₦airaland Forum

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28612_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf

Only goodness knows why this man is offloading
approx 100m so far.

RabbiDoracle:
You offloaded? are you not waiting for Agba's N20?

I offloaded Access. The proceeds will go to UACN (adding more)

currentprice:
so wapco has overtaken DS in price Next is flour mil

not everbody thatz walking fast have an appointment

CP like stock mkt sha

i once told you i love your b/sheet (I am str8 btw).

make u share something from that b/sheet na

Agbalowomeri:
Pa Ewumi and Bigjay sef don join smart long-termers
Una welcome on board

Na so ignored all the -ve news surrounding Oando. watched it get to #30+ then down to its present price. I should have exited when Pa Emma did. I never knew i was dinning with devils so I turned up with the wrong size cutleries.
No more romance with stocks, in the past I would have ignored such moves by HW all in the name of long-term. Thank goodness for the new disclosure climate prevailing in NSE. I would only ask that they make such disclosures more timely. Over here, such dealing would be disclosed same day. Good steps forward nonetheless.

emmanuelewumi:
Access Bank lost over 6% today, I think this is the beginning.

Might lose 20% by the end of week.

offloaded at an average of #10.5. Wishing a very good retracement in UACN

PETERiCHY:
Life na turn by turn.
Now is the turn of LARFAGE/WAPCO on or b4 weekend we go stretch leg @N21junction.

be rest assured that yours sincerely is there.
average of #15ish
let the ride continue

I have just depressed the share price of ACCESS (Sold)

Took a small hit. The hit came from DB portion of the consolidation with ACESSS. The Access bank portion returned near 90% profit.

I hate to hold cash, so I'll seek to increase my UACN holdings. This move may prove to be a masterstroke! UACN is expected to return at least 70% from here. Could ACCESS have done 70% from here?

Time will tell - i get am plenty

RabbiDoracle:
The same guy issued a statement to investing community on NSE that they are not buying diamond Bank. Whereas they were mopping on the floor.

Later they issued another statement that they have bought Diamond bank.

Come one, you know better than that!
He couldn't have confirmed the purchase of DB when the final details of the deal had not been ironed out.
Moreover, regulators (SEC, NSE) must be notified and their their approval received before releasing the information to the public.

RabbiDoracle:
My friend, Jejebaba, had to connect the dots to me yesterday. Then I knew that people had bought monkey!

Thank God I issued a sell on stocks.

The next question is , where are the other volumes in other Banks coming from? Why are FPI selling?

If you buy with Naira and they buy with dollar, they have 360 times your buying power!

Your call was more of a technical call than fundamental one.

HW selling his shares raises a fundamental and not a technical question.

RabbiDoracle:


But this news had been in the air since, how come people are just reading meaning to it now?

We only knew about the 55m earlier. This one na another one. Hence, the concern.

nna777:
This your stone. e get as ebi oo

Just trying to point out that the info (disclosure) only started coming out after they bought.

nna777:
It's good to look at things from as much perspectives as possible.

So my question is Before the PFAs and other institutions bought into Access shares few weeks ago, don't you think they must have done their due diligence before investing?

I don't think we should throw the baby and the water together.

Maybe they should have asked HW if he planned to offload?

emmanuelewumi:
Few weeks before Oando declared the record loss after tax of N220 billion about 3 years ago, billions of Naira equally entered the stock.

Wale sold some of his shares before the result was made public, thank God for the closed period introduced by NSE and better disclosure compared to what was obtainable in the past

That must be the only reason they postponed the closed period (to offload).

nna777:
Are you sure this is the right call?

The funds that have entered Access alone in 1 week is in excess of 2 Billion oo. Don't you think that's a pointer to something.

Would those funds still have entered if they knew that the oga at the top was offloading 83m+ shares? (?more sell disclosures coming)

#RandomThoughts
#RandomMusings

emmanuelewumi:
I will advise guys to sell there Access Bank shares, I sold half of my holdings last week. I will sell half of the remaining tomorrow.

The effects of Diamond Bank acquisition is affecting Access Bank. The closed period and board meeting was extended because they might be having issues with the auditors.


The timing of the sale by insiders is wrong

better safe than sorry

According to Peter Lynch (One up on wall street), management selling shares in companies they manage is a RED FLAG!

Tomorrow, I will sell all but 5k shares.

#SmartLongTerm

rebekah2011:
In a saner clime, that move in Diamond Bank should have earned him a sack from the Board. But this is Nigeria and anything goes.
http://www.nse.com.ng/Financial_NewsDocs/28609_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf

83m shares and counting.
Please tell me there isn't more toit than meets the eye!

OakPearl:
I can't claim to be sure as it remains an unending speculation.
With Herbert, everything is possible.
Funny thing is we are unlikely to know when he buys them all back and even more than he sold.

is it this bad?

On transnational bank website, it clearly states that their parent is Access Bank group

onegentleguy:
PATIENCE !!

I get am plenty

AIICO, AIICO, AIICO

cum on na, i don de wait tey tey

Mcy56:
The land is green on the average ............so far................we keep observing how it goes....

yes ooo, but the green de smell and look one kind.
e no too gidigbam

ukay2:
When you sell too, what of the broker, cscs, sec charges?

Not more than 3.5% max. You do the maths

ositadima1:
I am a newbie o, just read small. I didn't even add the broker's fees about 2.5% for a close cycle of buy and sell.

U go come lose 10% of the dividend in the name of tax.
Selling before markdown makes a lotta sense. However, we have seen a lot of times when the stock gains str8 away the next day after markdown.

Bomboclad:
I think you would be fine long-term. I am watching a strong support at N9 but some other index show a strong upward signal. I am watching closely.

trw-stockbrokers.com quoted the support at 7ish. See attachments

emmanuelewumi:
Please what is my disposition?

What would be the disposition of someone mentored by late pa Asalu? The answer lies within you na

emmanuelewumi:
Used to play table tennis with him, when he was living at Oshodi before he bought a house at Ikeja GRA

Waooo, no wonder you have this disposition towards share investment

emmanuelewumi:
Very important to have a very good risk management system in this stock business.

Because of what my mentor told me, I never made the mistake of putting a Kobo in any of poor offerings the guy marketed. But I enjoyed his yarns on radio, television and the articles in his newspaper

Late Pa Asalu (RIP)?
Did you know him personally?

Agbalowomeri:
Nobody buy for this platform at that price

i bought some at less than that.

though i didn't buy at 4.55, i bought from 7s down to 5s before my gun powder ran dry.
when i reloaded from Seplat the thing do jump back to early 7s

kolaish:
Just 50,000 units is required to move the stock and not the bolded.

the real money bag.
buy and go away.
doesn't bother with newsflow

Mcy56:
Dividend hunters gradually taking position in UBA, Zenith, GTB and Fidelity.
FO........needs 100k to move its share price up by +10% for today. 100k bid on ground at N19, needs attention.
Investors skeptical and playing safe at fcmb, bids queue up bleow 1.90

Caveat: This is purely based on observation as trading is ongoing.

Updated: FO moved to N19 already. ...............
I dey suspect someone here Oga bigjay or Prinkez or jamace Abeg na joke o.

no be me, I took position @15ish tey tey.
am ready to play the long game.
someone sold at #66, i must follow

UACN

am I seeing a breach of our #11 support?

technician abeg, make una help

it might be instructive to watch...

https://www.cnbcafrica.com/videos/2020/01/10/bua-cement-now-3rd-most-capitalised-company-in-nigeria-on-nse-listings/

http://www.nse.com.ng/Financial_NewsDocs/28560_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_JANUARY_2020.pdf

Looks like FBNH will release her audited results on time this year.