchange with meaningful allocations to Nigerian investors. The Nigerian offering priced at NGN 363.00 per share.
- Final deal size including 10% green shoe of c.£595m / c. N270bn / c.$750m
- Books were oversubscribed with allocations heavily skewed towards long only, pre-IPO and strategic investors
- Top 10 represented c.2/3 of the deal
- The stock will commence trading today, 28 June on the LSE (AAF LN) and on the Nigerian Stock Exchange on 05 July
- Trade Date: Fri 28 June (T); Settlement: Wed 03 July (T+3)

Ok.
Thanks.

[quote author=Jejebabaa post=79734867]

Yours is still better, i have been averaging down from around 9 and now i am at 7.70. I need to buy 2M units more at 6.05 and below then i am done with UBA accumulation. If the thing no fit poo make the thing dey vomit annually in Oga Oracle voice till the FPI come carry my kaya.


Think of buying more but been watching it for the past few weeks ..my fear be say make the thing no plung to 5 if Hot money no come this year ..make uba no go take all my Tblizz moni

[quote author=lancee post=79745492][/quote]

For me as long as the dividend yield i get annually is more than Tbills rate. I am good. FYI, i am liquidating my Tbills and MMF for the purchase of UBA.

Jejebabaa:


For me as long as the dividend yield i get annually is more than Tbills rate. I am good. FYI, i am liquidating my Tbills and MMF for the purchase of UBA.

U re right ..uba has my highest allocation ..well as long as money dey flow/div dey come we keep averaging till any price till i get like 50M units

Like 300m to play this mark. I am standing Sir. Two hands raised up for awon Daddy

lancee:




U re right ..uba has my highest allocation ..well as long as money dey flow/div dey come we keep averaging till any price till i get like 50M units

rebekah2011:
Ok. at least 1kobo is dividend.

At all at all na im bad ...

Mcy56:

At all at all na im bad ...

like regal insurance abi?

rebekah2011:
Like 300m to play this mark. I am standing Sir. Two hands raised up for awon Daddy

I get boss sir ..like Oga Rabbi-onifa , 33 beer , jejebab, Sir Emalinson , Agba dey even dipoolowo pupo to mention a few

My sisters mercyhipsylicious and Y ..the French connection

rebekah2011:
Dividend in this bank next year is wishful thinking.

E go do you viammmmm for eye

ndidigood:
like regal insurance abi?

Chai! Why you come remind me of that scam na

In just about an hour to the close of trading, with over 25m offer against 7m bid, UBA has sold a paltry 491k shares.
Signs of something like a swing by GA!

lancee:






I get boss sir ..like Oga Rabbi-onifa , 33 beer , jejebab, Sir Emalinson , Agba dey even dipoolowo pupo to mention a few

My sisters mercyhipsylicious and Y ..the French connection

Me i be servant oo, na you and others be big boss sef. Wetin una want make i quicky go serve you sir?

OakPearl:
In just about an hour to the close of trading, with over 25m offer against 7m bid, UBA has sold a paltry 491k shares.
Signs of something like a swing by GA!

Sir, where did you put your glasses so i can get it for you as i couldn't find it on top of the microwave.

Jejebabaa:
Me i be servant oo, na you and others be big boss sef. Wetin una want make i quicky go serve you sir?

I follow you throway salute to those big bosses o, na dem be real ogas on top. Starting from the one I quoted here....jejebabaaaa

OakPearl:
In just about an hour to the close of trading, with over 25m offer against 7m bid, UBA has sold a paltry 491k shares.
Signs of something like a swing by GA!

My Oga u cld b correct dat a swing cld b in d offing

but what i see is a bait by d buy side (25m) trying to gauge how hard and fast d hand of the sell side (7m) is. if d sell side hand is strong they shld collapse one of the walls (either 6.20 or 6.15). if they cant den d buy side might overan dem (sell side) in d battle of 2.00 -2.20pm

Jejebabaa:

Sir, where did you put your glasses so i can get it for you as i couldn't find it on top of the microwave.

Oga, na slip of brain jor

robobo:


My Oga u cld b correct dat a swing cld b in d offing

but what i see is a bait by d buy side (25m) trying to gauge how hard and fast d hand of the sell side (7m) is. if d sell side hand is strong they shld collapse one of the walls (either 6.20 or 6.15). if they cant den d buy side might overan dem (sell side) in d battle of 2.00 -2.20pm

My Sir,
As you dey talk am, e just begin happen...like its a live football match commentary.
The battle is real

Mcy56:

I follow you throway salute to those big bosses o, na dem be real ogas on top. Starting from the one I quoted here....jejebabaaaa

I hail bossmadam/bosslady. U know say i be ur boi now. Why u con dey whine me. Anyway, owo meji fun eyan kan. I salaute you madam.

Jejebabaa:
I hail bossmadam/bosslady. U know say i be ur boi now. Why u con dey whine me. Anyway, owo meji fun eyan kan. I salaute you madam.

My oga no dey post me jorrrr, we know as e dey go, oyel money. Twale sir! Your girl dey loyal o.

Which day these people go buy this zenith finish self? 17M+ volume today alone and still counting....

Mcy56:
Which day these people go buy this zenith finish self? 17M+ volume today alone and still counting....

Do you mean "finish selling",? becos the price is downwards....

Please does it mean that by july 5, people that bought Airtel shares through SPVs by brokers and HNI that bought direct will start selling and others interested can buy from that day on if it is available like MTN then.

dipoolowoo:
Why Shareholders Should Not Sell Their Forte Oil Shares
https://businesspost.ng/2019/06/28/why-shareholders-should-not-sell-their-forte-oil-shares/

We Were Forced Not to Pay Dividend to Shareholders—Jaiz Bank
https://businesspost.ng/2019/06/28/we-were-forced-not-to-pay-dividend-to-shareholders-jaiz-bank/

SEC Threatens to Sanction CMOs Without MDs, Compliance Officers
https://businesspost.ng/2019/06/28/sec-threatens-to-sanction-cmos-without-mds-compliance-officers/

Anxiety as Investors Await Airtel’s Announcement of Share Price, Size
https://businesspost.ng/2019/06/28/anxiety-as-investors-await-airtels-announcement-of-share-price-size/

yesterday, the talk was about delisting, today they beg us not to offload..................time would tell if they can deliver to shareholders like total.............. even total declared loss first quarter

http://www.nse.com.ng/Financial_NewsDocs/26503_RED_STAR_EXPRESS_PLC_FINANCIAL_STATEMENTS_JUNE_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/26502_RED_STAR_EXPRESS_PLC_CORPORATE_ACTIONS_JUNE_2019.pdf
43 kobo dividend

http://www.nse.com.ng/Financial_NewsDocs/26506_UNIVERSITY_PRESS_PLC._FINANCIAL_STATEMENTS_JUNE_2019.pdf
15kobo dividend. Poor result all round

dipoolowoo:
Why Shareholders Should Not Sell Their Forte Oil Shares
https://businesspost.ng/2019/06/28/why-shareholders-should-not-sell-their-forte-oil-shares/

We Were Forced Not to Pay Dividend to Shareholders—Jaiz Bank
https://businesspost.ng/2019/06/28/we-were-forced-not-to-pay-dividend-to-shareholders-jaiz-bank/

SEC Threatens to Sanction CMOs Without MDs, Compliance Officers
https://businesspost.ng/2019/06/28/sec-threatens-to-sanction-cmos-without-mds-compliance-officers/

Anxiety as Investors Await Airtel’s Announcement of Share Price, Size
https://businesspost.ng/2019/06/28/anxiety-as-investors-await-airtels-announcement-of-share-price-size/

FO fair price is N9
Bargain Hunters take note.

Nigeriaunited60:
Please does it mean that by july 5, people that bought Airtel shares through SPVs by brokers and HNI that bought direct will start selling and others interested can buy from that day on if it is available like MTN then.

Yes sir, in the pure sense, barring any Nigerian factor.