Phlinx:


I believe they paid N37.6 Billion

From 20billion profit after tax? Them try oh.

I see what you did there

Mpeace:
From 20billion profit after tax? Them try oh.

thesilentone:
I see what you did there

Abi dem no try?

But yhere is clarification, that the money might have been paid from pioneer status.

My only question is why list the company now that they are done sharing the money. And why create so much shares from only 10million to 2.5billion?
And why list at 100naira per share.

Mpeace:
Abi dem no try?

But yhere is clarification, that the money might have been paid from pioneer status.

My only question is why list the company now that they are done sharing the money. And why create so much shares from only 10million to 2.5billion?
And why list at 100naira per share.

I can't blame them for packaging their product for sale. It is those buying the product that should open their eyes........

pluto09:



I can't blame them for packaging their product for sale. It is those buying the product that should open their eyes........

It is like saying I don't blame scammers for scamming, it is those falling for it. Stealing is stealing no matter how you package it

Water will always find its level.

I believe not everyone will be interested in joining their shareholder list and that is OK. It is fair to say that the valuation is very 'rich'.

Buffett would say that until the tide goes out before we find out who has been swimming naked.

I don't buy IPOs and I don't use private financial statements when deciding to buy into a company.

Private track records don't count for much, we will start judging when you have a public track record.

Mpeace:
Abi dem no try?

But yhere is clarification, that the money might have been paid from pioneer status.

My only question is why list the company now that they are done sharing the money. And why create so much shares from only 10million to 2.5billion?
And why list at 100naira per share.

Ades1:


It is like saying I don't blame scammers for scamming, it is those falling for it. Stealing is stealing no matter how you package it

They are not thief and not a scammer.
There will always be a caveat in buying any finicial instrument, the onus is on the buyer to beware......

Ades1:


It is like saying I don't blame scammers for scamming, it is those falling for it. Stealing is stealing no matter how you package it

Geregu plc shares is massively overpriced and massively overbloated(total issued shares).
We also don't know if they will pay dividends as a public company.
If they eventually do, there dividend yield will be small.

Best way to make money from the stock is price appreciation - Buy and Sell at a profit if you can.
As for me I'm avoiding the stock.

Either way Otedola has made billions by just listing the shares on NGX and will continue to make money off the shares independently of the company's financial performance by selling the billion units of overpriced shares he recently issued just before listing the company.

The NGX has become a dumping ground for overpriced securities for retail investors, and deliver mostly low yields to investors.

Is there any investment that can give me 23% per annual ROI in the regulated financial sector of Nigeria?
I'm tired of all these low yields(9-18%) despite me taking substantial risk with my money.

ACCESS finally paid. Didn't have to chase the registrars though.

thesilentone:
ACCESS finally paid. Didn't have to chase the registrars though.

Same here.
Money for meatpie.

Access interim divident just entered.

Wapgod:


Geregu plc shares is massively overpriced and massively overbloated(total issued shares).
We also don't know if they will pay dividends as a public company.
If they eventually do, there dividend yield will be small.

Best way to make money from the stock is price appreciation - Buy and Sell at a profit if you can.
As for me I'm avoiding the stock.

Either way Otedola has made billions by just listing the shares on NGX and will continue to make money off the shares independently of the company's financial performance.
The NGX has become a dumping ground for overpriced securities for retail investors, and deliver mostly low yields to investors.

From an EPS standpoint it is NOT massively overpriced. If it is then Dangcem @245 is massively overpriced not to talk of Buacement @50.85 which would be mega-massively overpriced.

And don't forget Mr Otedola owns 95% of Geregu, while Mr Rabiu owns 92.3% of Buacement. So if Mr Otedola decides to play the same ball as Mr Rabiu then even with the current market bear Geregu still has some upside and this is based on last years result when Geregu releases H1 of this year and you see N15B in half year profits what would be the market reaction then?

Also looking from the dividend standpoint the dividend per price of share of Buacement gives Geregu share price tremendous upside.

Ades1:


It is like saying I don't blame scammers for scamming, it is those falling for it. Stealing is stealing no matter how you package it

The person you replied is correct nauw.

The investor is meant to do his Due Diligence before buying into IPOs.

Ben Graham of the Intelligent Investor said IPO means "It's Probably Overpriced".

We all saw hell when we all went for IPOs, POs and PPs in 2007 listing craze. Many learnt their lessons. You can't teach these retraining behaviours in business school. People just need to experience these and then they understand. We got our baptism in those days and now we avoid anything IPOs.

"You can't blame the scammer" goes all the way back to Tulip mania in the year 1634 when people were buying tulips and being issued certificates to own them and trade them.

RabbiDoracle:


The person you replied is correct nauw.

The investor is meant to do his Due Diligence before buying into IPOs.

Ben Graham of the Intelligent Investor said IPO means "It's Probably Overpriced".

We all saw hell when we all went for IPOs, POs and PPs in 2007 listing craze. Many learnt their lessons. You can't teach these retraining behaviours in business school. People just need to experience these and then they understand. We got our baptism in those days and now we avoid anything IPOs.

"You can't blame the scammer" goes all the way back to Tulip mania in the year 1634 when people were buying tulips and being issued certificates to own them and trade them.

What's PP?

Mpeace:
To only 10million shares as at the time of the last payment.
Now they have 2.5 billion shares. Calculate how much they will pay as dividend.
If they pay the same proportion of their profit, then it should be the type of dividend transcorp normally pays :6kobo.

Good one!

So by inference, TRANSCORP is ridiculously cheap @ the CMP.

When you compare both power coys with certain pivotal fundamental variables, the picture becomes even more glaring! (EV/EBITDA, CBR/CR, JPMG, CCC, CGPR ...)

It's interesting that the one with the highest electricity generating capacity is selling for 0.019x less, if we benchmark their current earnings potential against the combined mean of these key variables.

Truth is; TRANSCORP has no business selling for below N2.71.

Contrarily, GEREGU POWER is overpriced.
Raking off surrounding risk and attaching a conservative RPM, FVE pegs @ N67.4 at present.

We already highlighted the immense value accretive potential in TRANSCORP before now so no need for much talk.

Soon, time will help set matters straight and put things in their right perspective.
I love that man, Mr TIME!

Selah

AccessCorp and RedStarExpress duly received . .

Private Placements

Wapgod:


What's PP?

Phlinx:
Where are you these days?

I don go find work for Loco's site......as Peter said make we sell in May and go away.... .....Same Peter that traded in July.
Thanks.

thesilentone:
The folks feeling trapped in NB, Nestle and Guinness, not to worry - madam money @mcy will come shortly.

It's well o.
Think being trapped with no one willing to buy is a kind of blessing in disguise too...
Reason, the fall will be minimized and share price will keep closing same for many trading days, thereby reducing portfolio loss. In the process, bull may even catch up with it at the spot.
Only those in need of liquidity may be affected.

This time shall also pass.

BTW, you're doing well sir. Learning from your invaluable contributions, and your TA stuff is helpful too.

364days ntb @13%, that’s not really good for Nse

Oloro29:
@Mercy pls what is the conclusion on IEI takeover. Thanks

IEI AGM Resolution:
* 49.4% Mandatory take-over approved @ N1.60k
* Directors to take all necessary steps to implement this.
https://doclib.ngxgroup.com/Financial_NewsDocs/36895_INTERNATIONAL_ENERGY_INSURANCE_PLC%2043RD_ANNUAL_GENERAL.pdf

Ellah Lake financial statement

https://doclib.ngxgroup.com/Financial_NewsDocs/36898_ELLAH_LAKES_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2022.pdf

juniorrate:
364days ntb @13%, that’s not really good for Nse

Maybe this is the reason for the spike in volume of GTB and Zenith..... Yield still higher than 13%.
GTB around 18% @16.85
Zenith around 16% @19.45
** With possible price appreciation as perks**

MANSARD, LASACO, STANBIC getting more interesting...
Mansard @1.50 (0.375k), LASACO 0.85k (0.21k), STANBIC 28.10........as at today's price

I see Otedola’s Geregu Power Plc listing on NGX as the catalyst that will rally transcorp to the amazement of everyone. do your due diligent

Thank you for your kind words

yMcy56:

It's well o.
Think being trapped with no one willing to buy is a kind of blessing in disguise too...
Reason, the fall will be minimized and share price will keep closing same for many trading days, thereby reducing portfolio loss. In the process, bull may even catch up with it at the spot.
Only those in need of liquidity may be affected.

This time shall also pass.

BTW, you're doing well sir. Learning from your invaluable contributions, and your TA stuff is helpful too.

GTCO:
These sellers and cross dealers just dey vex anyhow.....
Quite a lot of buying, selling and cross dealing are ongoing in the background........
They'll exhaust their energy one day......

All these 555Ks, 665Ks are from the background...... Watching what their mission actually is.......but by the time they're satisfied now, all the stories of rate hike, election palava, dollar/naira, charts, will then be meaningless, we'll now be wondering what has changed......
Who says money and power doesn't control this market? Lol.

Which stocks or sectors to benefit greatly from forth coming world cup in Qatar? Breweries on my mind.... which else

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Mpeace:
For those that need geregu. Its available at 123.

* Geregu now @110.....
* Listed at a time the market is shedding.....
* Think the best bet now is to wait for it below listing price because e be like say your eyes no commot there.....
* They are still coming to the market to raise capital, there may be some pumping by/before then.....
** Just my opinion. Ote$$'s boys may pump the price**

yMcy56:

* Geregu now @110.....
* Listed at a time the market is shedding.....
* Think the best bet now is to wait for it below listing price because e be like say your eyes no commot there.....
* They are still coming to the market to raise capital, there may be some pumping by/before then.....
** Just my opinion. Ote$$'s boys may pump the price**

I left FBNH because of Otedola. I no fit enter any company where otedola has controlling interest.

Last last Gerugu will go like forte oil. They will pump and dump and sell.
I never had an eye on Geregu.

I think Otedola and wale tinubu belong to the same class.

safepaulooo:
Which stocks or sectors to benefit greatly from forth coming world cup in Qatar? Breweries on my mind.... which else

Telecommunication.