@roughcut

e be like say my fingers quick press reply pass u but yes as we discussed on friday on ABC, na so market do am today. nice one.

aktopgun:

@roughcut

se o n ri ABC sha!

He be like say wetin you get now don pass winch level. You don dey do rubber neck view my post before you post

who was i begging to be careful on dansugar last week sef?

full 5% loss today. na wa o!. abi the good result had been factored into that hike late last week in its price?

rough few days ahead it seems

aktopgun:

who was i begging to be careful on dansugar last week sef?

full 5% loss today. na wa o!. abi the good result had been factored into that hike late last week in its price?

rough few days ahead it seems

Na real wa-a-aaaaaa, Good result plus bonus and dividend, price heads to calabar; BAD result and even ridiculously BAD result (see UNTL) price keeps gaining 5%.

But maybe more bonus addicts may go after the dangote sugar and help the price get up a bit before close of register, but from the charts, seems like it's headed downwards

Its correct, the bonus has been factored into the stock price by insiders rushing in last week, I heard it was a 1 for 4 last week.

@pumping

sure u dint remember this but about about 6 weeks ago or so, we were discussing Oceanic bank and i said i didnt think it would fall below N28 but i didnt have anything to substantiate my argument apart from the fact that i bought twice both under N28 (only just below N28 on one occasion) . U felt it would drop further below N28 cuz the results were still far off at the time.

well my dear friend, as always, u were right going by today's prices. Nice one

Today's pricelist.

Alao Akala's election upheld.Adedibu surely knows his onions!

Today's pricelist.

The closure date is what has killed the Dangote stock. Next week Monday and this week has another 2 days of holidays. Many folks like to sell before closure of the register instead of waiting endlessly for the bonus shares and dividends. It means one has  only a 3 day window after today to sell. They're probably worried about the stock becoming over-priced.

RT Briscoe

Chei!!! Finally representing. So the rumour jist correct? Thank God for patience. I bin say it was still okay to buy at N32 about 2 weeks ago se? I think it would have been a good idea. Abeg, anyone with the results?

aktopgun:

who was i begging to be careful on dansugar last week sef?

full 5% loss today. na wa o!. abi the good result had been factored into that hike late last week in its price?

rough few days ahead it seems

There is surely going to be a reversal tomorrow.

pumping777:

. Next week Monday and this week has another 2 days of holidays. Many folks like to sell before closure of the register instead of waiting endlessly for the bonus shares and dividends.

A lot of peeps also like to sell before the dividends are applied because the price will be marked down by the dividend paid and you also have to pay taxes on your dividends so no show there!

I hope he has stopped that nonsense with paying dividends quarterly

RoughCut:

A lot of peeps also like to sell before the dividends are applied because the price will be marked down by the dividend paid and you also have to pay taxes on your dividends so no show there!

I hope he has stopped that nonsense with paying dividends quarterly

Price will move up after the closure. Expect a sudden rise almost after.

I heard  people who applied for only 8,000 units in the bank PHB public offer got full allocation . is there any truth to this rumour? if na so i beg aktopgun send me your antipo vaccine abi na to do anti po public offer in which everybody will be given 100% allocation . If what i have been reading in this forum is anything to go by, i dont really think all the po are oversubscribed but it more of the money bags willing to pay above premium  premiums for these po
na so life be

lawalidowu:

@pumpin

I have somE RTBRISCOE
as they have given a 1 to 4 bonus now, if i sell my holdings say tomorrow, will i get the bonus?
also this news should mean people would start selling off and may lead to a price decline.
is this statement valid?
please analyze

@ALL
FEEL FREE TO CONTRIBUT

I get too. First we need to know when the register closes. I'm sure the register cannot close tomorrow because at the earliest the result was released today. In this case if you sell tomorrow, you don't get dividend or bonus.

No, people will not start selling off. Obviously the rumour of bonus here had been kept under a lid so the stock price had not really appreciated to reflect this bonus. Expect around another 20% increase or more based on 1 for 4 bonus.

Now, if you are someone who likes accumulating bonus shares, then you can decide to wait until after the closure date to sell. It all depends on you. Also,  note that depending on how good the results were and how much the price appreciates before the mark down, the stock may head up north again even after mark down. This is not usually the case but a recent example is Deap.

If you want to take profit, then try to sell as close to the closure of the register as possible or until you see the price stabilizing.  My expectation is around N38 but this will be clearer after seeing the results.

Highlander:

There is surely going to be a reversal tomorrow.

i'd like to believe u but on what do u base this comment highlander?

wanaj0:

Price will move up after the closure. Expect a sudden rise almost after.

i am sure.

afterall it is still quite strong fundamentally and that hasnt changed with the resukts announced recently either.

clarification sought on dansugar guys.

i am presuming that with the 1 for 5 bonus, the outstanding shares will rise 20%. isn't it?

aktopgun:

i'd like to believe u but on what do u base this comment highlander?

Dangote Sugar is one of the fundamentally sound companies in NSE. I'm sure most of today's profit takers were still not sure of the bonus story by the time they gave their sale order. Watch what will happen tomorrow.

The Dangote bonus is too good to resist.

Watch how people respond to this.

This is NSE style.

Aktopgun,
Abeg what is ur view on Livestock?
Do you think there would be another downturn soon?
Thanks

@ all on board ABC,

Caution: Hold ur peace, no panic, any panic movement can
be injurious. Your safety is our concern.

Over and Out.

C. E.

pumping777:

RT Briscoe

Chei!!! Finally representing. So the rumour jist correct? Thank God for patience. I bin say it was still okay to buy at N32 about 2 weeks ago se? I think it would have been a good idea. Abeg, anyone with the results?

Ikeja Hotels ain't slowing down either!!!

Ah ah,what's happening to Costain,it gained max points today to close @ 78.96

Atam-Man:

Aktopgun,
Abeg what is your view on Livestock?
Do you think there would be another downturn soon?
Thanks

before u say i dey ignore u, i am bearish on livestock at the moment actually. a downturn may come as early as tomorrow if i am to stretch my neck out on it (pls do't cut it off  )

havent seen the charts for today yet but roughly drawing my own suggests a hanging man on high volume (19.8m), after an uptrend. not cool!

Highlander:

Ikeja Hotels ain't slowing down either!!!

i'm loving it, loving it, loving it, i'm loving it like this!!

@ Nairalanders

Re: IGI

There was talk of IGI having a meeting to discuss listing date a couple of weeks back.
Any word about the outcome?

Samstone4

aktopgun:

i'm loving it, loving it, loving it, i'm loving it like this!!

That one is red-hot! I was hoping for it to slow a bit so i can load some more but looks like i might to wait a few more days

Deleted duplicate.

SS4

endure:

@ all on board ABC,

Caution: Hold your peace, no panic, any panic movement can
be injurious. Your safety is our concern.

Over and Out.

C. E.

ehem, this one wey u sign C.E and ur username na endure, are u trying to tell us something?

does C.E stand for "Chief executive".

_{can feel Brain going into conspiracy theory mode!!!!}

aktopgun:


before u say i dey ignore u, i am bearish on livestock at the moment actually. a downturn may come as early as tomorrow if i am to stretch my neck out on it (please do't cut it off )

havent seen the charts for today yet but roughly drawing my own suggests a hanging man on high volume (19.8m), after an uptrend. not cool!

Aktopgun, thank you plenty!
This one wey you are not very enthused RE: Dangote Sugar, I hope lesser beings like us are not sitting ducks.
Same applies to Flourmill of Nigeria, what is killing the price? Abi someone knows what the rest of us don't know?