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Nairaland Forum / Austinkenneth's Profile / Austinkenneth's Posts
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Crime / Re: NDLEA Arrests Two At Lagos Airport For Drug Trafficking by austinkenneth: 3:41am On Jul 01 |
Igbos and drugs! 2 Likes |
Politics / Re: Unmasking The Lies That Igbos Dominated Ex-President Jonathan’s Government by austinkenneth: 6:21am On Mar 26 |
Ok |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 8:40am On Mar 14 |
Mpeace: Dividend by fire by force |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 8:25am On Mar 14 |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:56pm On Mar 13 |
I'm stuck in SEPLAT. What's going here. No movement. Anyone with new of the MPNU acquisition? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:22pm On Nov 21, 2023 |
Except in rare mispriced situations, I think it is more difficult to get deals in real estate than in stocks. The real estate market is much more efficient while cheap stocks abound. The transaction costs are way higher in real estate compared to stocks (at least 10% agency and legal for both purchase and selling compared to 1.5% for stocks). The capital outlay per investment is higher in real estate while in stocks you can invest small small (like with 140k as mentioned here). In real estate you face a concentration risk because of the high capital outlay. How about liquidity? Stocks can be easily liquidated compared to real estate and ploughed into a better stock investment as soon as you deem fit. However, if chose stocks as your preferred, beware of the fact that you have chosen to be a LIFETIME STUDENT (I don't mind that personally). Adult education may not be easy at times. You have to be watching and re-allocating your eggs in different baskets. That is the only way to convert 140k to 50m in 19 years, despite so many drawdowns, as has been mentioned here. ( i.e at least a 37% annualised return over such a long duration!). Overall real estate, stocks and holding dollars are the best inflation/devaluation hedges in this country. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 7:03pm On Oct 23, 2023 |
Kreos44: The GSK game is still on. Though not much talked about in this forum. All you need tondo is to have a look at the cash on their balance to gauge what is coming. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 7:00pm On Oct 23, 2023 |
Hogwarthtrades: Alert received for Access bank interim dividend 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:26am On Oct 21, 2023 |
Bukkydudu: Also still expecting my Access bank interim dividend. Any others in this boat? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 7:21am On Oct 07, 2023 |
emmanuelewumi: Can I join the group? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 7:13am On Oct 07, 2023 |
emmanuelewumi: An unassuming friend just collected 4.6m from UBA as interim dividend. He started investing only 3 years ago, during the COVID lockdowns. He came into the market with big money though. 9 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 8:39am On Sep 25, 2023 |
ogoo4real: Some people will be waiting to pick up ACCESS lower. The company seems to be doing some underreporting. 6 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:32pm On Sep 22, 2023 |
mikeapollo: I agree that only another fresh court case can stop this delisting but that is not what anybody would want to be doing right now against a company owned and controlled by the President's nephew (Wale Tinubu) 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:06pm On Sep 22, 2023 |
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 5:36pm On Sep 22, 2023 |
Frangel: This document is confusing in my opinion. First it states in section (IV) that: An order directing that, if at the Court Ordered Meeting of the First Respondent, the Scheme is approved by a majority representing not less than three-quarters (3/4) in value of the shares held by the members being present and voting either in person or by proxy, the reports of the Court-Ordered meetings be presented to the Court within 30 days, for an Order of this Honourable Court to sanction the Scheme. This can be interpreted to mean that: (a) OODP holding 57.4% of the votes will vote yes or no at the EGM meaning delisting is a done deal because they'll vote yes or (b) OODP holding 57.4% of the votes will not vote yes or no for delisting at the EGM. In this case, the three 'minority' shareholders who hold 74%-57.4% = 16.6% will have at least about 40% (16.6%/42.6% = 39%) of the vote given that all other minority shareholders will not be present. This still represents a high odds for delisting at N7.07. Please note that 4 shareholders hold 74%. Just one of them OODP holds 57.4% leaving 16.6% for the other three. Secondly, in the last paragraph we have the statement: Today, OODP has a shareholding of 57.37% in Oando PLC and the above-mentioned minority shareholders 42.63% shareholding. This action precipitated by the petition from certain Oando minority shareholders, if approved by all the minority shareholders at the court-ordered meeting will result in a voluntary delisting of the Company’s shareholding on the NGX in accordance with its guidelines for delisting of securities This means ALL! the minority shareholders present must approve the delisting for it to happen. I think someone would come back to tell us that this is not the intention or the spirit of the writers of this doc or the court ( this is now looking like the 25% of Abuja brouhaha ) 1 Like 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 2:00pm On Sep 22, 2023 |
mikeapollo: Are you aware that in the court-ordered meeting (an EGM actually), a 75% positive vote among those present is what is required to push this kind of decision through? Are you also aware that four shareholders hold 74% of the total shareholding? That means the entire decision is dependent on what these four majority shareholders decide. That decision is whether to buy you out at N7.07 or higher. Of course they would prefer to buy you out at N7.07. The other thing is the time of the buy-out. N7.07 today is not N7.07 in six months or 1 year. They would not only buy-out at N7.07, the payment date wouldn't be anything earlier than June 2024 (my guess). 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 3:01pm On Jun 17, 2023 |
What do you guys think about Glaxo smithkline? The enterprise value is negative whihc is a rarity in the investment world. The share price is roughly N7.5 (market cap: N9bn) Cash in company's coffers: N22bn which comes to N18 per share. That's far more cash than the market cap. The company has a tradition of paying special dividends. Looks like a good upside potential 2 Likes |
Politics / Re: Tinubu And Osinbajo: The True Story Of How They Met by austinkenneth: 7:58am On Jun 12, 2023 |
Interesting |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 12:37pm On May 29, 2023 |
emmanuelewumi: The title of a role model can only be conferred on you by others despite your no clear intentions to be one. If people say you are a role model the so are you. 13 Likes 2 Shares |
Politics / Re: Yoruba’s Are Political Rascals - Igbo Leader Chief Iwuanyanwu (video) by austinkenneth: 9:45pm On Mar 25, 2023 |
Darren95: Whoever edited this video is very very mischievous. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 11:08am On Mar 23, 2023 |
emmanuelewumi: Thank you very much. Please supply the EV value and the formula for its calculation. |
Politics / Re: Congratulations To Hon Abiola For Winning Umuahia Central State Constituency by austinkenneth: 12:08pm On Mar 19, 2023 |
GOOD |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:16am On Aug 09, 2022 |
Confusion as NUPRC rejects approval of Seplat and Mobil deal hours after President Buhari approved https://nairametrics.com/2022/08/08/confusion-as-nuprc-rejects-approval-of-seplat-and-mobil-deal/ This acquisition may not scale through. Buhari and Sylva are leaving in less than a year. NUPRC(DPR) is there forever. Under the PIA the consent has to come from them and they don't want to give it. If this things gets to court, NUPRC will win. Make dem go beg them. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 2:02pm On Jun 02, 2022 |
Abeg any heads up on what is going on in NAHCO. Price has been rising. I kick myself for not buying. |
Car Talk / Re: Mercedes Benz Thread by austinkenneth: 4:41pm On Apr 22, 2022 |
Please can anyone help me with a cost estimate for W164 rear SAM and where I can get it? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 7:11pm On Apr 04, 2022 |
Please is anyone having problems with getting UCAP dividends? I haven't got mine. They paid me for the previous years without hassles but this year no alert |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 2:08pm On Feb 03, 2022 |
samguru:After these relaeases, It wouldn't be strange to see the price at N2.00 |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 12:09pm On Feb 02, 2022 |
I can't see AIICO bonus on my CSCS yet. |
Politics / Re: Igbos Didn't Vote For Abiola: Separating Facts From Calumny by austinkenneth: 8:33am On Jan 22, 2022 |
This thread is quite revealing |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 7:54am On Jan 12, 2022 |
Heishere: What is keeping SEC from approving AIICO bonus? I hope they won't change the qualification date. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 3:43pm On Jan 10, 2022 |
yMcy56: What really is the reason for this decrease in price for GTB? Is there an issue with their results? Is there a core investor selling off? |
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