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Nigerian Stock Exchange Market Pick Alerts - Investment (6258) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:22pm On Jan 29
Re: Nigerian Stock Exchange Market Pick Alerts by BrokerHaruna: 2:23pm On Jan 29
BTC, XRP and BTT cryptos are on fire!
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:26pm On Jan 29
BrokerHaruna:
BTC, XRP and BTT cryptos are on fire!
Remove XRP jare that one is digging low na... Abi you know dey current ni?
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:27pm On Jan 29
Mcy56:

All the best.

I edited the Wapco post before someone come for my head..... They won't say we've been shouting and echoing it since when it was at Circa 9 again. grin

Na their way na... They always look for reasons to shout I warmed una grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 2:39pm On Jan 29
ukay2:


How do you think it will benefit UBN shareholders at the end

If they do not offer higher price, then the herd will push it up. Either way it is a speculative punt. 15-20% will do me
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 2:47pm On Jan 29
BrokerHaruna:
BTC, XRP and BTT cryptos are on fire!


DOGE is the money maker for now

Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 2:54pm On Jan 29
bigjay01:


If they do not offer higher price, then the herd will push it up. Either way it is a speculative punt. 15-20% will do me

Ok

Good way.....
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:57pm On Jan 29
bigjay01:


If they do not offer higher price, then the herd will push it up. Either way it is a speculative punt. 15-20% will do me
grin
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 3:28pm On Jan 29
http://www.nse.com.ng/Financial_NewsDocs/32292_FBN_HOLDINGS_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_20.pdf


This Elephant is big for nothing.

Every year Elephant has been cnsistently disappointing me, this year is not an exception even after injection of #25 billion

I will wait for their audited report sha
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 3:39pm On Jan 29
Lasaco to issue bonus of 1 for 4 and trade suspended for two weeks starting from Monday.

Please what is the qualification date for the bonus as it was stated in the letter?

http://www.nse.com.ng/Financial_NewsDocs/32276_LASACO_ASSURANCE_PLC%20NOTICE_OF_SHARE_RECONSTRUCTION_C.pdf
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:47pm On Jan 29
samguru:
http://www.nse.com.ng/Financial_NewsDocs/32292_FBN_HOLDINGS_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_20.pdf


This Elephant is big for nothing.

Every year Elephant has been constantly disappointing me, this year is not an exception even after injection of #25 billion

I will wait for their audited report sha
It is one of my JIJO stock since how many years now grin
Re: Nigerian Stock Exchange Market Pick Alerts by Bbbwings: 3:50pm On Jan 29
Heishere:
Lasaco to issue bonus of 1 for 4 and trade suspended for two weeks starting from Monday.

Please what is the qualification date for the bonus as it was stated in the letter?

http://www.nse.com.ng/Financial_NewsDocs/32276_LASACO_ASSURANCE_PLC%20NOTICE_OF_SHARE_RECONSTRUCTION_C.pdf
Sir is it really bonus
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 3:54pm On Jan 29
Bbbwings:

Sir is it really bonus

We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO"wink, .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na
Re: Nigerian Stock Exchange Market Pick Alerts by Bbbwings: 3:57pm On Jan 29
Heishere:


We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO"wink, .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na
O thanks.
Im in thanks to ogg
I hope i qualify
Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 4:06pm On Jan 29
ukay2:


Ok Ma...

We are still in the bus since

Km 30 loading small small

At KM35, I go share grace for the house. wink
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 4:24pm On Jan 29
longlife20:
Doing some research on Lasaco, i saw this (LASACO Assurance to cancel 5.5b shares). could this be responsible for the upward movement in Lasaco.
https://thenationonlineng.net/lasaco-assurance-to-cancel-5-5b-shares/
@Mcy56, do you have any info on Lasaco.

yMcy56:
Lasaco only planned reconstruction of shares into ratio 1:4.....
E.G. 40,000units will become 10,000units after reconstruction........i.e. 40000÷4 =10,000.

Lasaco needs to come up with clear plan on pre and post reconstruction in my opinion.

I however think buying at 30/32kobo or below is still okay. This is just my opinion, there may be pecks attached to the reconstruction but which we're yet to know......let them come out in clear terms.
**This is an update to my previous post on Lasaco**
Bbbwings:

Sir is it really bonus
See posts on Lasaco in Dec 2020.
It's share reconstruction and not bonus.

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Llizyy(f): 4:24pm On Jan 29
Shares reconstruction

We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO"wink, .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na[/quote
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 4:28pm On Jan 29
yMcy56:
The other handle was banned when I tried to reply @chibuking81

Did some findings too and got to know that Lasaco would be doing share reconstruction of one for every 4 held. No info on this in NSE corporate disclosure.

Unlike Mansard who gave bonus to take care of the reconstruction plan, there's no info on bonus issue or whatever on the part of Lasaco.
If Lasaco should get to 40kobo pre-reconstruction for instance, the post reconstruction price will be 4*40kobo = N1.60.

My concern is: How Mr. Market will handle this kind of price for insurance coy post reconstruction. Think there's need for caution here.
See other explanation, same Dec.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Bbbwings: 4:28pm On Jan 29
yMcy56:




See posts on Lasaco in Dec 2020.
It's share reconstruction and not bonus.
Thanks
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 4:30pm On Jan 29
Heishere:
Lasaco to issue bonus of 1 for 4 and trade suspended for two weeks starting from Monday.

Please what is the qualification date for the bonus as it was stated in the letter?

http://www.nse.com.ng/Financial_NewsDocs/32276_LASACO_ASSURANCE_PLC%20NOTICE_OF_SHARE_RECONSTRUCTION_C.pdf

bonus? you must have read it upside down

It was for share reconstruction which was always in the works anyway

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 4:36pm On Jan 29
Heishere:


We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO"wink, .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na


See what our NSEMPA baby is calling bonus grin grin grin

Anyway it is share reconstruction and not bonus.
That is if you have 1,000 units of LASACO after reconstruction your units will reduce to 250 units and the share price will be multiplied by 4.
Thank you

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 4:38pm On Jan 29
Bbbwings:
Thanks
You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.42kobo
Post reconstruction price = 0.42 X 4 = 1.68kobo. *Modified*

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by ggoldmine(f): 5:09pm On Jan 29
Please, I'd like to understand why Nigerian companies prefer to dilute shares in the name of issuing bonus, instead of executing share buyback? How is one better than the other?

Llizyy:
Shares
reconstruction

We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO"wink, .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na[/quote
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:31pm On Jan 29
yMcy56:

You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.40kobo
Post reconstruction price = 0.40 X 4 = 1.60kobo

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.
If they give bonus after reconstruction, what is the need of reconstruction?
Anyway in Nigeria many things goes anticlockwise. Always manipulative avenue to achieve their goal.

Unity bank reconstructed I think up to ten units of share to one, and today where are they, back to base.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 5:47pm On Jan 29
Lasaco wants to raise capital. The share price will likely go upwards. Rights and Public offers and private placement loading.
Chibuking81:

If they give bonus after reconstruction, what is the need of reconstruction?
Anyway in Nigeria many things goes anticlockwise. Always manipulative avenue to achieve their goal.

Unity bank reconstructed I think up to ten units of share to one, and today where are they, back to base.
Re: Nigerian Stock Exchange Market Pick Alerts by SA44LA44(m): 6:01pm On Jan 29
please guys what CSCS settlement. Got a credit alert to my bank account.
Re: Nigerian Stock Exchange Market Pick Alerts by ololufemi: 6:15pm On Jan 29
grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by ololufemi: 6:18pm On Jan 29
BrokerHaruna:
BTC, XRP and BTT cryptos are on fire!



With what happened on Wall Street yesterday via Robinhood, etc, the era of cryptos may be getting more attention.

Can that surprising activity ever happen on the floor of the NSE?
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 6:49pm On Jan 29
9free:


At KM35, I go share grace for the house. wink

Not likely to reach km35
Re: Nigerian Stock Exchange Market Pick Alerts by parisbookaddict(f): 6:52pm On Jan 29
megawealth01:
Wait for a correction on blue chips... It will definitely happen

when do you think this price correction will happen
Re: Nigerian Stock Exchange Market Pick Alerts by Analyst01(m): 7:18pm On Jan 29
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 7:27pm On Jan 29
Nem Insurance almost doubled their profit for the year. Nice growth.

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