emmanuelewumi:


Are you sure he used the money to buy a Kenyan bank, the Kenyan bank was bought by Access Bank


What if he invested his loot on the current FG bond which opened today and will close on Friday.

N550 million @ a yield of 14% will give him about N38.5 million every 6 months.

I can't claim to be sure as it remains an unending speculation.
With Herbert, everything is possible.
Funny thing is we are unlikely to know when he buys them all back and even more than he sold.

OakPearl:


I can't claim to be sure as it remains an unending speculation.
With Herbert, everything is possible.
Funny thing is we are unlikely to know when he buys them all back and even more than he sold.

When he buys we are expected to know.
We did not know when he bought Diamond at N1.00 because he was not a director of Diamond, but whenever he starts buying Access Bank shares again, he is expected to inform NSE.

Does he really need more shares of Access Bank, when his direct and indirect holdings is still about 1.4 billion shares after he sold 55 million units last week

aremso:


Pls joke apart, which stock is monkey on NSE ?

MONKEY HUNTING

In Zimbabwe, a man appeared and announced to the villagers that he would buy monkeys for $20.00 each. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $20.00, and as supply started to diminish, the villagers reduced their effort.
He further announced that he would now buy at $30.00. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.
The offer increased to $40.00 each and the supply of monkeys became so little that it took so much effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $100.00! However, since he had to go to Jo'burg on some business, his assistant would now buy on his behalf. In the absence of the man, the assistant told the villagers, "Look at all these monkeys in this big cage that the man has collected. I will sell them to you at $80, and when the man returns from the city, you can sell them to him for $100.00 each." The villagers came together with all their savings and bought all the monkeys.
Then they never saw the man or his assistant, only monkeys everywhere!

emmanuelewumi:


When he buys we are expected to know.
We did not know when he bought Diamond at N1.00 because he was not a director of Diamond, but whenever he starts buying Access Bank shares again, he is expected to inform NSE.

Does he really need more shares of Access Bank, when his direct and indirect holdings is still about 1.4 billion shares after he sold 55 million units last week

Oh true, as he is bound to disclose being a director.
As for the paragraph in bold, how low it gets in the future will determine his action.

419 of a man and his assistant.

Anyway there is wisdom in it especially in this market.

kolaish:


MONKEY HUNTING

In Zimbabwe, a man appeared and announced to the villagers that he would buy monkeys for $20.00 each. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $20.00, and as supply started to diminish, the villagers reduced their effort.
He further announced that he would now buy at $30.00. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.
The offer increased to $40.00 each and the supply of monkeys became so little that it took so much effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $100.00! However, since he had to go to Jo'burg on some business, his assistant would now buy on his behalf. In the absence of the man, the assistant told the villagers, "Look at all these monkeys in this big cage that the man has collected. I will sell them to you at $80, and when the man returns from the city, you can sell them to him for $100.00 each." The villagers came together with all their savings and bought all the monkeys.
Then they never saw the man or his assistant, only monkeys everywhere!

Mcy56:

Wapco Promoter. Mpeace wouldnt say anything cos you're helping his ministry as well.
Bids building up at N16.............

WAPCO still dey dull. I go just wait for dividend. The last CEO was very generous with dividends. I hope the new one no go fall hand.

OakPearl:


I can't claim to be sure as it remains an unending speculation.
With Herbert, everything is possible.
Funny thing is we are unlikely to know when he buys them all back and even more than he sold.

is it this bad?

On transnational bank website, it clearly states that their parent is Access Bank group

UCAP's performance this year cannot be stellar. I think that the coy should be able to pay 30k as a dividend for 2019. The current price is already close to 10% yield. New entrants should watch it.

Bomboclad:
I personally would like to see the magic UCAP would do in the short term. People buy it generally for dividend but without some new result (4Q - which i predict would be flat), i dont see any significant upward movement short-term (2 - 3 weeks).

In a saner clime, that move in Diamond Bank should have earned him a sack from the Board. But this is Nigeria and anything goes.
http://www.nse.com.ng/Financial_NewsDocs/28609_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf

emmanuelewumi:


When he buys we are expected to know.
We did not know when he bought Diamond at N1.00 because he was not a director of Diamond, but whenever he starts buying Access Bank shares again, he is expected to inform NSE.

Does he really need more shares of Access Bank, when his direct and indirect holdings is still about 1.4 billion shares after he sold 55 million units last week

Mpeace:
WAPCO still dey dull. I go just wait for dividend. The last CEO was very generous with dividends. I hope the new one no go fall hand.

Moneybags, I mean, friends of The Big Smart Guy are still waiting for good news before rushing in.
I pray they don't disappoint.
Pls when last did Wapco pay dividend and how much?

rebekah2011:
In a saner clime, that move in Diamond Bank should have earned him a sack from the Board. But this is Nigeria and anything goes.
http://www.nse.com.ng/Financial_NewsDocs/28609_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf

83m shares and counting.
Please tell me there isn't more toit than meets the eye!

Mcy56:

Moneybags, I mean, friends of The Big Smart Guy are still waiting for good news before rushing in.
I pray they don't disappoint.
Pls when last did Wapco pay dividend and how much?

2018. #1.50k

bigjay01:


83m shares and counting.
Please tell me there isn't more toit than meets the eye!

I will advise guys to sell there Access Bank shares, I sold half of my holdings last week. I will sell half of the remaining tomorrow.

The effects of Diamond Bank acquisition is affecting Access Bank. The closed period and board meeting was extended because they might be having issues with the auditors.


The timing of the sale by insiders is wrong

nna777:
2018. #1.50k

Oh, that's impressive!
I thought someone mentioned that they didn't pay dividend in 2018 FYE?
If they're paying for 2019 FYE, it means we should expect nothing less that 1.50 then.

emmanuelewumi:



I will advise guys to sell there Access Bank shares, I sold half of my holdings last week. I will sell half of the remaining tomorrow.

The effects of Diamond Bank acquisition is affecting Access Bank. The closed period and board meeting was extended because they might be having issues with the auditors.


The timing of the sale by insiders is wrong

Are you sure this is the right call?

The funds that have entered Access alone in 1 week is in excess of 2 Billion oo. Don't you think that's a pointer to something.

emmanuelewumi:



I will advise guys to sell there Access Bank shares, I sold half of my holdings last week. I will sell half of the remaining tomorrow.

The effects of Diamond Bank acquisition is affecting Access Bank. The closed period and board meeting was extended because they might be having issues with the auditors.


The timing of the sale by insiders is wrong

better safe than sorry

According to Peter Lynch (One up on wall street), management selling shares in companies they manage is a RED FLAG!

Tomorrow, I will sell all but 5k shares.

#SmartLongTerm

Mcy56:

Oh, that's impressive!
I thought someone mentioned that they didn't pay dividend in 2018 FYE?
If they're paying for 2019 FYE, it means we should expect nothing less that 1.50 then.

my thought too

nna777:


Are you sure this is the right call?

The funds that have entered Access alone in 1 week is in excess of 2 Billion oo. Don't you think that's a pointer to something.

It was speculated on another platform sometimes last week that the company might be having issues with the auditors

emmanuelewumi:



I will advise guys to sell there Access Bank shares, I sold half of my holdings last week. I will sell half of the remaining tomorrow.

The effects of Diamond Bank acquisition is affecting Access Bank. The closed period and board meeting was extended because they might be having issues with the auditors.


The timing of the sale by insiders is wrong

Q3 was an eye opener Lol
The 'administrative' expenses just ballooned out to the sky

nna777:


Are you sure this is the right call?

The funds that have entered Access alone in 1 week is in excess of 2 Billion oo. Don't you think that's a pointer to something.

Would those funds still have entered if they knew that the oga at the top was offloading 83m+ shares? (?more sell disclosures coming)

#RandomThoughts
#RandomMusings

Few weeks before Oando declared the record loss after tax of N220 billion about 3 years ago, billions of Naira equally entered the stock.

Wale sold some of his shares before the result was made public, thank God for the closed period introduced by NSE and better disclosure compared to what was obtainable in the past

emmanuelewumi:
Few weeks before Oando declared the record loss after tax of N220 billion about 3 years ago, billions of Naira equally entered the stock.

Wale sold some of his shares before the result was made public, thank God for the closed period introduced by NSE and better disclosure compared to what was obtainable in the past

That must be the only reason they postponed the closed period (to offload).

bigjay01:


better safe than sorry

According to Peter Lynch (One up on wall street), management selling shares in companies they manage is a RED FLAG!

Tomorrow, I will sell all but 5k shares.

#SmartLongTerm

It's good to look at things from as much perspectives as possible.

So my question is Before the PFAs and other institutions bought into Access shares few weeks ago, don't you think they must have done their due diligence before investing?

I don't think we should throw the baby and the water together.

nna777:


It's good to look at things from as much perspectives as possible.

So my question is Before the PFAs and other institutions bought into Access shares few weeks ago, don't you think they must have done their due diligence before investing?

I don't think we should throw the baby and the water together.

No need arguing about anything, take heed or refuse to take heed it is your decision.

nna777:


It's good to look at things from as much perspectives as possible.

So my question is Before the PFAs and other institutions bought into Access shares few weeks ago, don't you think they must have done their due diligence before investing?

I don't think we should throw the baby and the water together.

People who make decisions in PFAs are employees
If person follow them, person fit loss

kolaish:


MONKEY HUNTING

In Zimbabwe, a man appeared and announced to the villagers that he would buy monkeys for $20.00 each. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $20.00, and as supply started to diminish, the villagers reduced their effort.
He further announced that he would now buy at $30.00. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.
The offer increased to $40.00 each and the supply of monkeys became so little that it took so much effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $100.00! However, since he had to go to Jo'burg on some business, his assistant would now buy on his behalf. In the absence of the man, the assistant told the villagers, "Look at all these monkeys in this big cage that the man has collected. I will sell them to you at $80, and when the man returns from the city, you can sell them to him for $100.00 each." The villagers came together with all their savings and bought all the monkeys.
Then they never saw the man or his assistant, only monkeys everywhere!

The monkeys of NSE are being fed well. Check your portfolio...you will see them there. By their color shall you know them.

nna777:


It's good to look at things from as much perspectives as possible.

So my question is Before the PFAs and other institutions bought into Access shares few weeks ago, don't you think they must have done their due diligence before investing?

I don't think we should throw the baby and the water together.

Maybe they should have asked HW if he planned to offload?

My thoughts too. Those guys just carry certificates. CBN will cover up for Access

Agbalowomeri:


People who make decisions in PFAs are employees
If person follow them, person fit loss

emmanuelewumi:


No need arguing about anything, take heed or refuse to take heed it is your decision.

I have only 13k units left. I sold most during the recent bull. I was just trying to understand your perspective not arguing Sir.

I hope this info will not lead to panic sell tomorrow.

Agbalowomeri:

People who make decisions in PFAs are employees If person follow them, person fit loss

Abi. I agree.

nna777:


I have only 13k units left. I sold most during the recent bull. I was just trying to understand your perspective not arguing Sir.

I hope this info will not lead to panic sell tomorrow.

The action of the CEO, which I believe he will continue this week will lead to a serious panic sale next week.

By Friday we will know the volume he must have sold during the week

bigjay01:

Maybe they should have asked HW if he planned to offload?

This your stone. e get as ebi oo