AIRTEL
Officially overtake Nestle in terms of pricing on the exchange.....
AIRTEL: N1,470
NESTLE: N1,401

SEPLAT
1. AGM Outcome.........
https://doclib.ngxgroup.com/Financial_NewsDocs/36051_SEPLAT_ENERGY_PLC%20CORPORATE_ANNOUNCEMENT_ON_THE_RESULT.pdf

2. Update on MOBIL Producing Acquisition.....
https://doclib.ngxgroup.com/Financial_NewsDocs/36052_SEPLAT_ENERGY_PLC%20CORPORATE_ANNOUNCEMENT_ON_AN_UPDATE_.pdf

Abeg elders, abeg what is Presco earnings saying? With my inexperienced eyes I see it screaming buy buy buy.

And the declared dividend is massive

Ades1:
Abeg elders, abeg what is Presco earnings saying? With my inexperienced eyes I see it screaming buy buy buy.

And the declared dividend is massive

There is something i find interesting going on on the floor of the market.

You GTCO 13million offers at 23.80 and 42k bids at 23.75.

Logic says that the bids at N23.75 will be picked up, but is not the case.

Book trades are showing that the stock is being bought at N23.80.

Does it mean someone is deliberately buying at a higher price when there are cheaper bids?
?

Dum20:


There is something i find interesting going on on the floor of the market.

You GTCO 13million offers at 23.80 and 42k bids at 23.75.

Logic says that the bids at N23.75 will be picked up, but is not the case.

Book trades are showing that the stock is being bought at N23.80.

Does it mean someone is deliberately buying at a higher price when there are cheaper bids?
?

You will get it for N23.80 If you buy at the Market price.

GTCO MM game

Dum20:


There is something i find interesting going on on the floor of the market.

You GTCO 13million offers at 23.80 and 42k bids at 23.75.

Logic says that the bids at N23.75 will be picked up, but is not the case.

Book trades are showing that the stock is being bought at N23.80.

Does it mean someone is deliberately buying at a higher price when there are cheaper bids?
?

CAVERTON: 1.10!!
Looking more attractive from here.......if it can get to N1 and below will be good too.....

MEYER:
Sighted @3.30......
This market no just balance, see as it's pursuing M&B......and conveniently overtake Neimeth......

FIDELITY: Sighted @3.45
What could be wrong here??

OBAGADAFFI:


You will get it for N23.80 If you buy at the Market price.

I know. It is being bought at N23.80.

But it is curios is that I saw offers at N23.75 and people were still buying at N23.80.

Dum20:
know. It is being bought at N23.80.
But it is curios is that I saw offers at N23.75 and people were still buying at N23.80.

It's cross deals.......
Some transactions are picked at premium......
Some picked a bit high to accommodate the volumes required....

yMcy56:
CAVERTON: 1.10!!
Looking more attractive from here.......if it can get to N1 and below will be good too.....

MEYER:
Sighted @3.30......
This market no just balance, see as it's pursuing M&B......and conveniently overtake Neimeth......

OGG suggesting CAVERTON below 1

OBAGADAFFI:


I don't support this idea.

Same way they unbundled Transcorp Hotel?

The transcorp hotel is not unbundled yet, if not we would have had our shares of it.

JAIZ BANK!!!
Huge volumes ongoing here @0.90k........
Touched 0.76k earlier...

yMcy56:

It's cross deals.......
Some transactions are picked at premium......
Some picked a bit high to accommodate the volumes required....

Okay, i see,

They are cross deals. The price is already agreed on and will not change no matter what is going on in the market.

Slimdove:
suggesting CAVERTON below 1

Oh!! Ok.
Didn't see that.......
Also think it wouldn't be bad from N1.10 and below....

Dum20:
., i see,
They are cross deals. The price is already agreed on and will not change no matter what is going on in the market.

Exactly!!

See the case of JAIZ BANK now, the bulk of the volumes exchanging hands are/were cross deals at premium price of 0.90k..........
Whereas, JAIZ is doing 0.83k and below in the market.......

OrgasmDonorxoxo:
Hello � house
Please I want your advise, does the dividend and bonus proposed by MCNICHOLS make it a buy for the short term?

If you're a risk taker, you can buy.......
It's highly illiquid and may continue the upward movement for this reason, coupled with the bonus of 6:5 declared and 0.03k Dividend.
Also, the stock belongs to the Consumer Goods family and may witness more upside in coming days......all things being equal. I think it's fundamentally not bad too.

You'll just have to plan to hold it for long should you wait to collect Bonus and Dividend, then have a strategy in place to average it down after markdown.........before bonuses are added.
Qualification Date is 30/06/2022.

Can remember saying something about MCNICHOLS here when it was around 77k. Has delivered over +160% gain since then.
Most of the transactions done were Directors dealings.

**Caveat: This is purely my opinion, I may be wrong as I no be expert, .....Apply DD pls**

yMcy56:

It's cross deals.......
Some transactions are picked at premium......
Some picked a bit high to accommodate the volumes required....

What's the meaning of cross deals?

Dum20:


Okay, i see,

They are cross deals. The price is already agreed on and will not change no matter what is going on in the market.

Whenever I see cross deals or trades regarding stocks, it just screams insider deals or trades. I just get the feeling that someone has gotten wind of some information that is not yet out in the public space.

onegentleguy:
@ mcy56 trust you still remember the post above!

Some folks probably forget that LINKAGE ASSURANCE owns a core stake (circa 11.76%) in Stanbic Ibtc Pensions. ...Nigeria's biggest PFA/PFC, accounting for near 40% of the country's total pension fund with FUM/AUM in excess of N11 Trillion.

Present mkt price is rediculously cheap... because even if you value LINKAGE using just 5% of the coys portfolio in Stanbic Pensions, it's FV would compute to N2.16.

Still very fresh in memory boss.

Mpeace:
The transcorp hotel is not unbundled yet, if not we would have had our shares of it.

But it is listed separately.

Wapgod:

What's the meaning of cross deals?

Ordinarily when you are to buy or sell shares the other partner to the deal is not known.
In the case of cross deals, both the buyer and seller know each other one way or the other.

There is always a pre-determined price for the deal between both parties irrespective of the current market price.

Unlike normal purchase/sale order the cash involved don't get to the stockbroking account apart from the charges which in most cases is charged to the buyer's account depending on the agreement anyway.

So cross deals are not market manipulation it's just a type of buy/sell between known parties.

OBAGADAFFI:

But it is listed separately.

Yes, but not unbundled. Transcorp still has majority stake.

Presco being punished for poor dividend.
Fullest bid at 180.
They gave only N6.60 despite an Eps of N19.32.
For a N200 stock. The dividend is just about 3% dividend yield almost same with transcorp at 2%.
Some of our indigenous companies are just too greedy and stingy with dividends.

Mpeace:
Presco being punished for poor dividend.
Fullest bid at 180.
They gave only N6.60 despite an Eps of N19.32.
For a N200 stock. The dividend is just about 3% dividend yield almost same with transcorp at 2%.
Some of our indigenous companies are just too greedy and stingy with dividends.

PRESCO should not be paying this much dividend considering the level of debt!

Current price is suppose to reflect FUTURE growth.

Mpeace:
Presco being punished for poor dividend.
Fullest bid at 180.
They gave only N6.60 despite an Eps of N19.32.
For a N200 stock. The dividend is just about 3% dividend yield almost same with transcorp at 2%.
Some of our indigenous companies are just too greedy and stingy with dividends.

Presco no be indigenous company like dem Transcorp o.
Tey tey , everyone don sabi say Presco no dey pay like Okomu I believe say dis time, na becos of SIAO and d scrip bonus issues dem won do.

Wapgod:

What's the meaning of cross deals?

emmasoft:
So cross deals are not market manipulation it's just a type of buy/sell between known parties.

Could also be a trade between two customers' account of same broking house....
Or transactions between customers in different broking houses, with an agreement to buy/sell Same security at certain amount.

Hope I get it right.
Thanks @Emmasoft

What is d best broker to use in trading local stock, Bancorp, Chaka, or meristem? Which one is good? Thanks

NEM
2021 FYE Dividend paid.
Is there no poster with NEM here? As I didn't see any alert post. Lol.
Make Una pay your tithe o.

PRESCO
Corporate announcement..
https://doclib.ngxgroup.com/Financial_NewsDocs/36055_PRESCO_PLC%20CORPORATE_ACTIONS_ANNOUNCEMENTS_CORPORATE_A.pdf

PRESCO Q1:
https://doclib.ngxgroup.com/Financial_NewsDocs/36056_PRESCO_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_2022_F.pdf

VERISTAKAP Q1
https://doclib.ngxgroup.com/Financial_NewsDocs/36058_VERITAS_KAPITAL_ASSURANCE_PLC%20_QUARTER_1_%20_FINANCIAL_S.pdf

MCNICHOLS
Lots of Directors and relatives of Directors dealings ....
https://doclib.ngxgroup.com/Financial_NewsDocs/106_MCNICHOLS_SHARE_SALE_NOTIFICATION_IJEOMA_19052022.pdf

sterlingD:
I want to ask is today the payment day for Axamansard dividend

Kereokwu:
Good evening, pls has AXA Mansard paid dividend?

The payment date has been shifted to 14th of July 2022.l was able to confirm from my stockbroker

yMcy56:


Could also be a trade between two customers' account of same broking house....
Or transactions between customers in different broking houses, with an agreement to buy/sell Same security at certain amount.

Hope I get it right.
Thanks @Emmasoft

sure @YMcy56 you correct 101/100 The koko is that agreed and arrangement between known parties is key. In fact, it's even easier when the two investors are in the same stockbroking house.

Mpeace:
Presco being punished for poor dividend.
Fullest bid at 180.
They gave only N6.60 despite an Eps of N19.32.
For a N200 stock. The dividend is just about 3% dividend yield almost same with transcorp at 2%.
Some of our indigenous companies are just too greedy and stingy with dividends.

It is a growth stock, dividend payout ratio is about 30%. With a return on equity of 40% and 70% of the earnings plough back into the business, you should expect a sustainabe earning growth of about 28% which is huge

ololufemi:


Whenever I see cross deals or trades regarding stocks, it just screams insider deals or trades. I just get the feeling that someone has gotten wind of some information that is not yet out in the public space.

A lot of companies have been having cross deals in the past few weeks.

Maybe it is the foreign investors Oracle was talking about.

emmasoft:


Ordinarily when you are to buy or sell shares the other partner to the deal is not known.
In the case of cross deals, both the buyer and seller know each other one way or the other.

There is always a pre-determined price for the deal between both parties irrespective of the current market price.

Unlike normal purchase/sale order the cash involved don't get to the stockbroking account apart from the charges which in most cases is charged to the buyer's account depending on the agreement anyway.

So cross deals are not market manipulation it's just a type of buy/sell between known parties.

And it is a good sign right?