Born 2be Rich:

thank you my oga

Toluway: The order I gave to meristem in respect of May&Baker was not executed yesterday for reasons they failed to explain. This may be a devine intervention anyway.

This is because I have just discovered that apart from the fact that the the company has been in debt, it is at present looking for more debt to aggravate it's condition of indebtedness.

There is no gainsaying the fact that it is an age-long brand with long lasting production of indispensable medical goods. It has not been running at a lose like Neimeth Pharmaceuticals. It's profit after tax even improved over 2012. You also have the opportunity to buy low at #2.43 but this indebtedness and propensity to borrow more has put me in a state of dilemma. Friends ?

Toluway: Looking at the daily chart reveals to me that Skye Bank might want to reverse at #4.75. I might be incorrect though.

Right or no right issue, I think Transcorps at #1.23 was a good price as at yesterday. It seems to be at its support level. I am still summoning the courage to enter. Pls help!

jposuagwu: I see Okomu selling above N100 by March 2014 and Presco selling above N80 by same period, if Govt follows through to what they have determined to do to protect local Crude Palm Producers. Business will boom for them.

Toluway: The order I gave to meristem in respect of May&Baker was not executed yesterday for reasons they failed to explain. This may be a devine intervention anyway.

This is because I have just discovered that apart from the fact that the the company has been in debt, it is at present looking for more debt to aggravate it's condition of indebtedness.

There is no gainsaying the fact that it is an age-long brand with long lasting production of indispensable medical goods. It has not been running at a lose like Neimeth Pharmaceuticals. It's profit after tax even improved over 2012. You also have the opportunity to buy low at #2.43 but this indebtedness and propensity to borrow more has put me in a state of dilemma. Friends ?

Toluway: The order I gave to meristem in respect of May&Baker was not executed yesterday for reasons they failed to explain. This may be a devine intervention anyway.

This is because I have just discovered that apart from the fact that the the company has been in debt, it is at present looking for more debt to aggravate it's condition of indebtedness.

There is no gainsaying the fact that it is an age-long brand with long lasting production of indispensable medical goods. It has not been running at a lose like Neimeth Pharmaceuticals. It's profit after tax even improved over 2012. You also have the opportunity to buy low at #2.43 but this indebtedness and propensity to borrow more has put me in a state of dilemma. Friends ?

Toluway: The order I gave to meristem in respect of May&Baker was not executed yesterday for reasons they failed to explain. This may be a devine intervention anyway.

This is because I have just discovered that apart from the fact that the the company has been in debt, it is at present looking for more debt to aggravate it's condition of indebtedness.

There is no gainsaying the fact that it is an age-long brand with long lasting production of indispensable medical goods. It has not been running at a lose like Neimeth Pharmaceuticals. It's profit after tax even improved over 2012. You also have the opportunity to buy low at #2.43 but this indebtedness and propensity to borrow more has put me in a state of dilemma. Friends ?

Toluway: Thank you bigx. I heard something about the right issue recently on this forum, but i didnt know there is already a price tag with it. Very good at that price. Please what is the date of coomencement of the right issue ?. Talking about Transcorps.

AS regards Meritrade, I used 'market price'

Toluway: I just remember i cant benefit from Transcorps Right Issue because i have no shares there. Please Leaders, now that i want to buy its stocks, how can i benefit from the intending leveraged price of #1. Must i buy at the market price? When will the Right Issue commence? Kindly enlighten me.

Toluway: Thanks Bigx. In that case, will the market price get down to that $1 because of the price for the Right Issue? What advice do you have for somebody like me who now wants to buy at market price.Excuse my mediocrity.

Elai147:

You cannot buy from the Right Issue since you don't have any Transcorp shares in your portfolio. Your best bet is to buy at a good market price before the uptrend starts. Usually, stock prices are expected to go up after Right Issue but certainly not in all cases. For me, I can't benefit from the Roght Issue but I am waiting with great care for the price to go down more. Who knows, we may eventually buy @N1.00 which is the same as the Right Issue.

jposuagwu: [url][/url]http://www.thisdaylive.com/articles/fg-confirms-massive-dumping-of-crude-palm-oil-on-nigeria/149225/[url]

Good News for Okomu and Presco.

Toluway: Thank you bigx. I heard something about the right issue recently on this forum, but i didnt know there is already a price tag with it. Very good at that price. Please what is the date of coomencement of the right issue ?. Talking about Transcorps.

AS regards Meritrade, I used 'market price'

Elai147:

The Right Issue was extended and I think it was because they failed to realise the expected N13 billion proceeds. Anybody wanting to buy fresh Transcorp shares should wait until after friday 07 June, which is the extension date of the Right Issue to see if it will be successful. I wonder why the Right Issue was not successful the first time- apparently because they got lesser shareholder participation. Oando needed N54.6 billion in Right Issue and they got N62 billion indicating an oversubscription of N8 billion. Transcorp diversification is getting too much ooo. I wonder when investors will start benefiting from their investment on this coy since most parts of their earnings are used to acquire one thing or the other. Why can't they just settle in one place and allow investors to enjoy their investment? Very soon we will hear that transcorp has acquired a bank and name it "Transcorp Bank". Lmao.. anyway, I am waiting for transcorp @N1.00, Right Issue or no Right Issue. Because even after Right Issue what is the assurance that the downtrend will not continue till it gets to N1.00. Abeg Transcorp shareholders make una no vex, I just wan enter @ awuuf price.

bigx:

Oando Rights Issue was oversubscribed by the Owners of Oando, it was an outright failure.

saibuhari: jposuagwu: [url][/url]http://www.thisdaylive.com/articles/fg-confirms-massive-dumping-of-crude-palm-oil-on-nigeria/149225/[url]

Good News for Okomu and Presco.


Very good. Stakeholders have already protested against reduction of tariff from 35 per cent. Let's hope the government will listen because I still have my eyes on that sector.

My brother this is not about protest by Stakeholder. This is coming from the govt directly. The minister of Agriculture is the one speaking. I believe him because he sounds very serious. Fo them to have done that extensive research across the ECOWAS subregion, it means govt is not kidding.

Elai147:

That is very possible.

bigx:

Oando Rights Issue was oversubscribed by the Owners of Oando, it was an outright failure.

Elai147:

The Right Issue was extended and I think it was because they failed to realise the expected N13 billion proceeds. Anybody wanting to buy fresh Transcorp shares should wait until after friday 07 June, which is the extension date of the Right Issue to see if it will be successful. I wonder why the Right Issue was not successful the first time- apparently because they got lesser shareholder participation. Oando needed N54.6 billion in Right Issue and they got N62 billion indicating an oversubscription of N8 billion. Transcorp diversification is getting too much ooo. I wonder when investors will start benefiting from their investment on this coy since most parts of their earnings are used to acquire one thing or the other. Why can't they just settle in one place and allow investors to enjoy their investment? Very soon we will hear that transcorp has acquired a bank and name it "Transcorp Bank". Lmao.. anyway, I am waiting for transcorp @N1.00, Right Issue or no Right Issue. Because even after Right Issue what is the assurance that the downtrend will not continue till it gets to N1.00. Abeg Transcorp shareholders make una no vex, I just wan enter @ awuuf price.

Elai147:

The Right Issue was extended and I think it was because they failed to realise the expected N13 billion proceeds. Anybody wanting to buy fresh Transcorp shares should wait until after friday 07 June, which is the extension date of the Right Issue to see if it will be successful. I wonder why the Right Issue was not successful the first time- apparently because they got lesser shareholder participation. Oando needed N54.6 billion in Right Issue and they got N62 billion indicating an oversubscription of N8 billion. Transcorp diversification is getting too much ooo. I wonder when investors will start benefiting from their investment on this coy since most parts of their earnings are used to acquire one thing or the other. Why can't they just settle in one place and allow investors to enjoy their investment? Very soon we will hear that transcorp has acquired a bank and name it "Transcorp Bank". Lmao.. anyway, I am waiting for transcorp @N1.00, Right Issue or no Right Issue. Because even after Right Issue what is the assurance that the downtrend will not continue till it gets to N1.00. Abeg Transcorp shareholders make una no vex, I just wan enter @ awuuf price.

Born 2be Rich: I believe the insurance coys will be warming up with their result very soon.

They have taken so long and we are already entering into the second quarter of the year..

This is bad from the NSE regulators