₦airaland Forum

DeRuggedProf:

After they collect all the tithes and offerings from you, they will no longer hold the usual December party.
Reason: they will now remember their equipment are due for upgrade, you will start seeing inflated contracts with HUAWEI.....
Huawei will start upgrading software for millions of dollars
Network expansion will become unending...

rebekah2011:
Outstanding shares of DFM is 5b units. The purchase price by OLAM is 130b. However, discount have to be made for the net cash deficit to arrive at the offer price.

stcool:
I told people to buy CHAMS, DF and fidelity and have peace of mind dem no hear...

Kontinue running up and down.

The lower CHAMS the better I accumulate more, meanwhile I await Olams to pay me N21-26 on DF.

stcool:
Jump out to buy what?

I remain in these three stocks...and will only accumulate on them. Make una Kontinue dey jump up and down

robobo:
i would even advise long termers to hold still or at best test waters with a foot (and not even leg) one after d other cos Technically the fall from this 28k level is quite steep (arnd 25-26). This kind of fall wld require the heavies (Dangcem/ Nestle/ FUGAZ e.t.c) to still shed substantially (10-15%) from current level to attain that (25-26k) though if 28k hold we might see substantial climb also.


N.B i am a novice on the technicals above is just my interpretation of what i am seeing on the chart

stcool:
I told people to buy CHAMS, DF and fidelity and have peace of mind dem no hear...

Kontinue running up and down.

The lower CHAMS the better I accumulate more, meanwhile I await Olams to pay me N21-26 on DF.

austinkenneth:
June 11 2004:
NSE All share index: 29,033

15 years after--->

Yesterday, May 7 2019:
NSE All share index: 29,096


Gain for average long-termer: 2.2% over 15 years--->0.15% annually CAGR
Average gain from fixed deposits: 10% annually


Some times we need to dey ask ourselves the question: Wetin We gain?

Coolcash1:
I concur with the bolded...It's a tedious and unnecessary way of frustrating investors. Perhaps its strategy to make them give up on the process and not follow through on their benefits...Like you said, patience is the key. Plan to follow up with united securities on my Diamond cash consideration this am and feed the house back...

tritritri:
dat 28k is a stonge support. but it calls for causion.

Valueinvestor:
I just hope all will be well and MTN turns out to be another nestle . Cos some companies while they remain private, they post beautiful profit quarter on quarter, but once they list on the exchange, they start posting ridiculous losses, the reason for this na only them sabi. Notore comes to mind.

stcool:
Investor know thy CEO...

stcool:
I don't know how we can go about this, but i feel through this forum we can make a positive change. Can we have members here register a forum or organisation that would protect the rights of shareholders. I mean most of the irregularities in the market are first pointed out on this forum and we can have a voice that would demand a change and see that this companies are held accountable.

I remember the Oga taking on AIICO on this same issue of taking minority shareholders for granted and other cases that initiated from discussions here. You can imagine if we all join hands to this course, protecting the rights of the common investors. Cases where we need to write this companies we would write them, where protests are needed we come out in solidarity, and if we need to take it up with the authorities we do so as one voice until justice is served.

I am telling you this companies would wake up...and our voices can become very powerful for the next generations!

ekpakpo:
United Securities

ekpakpo:
Hello guys, i need your help. Having fulfilled all necessary requirements (mandate form. e-dividend etc...) way before the announcement of dividend payment by a company, a registrar has still not paid my dividends and had not responded to my e-mails nor picked my calls. Can you please advise on how best to proceed with this situation.

Thank you

Dupeodus:
AIICO learnt from the mistake of NEM. NEM infringed on the provisions of the Company law in not giving adequate notice of their Extra Ordinary General meeting to some key shareholders which formed the basis of their successful law suit. AIICO avoided this and the Extra Ordinary General meeting approving the private placement has been held. The only opportunity left is to point out to the regulatory bodies, the accounting irregularities that AIICO has been committing in order to suppress the market values of the company's shares and actually make provision for creating the additional stocks out of fictitious liabilities instead of paying for them. I have reported this to SEC but I am not sure anything is being done about it. The next level is to take the matter up with the appropriate oversight committee at the National Assembly. I am prepared to do this but waiting for the actual issuance of the shares. I am saying this hoping that AIICO has agents that read this board and they are aware that someone is ready to fight them. Another opportunity is the up coming annual general meeting but I cannot attend. Let me close by pointing out that another effort in suppressing the market value of the company by it's management is the miserly 6k dividend out of an eps of 44k. NEM paid 13k out of an EPS of 39k. I don't think any company on the NSE treats it's shareholders with as much contempt as AIICO treats it's shareholders.

Dupeodus:
AIICO learnt from the mistake of NEM. NEM infringed on the provisions of the Company law in not giving adequate notice of their Extra Ordinary General meeting to some key shareholders which formed the basis of their successful law suit. AIICO avoided this and the Extra Ordinary General meeting approving the private placement has been held. The only opportunity left is to point out to the regulatory bodies, the accounting irregularities that AIICO has been committing in order to suppress the market values of the company's shares and actually make provision for creating the additional stocks out of fictitious liabilities instead of paying for them. I have reported this to SEC but I am not sure anything is being done about it. The next level is to take the matter up with the appropriate oversight committee at the National Assembly. I am prepared to do this but waiting for the actual issuance of the shares. I am saying this hoping that AIICO has agents that read this board and they are aware that someone is ready to fight them. Another opportunity is the up coming annual general meeting but I cannot attend. Let me close by pointing out that another effort in suppressing the market value of the company by it's management is the miserly 6k dividend out of an eps of 44k. NEM paid 13k out of an EPS of 39k. I don't think any company on the NSE treats it's shareholders with as much contempt as AIICO treats it's shareholders.

It may be too late if you wait for the actual issuance of the shares. Very good move to take it to the appropriate NASS channel!
But before that, it'll be good to
(1) Publicise the fraud through every major news channel just like the guys who were fighting NEM did. THE INSURANCE INDUSTRY IS BASED ON TRUST. Any company engaging in this kind off robbery might not be trusted to insure anything, people will think. If this kind of fraud gets out in the public domain, they'll chicken out because everybody will now know they can't be trusted.

(2) Publish the letter written to SEC to every major news channel. I noticed you also mentioned you copied NAICOM. Good move. This will get NAICOM/SEC to act.

(3) We investors must collectively rise against management 'brutality'. It is happening in AIICO today and will happen to other stocks tomorrow where the mgt is bent of fvcking shareholders over and appropriating companies to themselves. If the govt cant help us, there has to be a way for us help ourselves.

onegentleguy:
1st I'll like to thank u for ur critical but reasonable assessment of things with CAVERTON.
This is what this forum should be about but some few nitwits masquerading themselves as many have messed things up.
I recall that when I got an info on SKYE bank, I put it up here for folks to benefit, and also guided us on playing thru the coy in the short term.
When I got an info on AIICO(the coy at the time was selling for btw 55 to 57k), I also put it out here thru a revelation. A few months down the line, the news broke out that some institutional investor will take up stakes @ N1.20 per share. Some of these idiots who unjustly criticize me now, also benefited from the rally up back then. Yes the stock may be trading for less now, but I can tell u without mincing words, that that deal is still very much intact.
I can honestly also tell u that I got a drop down info(from an unexpected source) on the DIAMOND-ACCESS deal the night before it was eventually officially announced. Ordinary I would've put it out here, but for this same crop of fools who see absolutely nothing good in being good.
With DF, I got an info that something good was on the pipeline. ...on the same day, I put out a 'revelation' on the coy. But to be sincere, I was never informed in clear terms what the deal would be. Over time, I had to sell off my holdings (still with a great ROI though) after running out of patience noticing what looked at the time, like a clear manipulation to me.
I bought back on the floor @ a BEP of less N11 the same day the deal was announced, after a hint from a fellow in some telegram finance group I belong to. Again, I would've immediately put out the info here(or at the very least, give a hint) but for these same crop of twerps.
On CAVERTON, I've always done my best to keep us abreast with the few info at my disposal.
With C&I LEASING, CUSTODIAN, TRANSCORP, WEMA, ZENITH, UBA, and the few other coys I've pointed out here in the past, it was purely and only based on the Nos in their financial print and never on the premise of any info. I have also(when necessary) pointed out red flags and advised caution with certain other coys like WAPCO, NB, OANDO, FBNH to mention just a few.

The only coys I know I failed was my revelation on FLOURMILLS and my projection of earnings for UACN(even though my analysis and follow up guide on the former was made when they had put out one of their best result)
The twerps will only see the few mistake and never the many good.
But of course I am not a perfect being, and am not looking to be one... no one is.
Bottom line is; Some fools here have made it near impossible for the truly genuine ones to air their all-touching positive views because of their selfish diabolic interest and insatiable quest for more at all cost.

Now to answer to ur post.
Think of things this way; What if the said sell off(even though that's not what it really is) is intended to sort out the small matter of the coys current BLS status?
What if I tell u that the coy has already put measures in place to greatly reduce any possible impact from the above worries u highlighted and more(pls I'll suggest u read thru the NTS for YE 2017 and 2018 financial print)
What if...
Anyway, no need for so much talk. Enough of the CAVERTON talk. Those who don't feel comfortable holding the coy can do well to sell off their holding. ...or stay off and KEY into the stocks they are comfortable with.
...at least that way, there'll be enough for those who appreciate VALUE to buy !!
CAVERTON doesn't seem to have much of a free float to retail investors from it's OS.

As for the few haters, I have absolutely NO apology... so u can shove ur attitudes up ur ass. I do NOT care a bit !!
I will continue to be me, though I have decided to limit 'certain things' I put out here.

Salah.

Willie2015:
Execute a transfer form to your broker and send a scanned copy to ur broker
Your broker will take it to CSCS and obtain an acknowledged copy
Tell your broker to send a scanned copy of the acknowledged letter from CSCS to you.
Then send the scanned copy to the Registrar with your e-dividend mandate.
Dont wait for the CSCS option ....
I always keep a copy in my record for all these turanshi from Registrar....

Deadlytruth:
It seems our minds are connected. Just this morning at about 4:30, I was studying the daily volume of FO for the past 14 trading days to see if it is showing signs of a miracle on the way. There is a cummulative percentage of drop it would record after some few consecutive days and then it would be time for one to take a dive. Though I pray it happens after I will have carried my loot out of CHAMS so that I can use it for the FO diving.
NSE has become like a school in which students don't read for exams but wait for expos and miracles to pass.

stcool:
The way Market will rush Flourmill tomorrow...nse will not kee me

Many oga's done ready their account

Reality is if DF is going to N26...Flourmills is going to N30-N40
I am going into Flourmill tomorrow with full force, note I don't have any shares in Flourmill so I don't want to hear you deceived newbies to buy. We would all keep bidding until we buy

robobo:
Furthermore my fear really is for FMN on how it wld cope with a competitor of OLAM calibre in the Flour space
Startegically it wld rather make more sense for FMN to become a little more bigger in ready for competition with Olam
so i see more consolidation in that industry (FMN swallowing smaller player) though there is a major constraint of Cash for FMN presently cos they are just deleveraging there balance sheet

mendes911:
I will take it that you don't know High Chief Loco. He's one of our deep pockets here. Him and TriTri NEVER runs empty.

mendes911:
Chief,

You are old enough in this business to know that it's all about a cycle. Luckily enough, you are in stocks with good fundamentals. You really have nothing to worry about. Transcorp at N1 will be an opportunity for you to load more and more. Mind you, Transcorp's drop of yesterday was because of that entity that offloaded all at once, else Transcorp hardly drops like that in a day. FCMB MM might wake up tomorrow and drive things up. Zenith doesn't stay down for so long. I think you are good shaaaa.

tritritri:
http://www.nse.com.ng/Financial_NewsDocs/25662_DANGOTE_SUGAR_REFINERY_PLC_FINANCIAL_STATEMENTS_APRIL_2019.pdf

WOW...BEST RESULT ....if u knw u knw..where is Chibuking81


http://www.nse.com.ng/Financial_NewsDocs/25659_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_APRIL_2019.pdf

Mpeace:
I never get. How did you fill the space for shareholder number. I left mine empty.

Chibuking81:
It mightbe uninformed investors who have been caged for long time, and have been on their stockbroker neck to sell when ever there is an opportunity bail out, who will later regret when they find out. And by now they have not heard of their wonderful performance, but as long as this their result stand, with 8 kobo EPs and 3 kobo dividend, they are the best so far.
For instance.
1. Zenith at #22 with dividend of #2.50, and 100 unit of Chams at 20 kobo = #20 naira, 3 kobo dividend x 1000 = #3
2. Zenith EPs of #6.15, while Chams 8 kobo x 100 = #8