Bbbwings:
majority shareholder in caverton has been offloading for two weeks now
about 7 million units

i beg who get news

Flash360:
Selling a very insignificant portion of the holding, to meet sec/nse free float requirements. Nothing to worry about, the owning family are too invested in the business to sell off especially this cheap.

samguru:
All the family members of FTN Cocoa Processor PLC

Below is the link to the details of the emergency family meeting held yesterday

https://doclib.ngxgroup.com/Financial_NewsDocs/33978_FTN_COCOA_PROCESSORS_PLC%20EGM_RESOLUTION_CORPORATE_ACTI.pdf

Flash360:
Selling a very insignificant portion of the holding, to meet sec/nse free float requirements. Nothing to worry about, the owning family are too invested in the business to sell off especially this cheap.

Flash360:
Who fit borrow me 30million wey dem no need urgently, make I use am load something for market for 1 month, payable with 10% interest. use me as the collateral.

Flash360:
Who fit borrow me 30million wey dem no need urgently, make I use am load something for market for 1 month, payable with 10% interest. use me as the collateral.

Flash360:
Who fit borrow me 30million wey dem no need urgently, make I use am load something for market for 1 month, payable with 10% interest. use me as the collateral.

Seunn11:


You think you are valuable? What is your value if you have to use yourself as collateral to borrow 30m?

megawealth01:
Hush...

Abbasmh:
FTN COCOA on its way to full bid.

ojeysky:


That stock go shock many..... Ups and down we go ride this

Flash360:
Do you know the cost of donor organs. One kidney go clear the debt. Lol.

Anyways, just kidding o.

But on a serious note, I wonder if morgan capital offers margin lending. I know meristem offers it, last year they inform me about it, was interested but their interest and charges was quite high. Should have taken it though, when zenith was 10naira. I for don hammer

I

Flash360:
Who fit borrow me 30million wey dem no need urgently, make I use am load something for market for 1 month, payable with 10% interest. use me as the collateral.

Raider76:


Ask that guy who bought 45m shares of Flour mill today.

emmanuelewumi:



Avoid margin loans ooooo, e get why. Get loans that your cash flow can easily liquidate

Flash360:
Who fit borrow me 30million wey dem no need urgently, make I use am load something for market for 1 month, payable with 10% interest. use me as the collateral.

ojeysky:


What's that thing you want to load o

jayifeanyi1234:
Good evening Mr Emmanuel. Can you please tell me why? Will appreciate it Sir.
Thanks

Avoid margin loans ooooo, e get why. Get loans that your cash flow can easily liquidate

OBAGADAFFI:


I think the last KYC, was supposed to harmonize shareholders information between the Registrar, Brokers and CSCS.

locodemy:


Universal insurance(kaya)

emmanuelewumi:



With a margin loan, you don't have the cash flow to pay the loan. You are only praying for the share to appreciate, so that you can use the proceeds to pay back the loan.

You are expected to have the required margin cover, if your position is below the margin cover the financier can sell to shares at a loss to recover his fund or you push more funds into the account in order to have the required margin cover

A margin loan can wipe you off in minutes

jayifeanyi1234:
Wow!!! What an exposition. Thank you so much Sir. This is well appreciated.

My broker is making me an offer... I go jump am pass.

otokx:
Why do they struggle despite the fees we pay and interest on utilized cash in their hands?

nairavsdollars:
Transcorp's deal should be announced today or Monday

Flash360:
Better deal lying in plain sight. Not universal now

Raider76:


Exellent question. It will be really interesting to know how they will mark down the price. May be they will set it at 20kobo, which seems to be the floor price for stocks. But remember it really doesn't matter for the shareholders. The price can go to zero. They have been paid.