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Re: Nigerian Stock Exchange Market Pick Alerts by SlahJoe(m): 12:13pm On Nov 30, 2021 |
phemmie06:Thanks for the informative post, one question sir/ma, how do someone sells those shares not reflecting on the stock broker account but is on the cscs account |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:22pm On Nov 30, 2021 |
SlahJoe: You can sell. Just send a sale mandate to your Stockbroker 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 12:32pm On Nov 30, 2021 |
emmanuelewumi: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 2:38pm On Nov 30, 2021 |
emmanuelewumi: In addition to @emmanuelewumi post, please note: Your trading platform from your stockbroker is basically for trading stocks. What is reflected there is your purchases and sales. The content of your holdings in the broker's platform is not an official statement in the capital market. The only document officially recognized to show your shareholding status is your cscs statement which you can get by request from your stockbroker or by subscribing annually to cscs plc. Bonuses are not reflected on your trading platform and crediting of bonus shares into your cscs account is done by the registrars through cscs plc. Your stockbroker is only giving you a platform to access the trading floor of the exchange. They don't credit shares, all shares are domicile with cscs plc. Whatever quantity of shares you have on your cscs can be sold on the platform or by mandate as already stated above even if it's not reflecting on your stock trading platform. 8 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by klas(m): 3:42pm On Nov 30, 2021 |
MTN retail offer price is N169 Offer opens 1st December, closes 14th December Minimum subscription is 20 shares and additional in multiples of 20. There will be a bonus of 1 share for every 20 purchased, subject to maximum of 250 bonus shares provided you retain your purchased shares for one full year before selling. 2 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 4:10pm On Nov 30, 2021 |
klas: |
Re: Nigerian Stock Exchange Market Pick Alerts by Wapgod(m): 4:41pm On Nov 30, 2021 |
klas: Thank you @klas for this information. How can i take up this retail offer? |
Re: Nigerian Stock Exchange Market Pick Alerts by Wapgod(m): 4:44pm On Nov 30, 2021 |
I have a long term problem with First Registrars. All channels of communications to First Registrars don't reply. All emails I have sent to them don't reply. All their phone number don't go through or leave me taking to an autoresponder when rarely it goes through. Abeg how can I contact First Registrar and get a reply without visiting their office physically? |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 4:55pm On Nov 30, 2021 |
Wapgod: tolu.medaiyedu@firstregistrarsnigeria.com oluwatoyin.olukanmi@firstregistrarsnigeria.com info@firstregistrarsnigeria.com I communicated with the above emails about a month ago and got responses. 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 5:01pm On Nov 30, 2021 |
klas: Nothing special. @ bolded is Just saying that your cost of buy the MTN for N169 will be reduced to N160.5 per share if you hold the shares till at least one year before selling. Oga's in the house, is the M IPO worth it? Though it closed @ 190 probably to make the IPO attractive to intended subscribers. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 5:03pm On Nov 30, 2021 |
Wapgod: Get across to your stockbroker complete the form make sure you indicate your cscs number and CHN on the form and credit their account with the amount you wish to invest following the subscription instruction. You can also go to your bank and do same. However, this will depend on the bank and the branch of the bank because some banks may not bother to participate or some branches of the bank may not be aware of the exercise. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by thesilentone(m): 5:12pm On Nov 30, 2021 |
freeman67: IPO - It's Probably Overpriced 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 5:13pm On Nov 30, 2021 |
freeman67: How will it be reduced? |
Re: Nigerian Stock Exchange Market Pick Alerts by Wapgod(m): 5:17pm On Nov 30, 2021 |
thesilentone:Is this (MTN retail and institution offers) an IPO? I was led to believe that this is simply the majority shareholder selling some of their equity in MTN Nigeria to interested parties. |
Re: Nigerian Stock Exchange Market Pick Alerts by thesilentone(m): 5:23pm On Nov 30, 2021 |
Wapgod: https://www.reuters.com/business/media-telecom/safricas-mtn-plans-offload-shares-nigeria-business-via-public-offer-2021-11-04/ This might help 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 5:37pm On Nov 30, 2021 |
Wapgod: IPO means Initial Public Offer. When a private company or a company already listed by introduction like MTN Nigeria on the floor of the exchange is selling its shares to the public- institutional/retail for the first time it's called an IPO. However, the final destination of proceeds from the offer now gives a category of the IPO as offer for sale or offer for subscription. In the first type which MTN is doing, ie offer for sale the proceeds from the offer goes to MTN Group and they are not bound by law to use it for MTN Nigeria, they are free to use the proceeds for other endeavors. While the second ie offer for subscription the proceeds is plough back into the company as indicated on the offer document. However for both, the majority shareholder - MTN Group in this case is reducing its shareholdings in MTN Nigeria (the company) and making more shares available to the public (Institution/retail) 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 6:04pm On Nov 30, 2021 |
OBAGADAFFI: The one share bonus for every 20 bought that you will be entitled to after one year is N169... Divide by 20 and reduce what you get from every 20 you but at this particular offer... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by klas(m): 6:32pm On Nov 30, 2021 |
freeman67: Mind you, the bonus is limited to the first 5,000 shares, beyond that, no bonus. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 6:44pm On Nov 30, 2021 |
This means if one buys more than 5000 shares the accruing bonus shares will be limited tp only 250. What is the reasoning behind this limit ?. It should just simply be 1 for 20 no matter what quantity is bought. klas: |
Re: Nigerian Stock Exchange Market Pick Alerts by Oakbranch: 11:25pm On Nov 30, 2021 |
emmasoft: |
Re: Nigerian Stock Exchange Market Pick Alerts by moneymanager: 1:59am On Dec 01, 2021 |
Nairametrics - Playing the waiting game with GTCO https://www.google.com/amp/s/nairametrics.com/2021/11/30/playing-the-waiting-game-with-gtco/%3famp=1 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:26am On Dec 01, 2021 |
Once Brent bottoms (around $30 to $50 range), it needs to sell for as high as $220 sometime in the near future. I pray Nigeria can manage the proceeds then. And the world will groan under the weight of inflation, higher fuel cost, global disturbances and too much inequality. Okey and Okoli will start making noise yet again. High oil price will be a lifeline to Okey and Okoli. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:30am On Dec 01, 2021 |
"And those who were seen dancing were thought to be insane by those who could not hear the music " ~ Friedrich Nietzsche 8 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by medinho: 7:06am On Dec 01, 2021 |
klas: Please how do I go about purchasing the shares. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 8:02am On Dec 01, 2021 |
onegentleguy: I just published an article with the title: MTN NIGERIA: "THE ANATOMY OF A PUBLIC OFFER" ...Dissecting the recent PO (public offer) proposal by MTN Nigeria; everything from interpreting the Nos to looking in on the recent financials with a view to seeking VALUE! It's published on booksie, the U.K blog medium and the personal finance section of some select national dailies. You may wish to read through by using the link below; https://www.booksie.com/663437-mtn-nigeria-the-anatomy-of-a-public-offer Regards 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:20am On Dec 01, 2021 |
RabbiDoracle: Is this Prophet Utochia we have been waiting for? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by klas(m): 8:21am On Dec 01, 2021 |
medinho: Either 1. Liaise with your stockbroker and fill a commitment form for the number of shares you want. Or 2. Fill in the required information to buy on the special mtn offer portal. Google for it |
Re: Nigerian Stock Exchange Market Pick Alerts by Toluway: 8:45am On Dec 01, 2021 |
onegentleguy:In view of the above, can we permutate on which company shares are likely to be cheaper than MTN's right now? Thanks in advance for your contributions. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 8:52am On Dec 01, 2021 |
Good morning fine people! Thank God for yet another new month. Here's raising a glass to a fruitful and fulfilling December as we wrap up the final stages of 2021! May Devine grace, guidance and all-touching blessing continue to be with us, our loved ones and everything we hold dear! Cheers 9 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 10:05am On Dec 01, 2021 |
Me and my household will wait for MTN at N120 junction... Eku market o 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mumu9gerian: 10:15am On Dec 01, 2021 |
Please what exactly is the difference between UPDC and UPDCREIT? |
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