₦airaland Forum

Agbalowomeri:

Sweet to some. Disgusting to others

mikeapollo:
They want to raise N500b through the issuance of 10billion shares. My calculation gives me N50 per share, unless I am mistaken.

From the picture attachment by Bagwa, converting $300m into shares is also on the table.

It is clearly stated that the price to be used will be determined through book building and other means.

It can be safely assumed only 10 billion new shares will be issued even if $300m of debt is converted into shares along with a fresh N500 billion being raised. This could imply a price of N100 possible if supported by the book building or other valuation method used. Think N50 is damn too low for use. It won’t be the smartest thing to do. Look at UBA they know the market is depressed or fearful in valuations and won’t do rights on just any low price

I think N50 is damn low

mikeapollo:
So they deliberately manipulated Oando share price to N50.25 (as at Friday 18-Jul-2025) so they could use N50 per share in the notice of AGM for the raising of N500bn additional capital.

Has the price for the capital raise or debt conversion been determined and stated or you are just making assumptions that N50 per share will be used?

UBA has left ACCESS behind for these two reasons amongst others.
1. UBA raised its first recap at N35. While ACCESS did its raise (rights and po) at sub N20.
2. UBA will complete its capital raise at N50 very soon.

These two reasons support a more robust book value per share for UBA following mandated CBN capital raise. While book value per share for ACCESS has been severely watered down. Thus ACCESS is fundamentally behind UBA post capital raise exercise.

However some or perhaps many investors will still have an illusion that they are still mates and this can technically raise market price of ACCESS to play catch up with UBA. But how many bullion vans do such pockets have.

With time both ACCESS and UBA will go further up. But UBA will likely stay ahead of ACCESS.

Mpeace:
UBA need to maintain their stock price above the rights issue, except if they want pple to keep buying from the market rather than the rights.
Why should I buy RI at 50 and wait three months to be credited, when I can simply buy the same stock at 46 on the floor, get credited immediately and enjoy the next dividend payout

The rights are designed for very heavy money that cannot be fulfilled on the floor quickly. Heavy money to fulfill CBN capital raise mandate without undue dilution.

jonnysessy:
Access Bank is the first to complete and announce their recapitalization exercise. They now have about 53 billion OS which i believe is huge. I feel the apathy towards the bank is poor dividend. But, my projection for the bank is that it should be at par with UBA, i know some day they will play catch up. But, if UBA succeed in this final recapitalization exercise it will have about 44 billion OS which still gives UBA an edge over Access.

Tony has done very well for shareholders concerning the mandated CBN capital raise by not diluting their shares any how in this relatively underpriced market of low PE’s. Especially in view of the huge amount CBN mandated UBA to raise. And it’s rights all the way to give shareholders priority to pick more units and fencing non shareholders from the exercise of getting UBA cheaply through the mandated capital raise. He should continue putting shareholders first by progressively increasing dividends.

Olaide1295:
What are your thoughts on this?
cc: @emmanuelewumi

My thinking is that if FBNH is stoked up, we will see a general bull in other FUGAZ so far the fundamentals are good.

Thanks for this. What does SOL stand for. FBNH got too many reds in the picture.

Ibrahim505:
The volume in UBA share purchase today and the total number of bids after market closure is a good indication of institutional investors interest in the stock.
We keep riding

Nice bull.
With NB amongst the three banks (UBA, Zenith, Access) with these huge volumes, indeed suggest institutional investors entering the market. I hope they are mainly Nigerian and not foreign ones. Especially Nigerian ones moving from money markets with falling yields. This may even happen more if their money market bids are rejected. So which of these is happening or what else is happening if something else?

SonofElElyonRet:
Like me.. I have left Oando for those who can handle it.. O koja agbara mi

Topped up more Oando at N54 to replace what I sold at N90 last year.

PETERiCHY:
Some of us PULLED about 40% profits from some of the so called JUNKS STOCKS and still went to QUEUE for TOP-UP on our FUNDAMENTAL STOCKS.

In this GAME follow the MONEY 💰 and be SMART about IT..


BARGAIN HUNTERS TAKE NOTE!

Bought similar volume of Access at 22.35 and 22.4 yesterday as it is the cheapest bank stock at the moment. This your 22 is serious bargain hunt.

KarlTom:
Book some profit with ELLAH.

The tide is slowing down...until a news gives it fresh momentum

Waiting for a higher low of N7

megawealth01:
Holding stocks isn't easy sha... That's how my COSTAIN went off the air but I'm wiser now

I have Costain. Also have Starcomms, UNIC & DUNLOP

There are all kinds of knowledge. Information / Knowledge is Goood

1. FA for long term investing,
2. TA+SA+ whatever gives you info for imminent turnaround ahead of the curve for short/medium/long term speculative trading/investment.

I have come across 1's and 2's on this forum and hugely contributed to contributing to their pros and cons of selected ones.
Thanks to everyone that shares his/her thoughts here. Left for each investor to do his/her due diligence.

megawealth01:
ELLAH must be stopped by all means

It needs to reverse back to a new higher low of 7 biko

megawealth01:
C and I Leasing. We are watching closely if you will perform BETAGLASS wonders as Deprof's friend predicted

He predicted 150. It looks crazy sha but NGX is a game.

C and I Leasing fit surprise this market sha

Good sport (game) for the early birds who have enjoyed bonus and still got upward price rise despite bonus shares. Some stocks returns are real GOOD.

EDUECO:
They are raising funds that they are either going to mismanage or embezzle.

One of the risks of investments. The risk is even higher when a company doesn't have good records of deploying resources efficiently to generate good returns.

StanbicIBTC seem to have messed up today with the web stockbroking application. They have had poor quality service this week with contract notes not issued promptly, outstanding orders notification not issued promptly and trades not issued promptly. Messy service this week. Then today they just started selling a share I already sold earlier in the week all over again without a new sales instruction. What a mess

They have done a mess like this some time in the distant past. Shocked to see such a mess again. One of the risks with brokers and IT systems

DeRuggedProff:
I love this game!

Stock betting

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +6.97%

Was contemplating picking more Oando at sub N50 should it drop below N50. Afterall what one buys now has no 1 for 12 pickin like one bought before Jun 30th.

sterlingD:
From the attached they will be moved to be listed as shares on LSE

https://doclib.ngxgroup.com/Financial_NewsDocs/44450_GUARANTY_TRUST_HOLDING_COMPANY_PLC-GTCO-NOTICE_OF_CANCELLATION_OF_LISTING_OF_GDRS_CORPORATE_ACTIONS_JULY_2025.pdf

Thanks. So it will be like nothing changed for GDR holders. And we will continue to get $ dividends without interruption.

Ellah’s book keeping and report presented to NGX is of low quality. They need to improve on it going forward. is in a good growth sector so I started buying last year at N4. Also bought this year between N3 and N3.5 Have since sold a third of my holdings while still keeping the rest. I sold what I sold to take profits and reduce risk in view of the planned huge N250 capital raise plans before gaining strong momentum from the turnaround that seems to have started. Keeping a large chunk of holdings as comparative advantage favours Ellah as already demonstrated by PRESCO and OKOMU.

Sunrisepebble:
GT will be dual listed. Find below:

If the GDR which GT raised in 2007 is cancelled and delisted, what happens to holders of the GDR’s. Will their money be returned or their shares listed on LSE or moved to NSE depending on residency or what ?

aj8:
Ella Lakes is just 5 years old under this new management, a year plus of which was under Covid. The old Ella was insolvent till taken over by young brains that share the belief that something good could come out of Nigeria. These brilliant ones should be celebrated. Had it not been for this lifeline, those who had invested in the company would have lost all. Chuka Mordi has all it takes to turn Ella Lakes into the pride of Nigerians. I only wish he would be less economical with information. NIGERIA can be better. N250 billion will not only lift Ella Lakes but lift Nigeria if used to develop the land banks and their special agric processing zones. It's a noble project. May she succeed with all our support.


From our National Anthem….

O God of all creation,
Grant this our one request,
Help us to build a nation
Where no man is oppressed
And so with peace and plenty
Nigeria may be blessed.

Amen.

Lovely.
Pray the company is working aggressively towards the $1T economy.

SmartInsure:
Market overview for today

Excellent summary pictorial. !!

Please confirm the size of the rectangle is proportional to the market capitalization of the stock. Likewise size of sector rectangle is proportional to size of sector capitalization.

EDUECO:
Baba don abandon ship to avoid story story.

Just sold about a 3rd of holdings and still retaing two thirds.

Could Ellah be coming out with upwards review of Biological Assets?
Has the 3T oil mill started?. Ellah should notify the market of the commissioning.

Perhaps these two are under-pinning the price rally. Though I am not a trader but an investor, I booked some profit today primarily because of the uncertainty around the HUGE capital raise.

SonofElElyonRet:
Japaul raising N500b, double that of Ellah

It's for the $1T economy. BIG funds are needed.

megawealth01:
Who has gotten the first tranche, abi na even 3 years MAX we go wait to get an sef?

It could take up to 3 years to get it from that statement. Think it's better both tranches are released before the end of this year.

megawealth01:
Make Wale give us our first right na

Him no want confusion of longer throat investors, of wanting to get another 1 for 12 from the Tranche 1 they just got.

Omooloriredade:
Tax credit explained in Press release. It's from the reversal of corporate income tax provisions from prior years.

And why is it now justified to be reversed?
Covering for one-off major expenses like repairs of pipelines or one-off restorations makes sense, in order to project stable profit numbers which management believe reflects the underlying performance of the business.

yMcy56:
OANDO
Press release on Q1 2025 result....

https://doclib.ngxgroup.com/Financial_NewsDocs/44340_OANDO_PLC-OANDO_PLC-PRESS_RELEASE_-Q1_2025_UAFS__CORPORATE_ACTIONS_JUNE_2025.pdf

It's very clear on the last page that the same number of shares will be distributed in Tranche 1 and Tranche 2 with qualification dates of 14th February 2025 and 30th June 2025 respectively. Since it's the same number of shares, Tranche 1 cannot be distributed till after 30th June, in order to prevent confusion. And it is 1 for 12 shares held on the qualification dates that will be distributed.

otokx:
That total in addition for Q1, 2025 appears short by 1, why the hurry that the presentation could not be proof read, though it may be immaterial.

Perhaps if you see the decimal points you will see its simply rounding and perfectly accurate !!