₦airaland Forum

UCAP is shinning! Every dog has it's day!!

yom2:
if u are really in need of that service,and everything is at a stand still at that moment. u have no choice than to pay that token and bone story and long grammer. my Yoruba brothers ll say: won o ran ewa!!!

Bros, we are saying the same thing in different ways....unfortunately that's why it will be difficult to kill corruption in Nigeria. Simple things that are done easily/smoothly in other climes always have artificial road block in Nigeria because some wicked/lazy fools needs to dupe others of their hard earned money! #SAD

emmanuelewumi:
I don't have a problem with paying the money. But I have problem paying in cash, instead of paying into the stockbrokers account and making payments that won't be receipted.

I just wrote a mail to CSCS, copied SEC, CSL stockbrokers and FBN Securities.

Good job Bros! I wish most Nigerians will have the patience to follow up issues this way, lots of fraudulent activities will be cut-off. However, this is Nigeria everyone is in a hurry to nowhere, thereby emboldening the wicked perpetrators. #TOOBAD

emmanuelewumi:
The right will take place around Februaryry 2018.

Most companies allowed their rights to end just before the end of their financial year.

The financial year of Lafarge Africa and UAC will end in December. Guinness ends in June and the right was also concluded in June

The financial year of Flour Mills will end in March

Thank you very much!

Intendy:
stocks with new 52 week highs

ubn #7.91k

Berger paint #7.71k

nascon #19.50k

dangote sugar #21.50k

fbnh #9.29k

custodian #3.97k

Nestlé #1460.10k

no new 52 week lows

@Intendy, Bros any update on Flourmills Rights Issue? Do you know when it's starting as a Broker tells me they are not selling it...kind of confusing. Any idea on what the process will is or will be?

Agbalowomeri:
Guys chill out. Getting personal is not why we are here.

We can learn from one another

Oga/Sir currentprice share your opinion once or twice and move on.

Thank you @Agbalowomeri

Please guys we really learn from one another whether for or against let's move on....no need for hard feelings just play the game!

@currentprice is a valuable/utility team player on this thread and should post as many times as he likes, it's allowed.

@Cadillac15: another valuable team player should also post as much as he likes, it's also allowed.

Fellow Forumites whether Newsbies or whatever please plan your trade and trade your plan - be very watchful. Life goes on!

Please nobody should derail this very useful thread. ONE LOVE!!!!!

Agbalowomeri:
What percentage can crypto loose in a day

Culled from Traders Advantage:

Morning Commentary – Bitcoin $15,000

“It was just a short time ago that our little son seemed like an infant. Look at the pictures of him: just mere change on the floor; miniscule satoshi’s to be sure.” Ha ha! That’s what Mr. & Mrs. Bitcoin would be saying today as they looked upon the value of their currency-like son.
The wee-lad of a few cents per coin has grown into a redwood tree! It’s now a hulking mass of “money” all over the place. Last night the price of Bitcoin traded north of $14,000 on one of the most popular crypto-exchanges; however, just a few hours ago it already traded $15,000!
Will it pause before it makes another 100% gain? Or will it just make like a central bank-rigged stock exchange and close slowly but surely higher day after day? Hmmm, one wonders!?

From ZeroHedge we read the following:
One of the regions in the world with the most active Bitcoin community is South Korea where so many Koreans have embraced bitcoin that the prime minister recently warned that cryptocurrencies might corrupt the nation’s youth.
As Bloomberg reports, while neighboring Japan hosts more transactions by some measures, Korea punches far above its weight: In the 24-hour period through Wednesday evening in Seoul, about 21 percent of the world’s bitcoin trades on fee-charging venues involved the Korean won, according to Coinmarketcap.com. The country accounts for about 1.9 percent of the world economy.
As Korean policy makers grow increasingly worried that the mania has gone too far, the nation could become a focus for bitcoin traders around the world. Korea’s top financial watchdog, which briefly roiled cryptocurrency markets with its ban on initial coin offerings in September, said this week that it has “grave concerns” about overheated speculation and has formed a task force with other government bodies to increase supervision.
While it’s unclear what measures will emerge from Korea’s cryptocurrency task force, the government seems intent on acting. The tax authority is considering a levy on cryptocurrency trading gains, Yonhap News reported on Tuesday, while Prime Minister Lee Nak-yon warned last month that cryptocurrencies could become gateways to pyramid schemes and other illicit activity if left unchecked.

Like so many S&P500, Dow, and Nasdaq investors; Bitcoin buyers wonder if there will be a CONTINUATION of the current “Santa Claus” (never-ending) rally? An answer calls out from the mist that says, “Why not? If you just believe and click those ruby shoes together, you can go back to Kansas a mega-winner. So yes Scarecrow, it can go up forever!”
I would buy it too, but I’d rather buy a pull-back. Funny thing is – that never seems to happen in Bitcoin (and centrally-planned equities).

currentprice:
chai! my DF cross above 200% gain today at a price which still undervalue to currentprice

still baby to bigjay01 of 1000%

Not your cash yet o!....Na joke I dey o!

Intendy:
For the scan copies ,will confirm that tomorrow but I don't think it will be accepted.
Your broker can pay on your behalf , but from brokerage account that's left for your broker to decide.

All have been simplified. Since you know your alloted shares and money to be paid,just wire it to someone and the person will do the rest,print and fill the form submit to your broker or the registrar (cardinal stone in this case).

Better still call a reliable contact working with ur brokerage firm.

FURTHER UPDATE Scanned copy not accepted.

Just received in my email: Did anyone get this please, as I believe this should be public.
@Intendy it says scan copy acceptable....please reconfirm this info with your contacts especially for those not in town. Thanks.

Sent: Monday, November 27, 2017
Subject: LAFARGE AFRICA PLC RIGHTS ISSUE OF 3,097,653,023 ORDINARY SHARES OF 50 KOBO EACH AT N42.50 PER SHARE

Dear Investor,

Please be informed that Lafarge Africa Plc is issuing 3,097,653,023 ordinary shares of 50 kobo each to existing shareholders at an offer price of ₦42.50 per share to raise ₦131.65billion in a bid to expand its operations, boost its working capital and refinance a portion of its foreign currency denominated shareholder loans by way of a debt-to-equity conversion.

The Rights Issue is available to shareholders on the basis of 5 (Five) new ordinary shares for every 9 (Nine) ordinary shares held as at the close of business on November 01, 2017. The offer period opened on November 24, 2017 and closes on December 15, 2017.

Cardinalstone Registrars are also Receiving Agent in respect of the offer. You can make your payment via the account stated below:

Please find below bank details for payment.

ACCOUNT NAME BANK NAME ACCOUNT NO. MCASH CODE
CSRL/LAFARGE RIGHT ISSUE ACCOUNT FCMB 0137270766 *402*32922194*AMOUNT#

Also find attached Provisional Offer Form (Page 57 & 58). You can download the form attached, complete it (Pages 57 & 58), and scan back to us, or physically submit to our office at Cardinalstone Registrars Limited, FCMB Building, 85 Aba Road, By Garrison Bus Stop, Port Harcourt.

Closing date: December 15, 2017.

Thank you.

Intendy:
https://cardinalstoneregistrars.com

http://97.74.232.236/rightscircular/

download here

just search your name on the second link and download your entitlement.

Thank you @Intendy! Do you know if they will accept scan copies, also can one's broker make the payment from the brokerage account? Cheers Bro!

Looks like someone or people are taking over Tantalizers o, another Mr Biggs?...wish it could happen to RT Briscoe/Japaul/Wema etc!!!

Agbalowomeri:
suppose the buyer was paid to buy the stocks by the seller

#SMH

currentprice:
brov, i hve N19 on my bedsheet base on Q3 numbers

Wow...Interesting...Thanks @currentprice and Samguru! we watch for the right time.

currentprice:

Bros, what's your estimated fair price for Access Bank?

currentprice:
hope u know if Q4^{"Audit report"} numbers factor in... it could value up or down depend of the outcome of the report

We watch. Thanks Bro!

fxuser:
not a fan of d volume behaviour
n12 - 13 is demand area

Thanks Bro...me have medium to long term value (dividend) mindset not jijo. Just that most Nigerian companies/CEOs disappoint a lot.

fxuser:
prev support levels are good areas !

Ex:
i like
- fidelity at dis 1.60 level ( bought some and have bids lower also)
- transcorp too at dis 1.33 level (been buying from yesterday at 1.35 and today also )
Note: dis does not mean it may not go down further oh but timing a absolute lowest point before it reverses is a fool's game !
just have ur stop loss at a point where the trade does not make any sense to hold
-zenith at n22 (not there yet and may or may nt get there, we wait and see

i suffer from itchy fingers a lot loll, so if i spread my buys but i get carried away a lot too loll

@Fxuser, Bros could you check TA on NASCON and advise as above.
@Currentprice, could you help with the fair price. Thanks guys!

dipoolowoo:
SEC Expresses Worry over Low e-Dividend Enrolment
**Says December Deadline Intact
https://www.businesspost.ng/2017/11/14/sec-expresses-worry-low-e-dividend-enrolment/

Something that can be done in other climes with little or no effort.....Nigerian Banks and Registrars (with their usual wicked ways to may be profit) are making it very difficult for investor - too bad!

DeRuggedProf:
This is not about CILEASING:
You penned on my heart!
I love constructions, I abhor reconstructions.
PERSONALLY, I have it in my diary as one of my NON NEGOTIABLE trading rules to ALWAYS STAND ASIDE and give reconstructions their FULL RESPECT and SPACE.
No feeble being like me WILL EVER AGAIN stay under a roof that Julius Berger has deployed cranes above it... .
During reconstructions, buildings are to be left to the technical teams....
I was severally injured by debris in the past, I cannot afford a CRANE KNOCK OUT at my age!

De Prof himself! They say experience is the best teacher!! Who wan try you my bros

valentinenwoko:
See CI LEASING share reconstruction EGM notice

Looks like the directors were given a blank cheque...if they are sincere to the shareholders, they may do a good job for the company.
Nigerian directors hmmm - they may have already done what they want and this is just a formality who knows.....
Anyways, for those in the bus, you may just wait and see or bail out - vuuuuuuum, as was mentioned earlier in this forum.

BullBearMkt:
...I completely support your post above, but digress a bit on the bolded. Gaining 20%, 50% or 100% is not a bad idea at all. It all depends on individual investors/traders profit targets. A thorough and detailed due-diligent should be rewarded handsomely (if market moves in your favour).

What should be encouraged in any financial market is to have profit target (if market favours) and stop loss (in case your prediction is wrong).

I agree with you my good bros - take your profit out the table when it comes. Buy the dip (plunge) if you are long term on a great (value) stock.
However, they say "Don't fall in love with your investment because it won't fall in love with you"

Some do advise here that people should only put money they are willing to loose in the stock market. It's not because you will definitely loose it but just for one to be aware of the risk involved in the stock market. No stock is always 100% sure winner that's why DD is always advised. Emotions should be kept out of the market and if you want to succeed read books especially success stories but also failures of those who has been there so we can all learn. A good research will enable you buy a SWAN stock because even when the price is going down due to market forces you will console yourself by waiting for dividend. Again that's why a long term stock market investment outlook on a SWAN stock is also recommended by most savvy investors. As for CI Leasing and Caverton I think there will still be around for a long time but people should stop all these get rich quick (20%, 50%, 100%) mind set because it's not good for individual's health especially if things goes the other way on the short run! Just my thoughts. One Love

bigjay01:
Guys, e be like say UACN enter one chance for Livestock

How? Make we run fron UACN?

tritritri:
Forget all this..This is a BULLISH Period , Majority of all stock is screaming buy. some company has done 50-100% even with bad Q3.

This is bull period everyone enjoy.

What about NB! It needs help!

Never invest your money in the NSE or any market for that matter and go away...ensure to continuously monitor your investment. Don't depend/trust any analogue Brokers..run away fast from them now that online Brokers are available! Most Nigerian Stock Brokers are not fair to their clients....#IMO.

Is Dunlop still active in this country? Will it rise again? Person hard earned money dey suffer o!

BullBearMkt:
NB

Thank you Bros!

holm:
http://thenationonlineng.net/firms-trade-one-kobo-nse-begins-new-pricing-rules/

Experts, please do we have anyone in the forum who can explain in layman terms......how will this affect the market?

fxuser:
this forum is responsible for caverton's full bid (Tot Vol: 317k units )

@fxuser, please TA right time to enter NB/AFRRIPRUD/UCAP. Thanks Bro!

@BullBearMkt where are you Bro?

currentprice:
when you look at this NB latest report, one will regret of not loading Flourmil with life saving below N20 few months ago. if flourmil can continue their brilliant result like the current report by this time next year hmmmm,

what am i saying self,, NB is selling too much at discount N50 stock apology [/b]to those who have it. it just currentprice opinion o [b]and i have not look at other factors,, price might shoot up, xmas party is coming mr. mkt is the BOSS

Please clarify the discount you mean...what is the fair price.

currentprice:
i have to look at NB again because is not in my bedsheet yet

in my opinion based on Q3 numbers only,, ucap 5.30 , afripud 6.80 meaning selling at a discount at currentprice and by the time Q4 numbers added to this. chai! march/april next year go sweet be that

Can always count on you and this forum.....As usual we all understand the risk ! Thanks Bro!!

currentprice:
Diamond on road of 10% today

@Currentprice, Bros could you please give your opinion (fair price) and good entry price for
Ucap, Afriprud, NB. Thanks Bro!