Biafran4life:
when did witchcraft close shop.My account is still with them.I have been planning to move it

It's so unfortunate that Cashcraft eventually closed shop..........if that's true.
Think we discussed about it in this forum and the handwriting was clearly shown on the wall.
Think your post even made the discussion to come up then..........
It's well.

Bovis:
Conoil gained almost 10% today, any idea of what triggered the movement?

The move was long overdue.....
It has been trading intra day higher than the previous value BUT no 100k block to move the price....
Respite eventually came it's way........that was why you can see it gained +10% that day.

Movt up or down of this type of stock used to take time.........I mean, officially.

yMcy56:

It's so unfortunate that Cashcraft eventually closed shop..........if that's true.
Think we discussed about it in this forum and the handwriting was clearly shown on the wall.
Think your post even made the discussion to come up then..........
It's well.

Institutions/organizations are just like a building if anything goes wrong with the foundation or any fundamental part of the structure it will collapse. Remember the likes of BGL.

FBNH

473m shares crossed today. Has this got to do with Honeywell also?

Flash360:
some people wey leave here, come enter crypto. they must be in severe pain, kindly reach out if you know any

We are doing fine. We don't buy at ATH just as we do in NSE. Besides the ongoing Naira devaluation is cushioning the effect.

yMcy56:


E be like say Access is not waiting for you o.
@8.95 now.........
Never to say never anyway....

ZENITH: Up with 0.60k.......
GT: Up.......ranging btw +0.30k and +0.45k.....

It's weekend gra gra. Some people need money for weekend. We see how next week goes.

Flash360:
some people wey leave here, come enter crypto. they must be in severe pain, kindly reach out if you know any

Are you kidding me . The only people who are hurt are those who entered the market this month.

Heishere:


We are doing fine. We don't buy at ATH just as we do in NSE. Besides the ongoing Naira devaluation is cushioning the effect.

Buying usdt and busd alone they give joy

https://doclib.ngxgroup.com/Financial_NewsDocs/34132_ACCESS_BANK_PLC%20ACCESS_BANK_PLC_ANNOUNCES_ADDITIONAL_.pdf

Access raising another Eurobond to add to the one they issued earlier this month.

Please does anyone know what these banks raising Eurobonds are using it for ? So that one can understand potential future risks (or possible gains) to those in the Access boat.

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/34132_ACCESS_BANK_PLC%20ACCESS_BANK_PLC_ANNOUNCES_ADDITIONAL_.pdf

Access raising another Eurobond to add to the one they issued earlier this month.

Please does anyone know what these banks raising Eurobonds are using it for ? So that one can understand potential future risks (or possible gains) to those in the Access boat.

I am suspecting Union bank purchase. Recall the major investor in Union bank had expressed an interest to divest, and Access bank happened to be one of those thought to have made an interest in taking over Union bank. Zenith bank was also named.
In any case, its normal and common for companies including banks to takeup and repay Eurobonds although they do often name their reason for such. Access did not name what they intend doing with theirs.

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/34132_ACCESS_BANK_PLC%20ACCESS_BANK_PLC_ANNOUNCES_ADDITIONAL_.pdf

Access raising another Eurobond to add to the one they issued earlier this month.

Please does anyone know what these banks raising Eurobonds are using it for ? So that one can understand potential future risks (or possible gains) to those in the Access boat.

AccessBank taking more risks than needed

Is Union Bank not the elephant bank that start in 190x? That bank is one of our national heritage, how can one baby bank like access swallow a supposedly big bank like Union, na wa someone should salvage the bank abeg.

Mpeace:
I am suspecting Union bank purchase. Recall the major investor in Union bank had expressed an interest to divest, and Access bank happened to be one of those thought to have made an interest in taking over Union bank. Zenith bank was also named.
In any case, its normal and common for companies including banks to takeup and repay Eurobonds although they do often name their reason for such. Access did not name what they intend doing with theirs.

Mpeace:
I am suspecting Union bank purchase. Recall the major investor in Union bank had expressed an interest to divest, and Access bank happened to be one of those thought to have made an interest in taking over Union bank. Zenith bank was also named.
In any case, its normal and common for companies including banks to takeup and repay Eurobonds although they do often name their reason for such. Access did not name what they intend doing with theirs.

They should not need dollars to buy Union bank. Cannot see how they will get future dollar cashflow through such purchase in dollars to payback the Eurobond in dollars. But won't be surprised if a calculated risk is being taking for such purchase. GT has not paid GDR dividends. There are currency risk issues if business cashflow is not sufficient in the expected currency of a transaction.

megawealth01:
AccessBank taking more risks than needed

I think they are. And those in the boat need to understand the risk.

ojesymsym:
Is Union Bank not the elephant bank that start in 190x? That bank is one of our national heritage, how can one baby bank like access swallow a supposedly big bank like Union, na wa someone should salvage the bank abeg.

Lol. Union has long lost its glory. No past glory to live on. The major investor wants to sell.
https://www.google.com/amp/s/nairametrics.com/2021/05/06/zenith-access-others-move-to-acquire-union-bank-other-african-assets-of-atlas-mara/%3famp=1

https://www.premiumtimesng.com/news/more-news/438293-union-banks-principal-owner-considering-sale-of-50-stake.html

This week on Value Nigeria Podcast, we undertake an overview of how to analyse the financial statement of banks and the key numbers to look out for.

Thanks for listening...

https://anchor.fm/value-nigeria/episodes/29--Fidelity-Bank-Analysis-Part-1-Understanding-the-financial-statement-of-a-bank-e17tm7b

Can someone advise me on How to sell my zenith shares ... I really don't know anything about it neither do I have any knowledge of stockbroker

Then how did you get the zenith bank shares? You stole them?

Dollarwoman:
Then how did you get the zenith bank shares? You stole them?

I guess he bought through the public offer

bizza45:
Can someone advise me on How to sell my zenith shares ... I really don't know anything about it neither do I have any knowledge of stockbroker

Kindly reach out to us at Meristem Stockbrokers ltd, and open a stockbroking account with us 08058925928

BRENT sighted @ $79
Should we expect $100 by year end

BARGAIN HUBTERS TAKE NOTE!

PETERiCHY:
BRENT sighted @ $79
Should we expect $100 by year end

BARGAIN HUBTERS TAKE NOTE!

Your stock market is not responding to any news.

Inflation on the highness yet market which is suppose to be up in order to beat inflation is down.

You want us to be happy that crude oil is nearing $80 when it is of no value to us.

Only upstream oil companies will gain from this. The country as a whole will still suffer as long as we still import 100% of petroleum products consumed.

PETERiCHY:
BRENT sighted @ $79
Should we expect $100 by year end

BARGAIN HUBTERS TAKE NOTE!

This time around nobody will beg the market to go up.The economy is messed up.Exchange rates, interest rates and inflation.

The only hope for equity investors is for the market to move up and this time nobody will beg for it.

Axa Manzard back to trading

ZikkyChops:
Axa Mansard back to trading

Mr. Market is dealing with Mansard.

Dangers of reconstruction.

OBAGADAFFI:


Mr. Market is dealing with Mansard.

Dangers of reconstruction.

It will try to resist falling.
If there will be willing sellers, the price will go down.
If no willing sellers, the stock will remain illiquid for a while because buyers are not ready to buy at this current price.
Earning season is fast approaching.We will soon know the right price for Mansard.

If the price continues to fall, I will like to gamble here for 10-20% as usual.

locodemy:


It will try to resist falling.
If there will be willing sellers, the price will go down.
If no willing sellers, the stock will remain illiquid for a while because buyers are not ready to buy at this current price.
Earning season is fast approaching.We will soon know the right price for Mansard.

If the price continues to fall, I will like to gamble here for 10-20% as usual.

Well, let's see how it goes.

I noticed the opening price is N3.32,

GUINNESS
Guinness is back with dividend payment!
This is a positive development......

Dividend: 0.46k
Qualification Date: 28th Sept. 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/34134_GUINNESS_NIG_PLC%20CORPORATE_ACTION_ANNOUNCEMENT_ON_DIVI.pdf

nna777:
It's weekend gra gra. Some people need money for weekend. We see how next week goes.

Access still appreciated with 0.25k today.......to close @9.20.......
What do we call this one? Beginning of working week gra gra? Lol.
Access doesn't belong to the below 10 League.......this has been said before......Mr.Market will take care of it at it's appropriate time.
E Ku market o.

emmasoft:
Institutions/organizations are just like a building if anything goes wrong with the foundation or any fundamental part of the structure it will collapse. Remember the likes of BGL.

I think Cashcraft was so complacent with old fashion way of doing things that they failed to move with time and trend when others were busy switching over and embracing new technologies.

The owner is an industrious and very hardworking man. Guess he was surrounded by vision less guys who couldn't advice him right.
I feel for the man.

ojeysky:
Anyone know when mansard is going to complete their reconstruction?......seem to be taking too long. I remember it took GTCO just about 2 or 3 trading days

Mansard is back post-reconstruction!
Opened with 3.32 in today's market (0.83 x 4)
Lost 10% to close @2.99
MM may likely come to this one's rescue at certain point along the steepy lane to stabilize the price.