₦airaland Forum

Why is MTN prize not frozen on NSE like other PO's of the past ? It closed today at N169.2 That is 20k above PO price.

This means if one buys more than 5000 shares the accruing bonus shares will be limited tp only 250. What is the reasoning behind this limit ?. It should just simply be 1 for 20 no matter what quantity is bought.

klas:
MTN retail offer price is N169

Offer opens 1st December, closes 14th December

Minimum subscription is 20 shares and additional in multiples of 20.

There will be a bonus of 1 share for every 20 purchased, subject to maximum of 250 bonus shares provided you retain your purchased shares for one full year before selling.

faoogoke:
Must have foreseen NGX GROUP going to around N11 and hovering around that price range for a long while.

Meanwhile, I am also waiting.

He is not done offloading.

https://doclib.ngxgroup.com/Financial_NewsDocs/236_Share_dealing_Notification_-_Mr._Faruk_Umar_Indirect_Holding.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/236_Share_dealing_Notification_-_Mr._Faruk_Umar_Direct_Holding.pdf

.

emmanuelewumi:
The man is all over with Investments in about 90 companies on NGX and a number of private companies


He was a director at Union Homes with about 100 million units of shares, learnt he used the proceeds from Union Homes to buy apartments at 1004 Estate at about N12 million per unit

Knowing when to sell and leave a lower margin (lower reward) opportunity for a higher margin (higher reward) one spotted is the way to grow fortunes faster.

Sometimes the higher reward opportunities are glaring (often not available to everyone and sometimes available to those who look well). While many get complacent with their investments and hardly reassess if they are still worth holding in the face of better opportunities out there.

OBAGADAFFI:
Can someone explain what is meant here.
Since MTN shares are already listed on the NSE, is there any need for this



MTN Group Limited has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.

The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

Taking some further profits. Perhaps for use in new greenfield (higher margin) ventures in other countries.

emmanuelewumi:
Dr Faruk Umar na smart Investor with PhD in Educational Psychology. He also understands Investment and money psychology.

A popular stock market activist from Kano.

Remember when he sold 70 million units of his Union Homes Savings and Loans share for N6.00 many years ago, the rest is history.

Interesting. BIG jijo. That must have been a very fat loot with Union Homes Savings and Loans. And a small loot this time on NGX

sonofElElyon:
Yes but for how long? I'm in the bus.. seems driver and all passengers "no know road yet"

Driver dey do like danfo driver wey dey move forward small small like him one go. Then after a while reverse small as him never ready to go. Some passengers will rush in with the small small move forward thinking the bus is about to take off. Some will later get impatient and get down as they perceive the driver is not ready to take-off and other passengers take their seat.

Looks like N1.0 may be the new low resistance for Now.

https://doclib.ngxgroup.com/Financial_NewsDocs/236_Share_Dealing_Notification_-_Sale_of_Shares_by_Faruk_Umar.pdf

Non executive NGX director sells 800,000 units at N20

Transcorp resisted falling below N1.0 today. It instead bounced back from the N1.0 post Q3 low of yesterday.

longlife20:
Presco is better and cheaper
Presco eps q3= N3.65k. Year to date N13.78k from N5.03k, currently selling for N89
Okomu eps q3= N2.17k. Year to date N12.16k from N5.24k, currently selling for N135

Was surprised with the PRESCO N1.0 interim dividend due 19th. Will pencil buying more for the long term. This is my best performing stock over the last 15 Years delivering over x10 return in the period. And it was never one of those stocks marketed by stockbrokers.

Transcorp pulled back by 2 kobo today. Is the rally over post fantastic Q3 result. I thought it would be at 1.20 by now. This market

lexy2lexy:
Gurus in the house, is there anyone familiar with Presco? While looking through their fantastic 3Q numbers, I noticed their borrowings increased by about N7B during the quarter i.e. N15.1B vs. N7.9B. Just wondering why they will be doubling their loan burden when they are generating so much cash. Also the cash on hand at the end of the period is N15B

On this forum it was mentioned they are acquiring Okitipupa Oil Palm. Don't know the progress.

Why the volumes makes sense now. Na him dey play the game. If stockbrokers don't get customers to buy he steps in to mop.

lexy2lexy:
Leave Babs o, Alhaji that has been buying back Dang Cement shares.

megawealth01:
Alhaji sabi game oooóoo

Stockbrokers will continue to market it as a buy recommendation abi

That will not happen. Where will the excess unproductive cash to buy back come from to buy an over-priced asset.

lexy2lexy:
Don’t worry Alhaji will do share buybacks

Princkez:
I think yMcy56 is right, I remembered when I entered AP then @20+ and later sold @220....I will always follow him,Dangote and uncle T.

AP soared from about N40 in 2006 to N300 in 2008 and by 2009 pulled back to where it started at about N40. What a huge loot for some traders.

gtrader:
Nice move. He can now take a loan of same 30B naira and nothing will happen. Good move.

This is potential future risks for FBNH where such games have been on in the past.

Loading Transcorp. A bet for continued good fortunes for the common shareholders. Projecting minimum EPS of 20kobo for 2021. Fingers crossed for the 3Q results.

yMcy56:
E Ku first bank oooo
Mopped up to 12.25.........another batch to take it up from there.
Lol.

This buyer is bringing some smiles to the market

locodemy:
Patience is good oooo
Transcorp at #1.
The journey is about to start.

Wait make I enter the bus below N1 now. Abeg driver reverse small. This rush to enter bus wey driver dey move small small get as he be.

Princkez:
seems they are not oooo,infact their force is increasing

Who dem be and why dem dey buy. ??

By COB yesterday close to N17b has changed hands in FBNH transactions. Getting close to half of the value of transactions so far this month on the NSE.

Raider76:
Indeed. Only good earnings and dividend moves prices sustainably. I am waiting for the pull back.

Pray no pull back O

Waiting patiently for the 9 months results to be released in about 2 weeks plus the management conference call that will follow. Hope the analysts that attend the call will ask better questions and management will not dodge about. Their dividend needs to jump to not less than N1.00 for it not to fall below N10 rapidly. At least they should be able to afford N1.00 dividend. Doing less will cause serious pull back.

Reaching N20 will be a pleasant great record for an elephant . It will need a minimum of N2.0 dividend to keep it up there. Looks tough.

yMcy56:
FBNH
These guys aren't joking!!!
Over N3 Billion staked within 15mins of market opening.......@12
First bank may end up reaching N20 or more if it continues like this......

megamart247:
Im already sitting on a decent profit on FBNH. I think Its time to sell 70% of my holding in FBNH and buy more Transcorp.

Waiting for Transcorp Take-Off. Purchased stuck small at N1.3 and further at 0.95K this year.

BabsO2:
Stockbrokers in the house and all. Please who are those moving FBNH up and why. Is recovery coming from a huge bad loan or someone or group just wants to take up a bigger position.

Perhaps just some big fund taking more position like was done in October and November last year when about 2 billion units changed hand. Only 1 billion units has changed hands this September in an earlier start this year compared to last year pattern of huge acquisitions.

yMcy56:
First Bank is giving ACCESS faithfuls hope.......

Courtville: No one wants to sell again........@41k full bid

Stockbrokers in the house and all. Please who are those moving FBNH up and why. Is recovery coming from a huge bad loan or someone or group just wants to take up a bigger position.

PETERiCHY:
By this time next month TRANSCORP will be in cloud 9

BARGAIN HUNTERS TAKE NOTE!

Amin !!!!

megawealth01:
AccessBank taking more risks than needed

I think they are. And those in the boat need to understand the risk.

Mpeace:
I am suspecting Union bank purchase. Recall the major investor in Union bank had expressed an interest to divest, and Access bank happened to be one of those thought to have made an interest in taking over Union bank. Zenith bank was also named.
In any case, its normal and common for companies including banks to takeup and repay Eurobonds although they do often name their reason for such. Access did not name what they intend doing with theirs.

They should not need dollars to buy Union bank. Cannot see how they will get future dollar cashflow through such purchase in dollars to payback the Eurobond in dollars. But won't be surprised if a calculated risk is being taking for such purchase. GT has not paid GDR dividends. There are currency risk issues if business cashflow is not sufficient in the expected currency of a transaction.

https://doclib.ngxgroup.com/Financial_NewsDocs/34132_ACCESS_BANK_PLC%20ACCESS_BANK_PLC_ANNOUNCES_ADDITIONAL_.pdf

Access raising another Eurobond to add to the one they issued earlier this month.

Please does anyone know what these banks raising Eurobonds are using it for ? So that one can understand potential future risks (or possible gains) to those in the Access boat.

OBAGADAFFI:
If you meet the qualification date your dividend will drop.

Zenith don't disappoint.

Bought months before the date. If i don't see it today the registrar will have to explain to me what happened