Chibuking81's Posts
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 Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:48am On May 15, 2019 |
My question is this, those who are discouraging others not to buy mtn, will they buy tomorrow? If the answer is yes then they are being selfish. Yes the price might move up or down after listing, even our Zenith bank, UBA and others do move up and down. Tomorrow they will be the first to jump in and after the price might have move up, the same people will start encouraging others to come in, I still maintain that stock will nosedive today in preparation of mtn listing and welcome tomorrow  , many will still bail out to get more cash ready to jump into mtn.  |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:41am On May 15, 2019 |
http://www.nta.ng/news/investment/20190515-nse-clears-mtn-for-listing-in-nigeria/ NSE clears MTN for listing in Nigeria 0Domestic, Economy, InvestmentMay 15, 2019A+A-EMAILPRINT MTN on Shares The Nigerian Stock Exchange (NSE) on Tuesday finally approved the listing of MTN Nigeria shares on the nation’s bourse. A senior management at the NSE, who pleaded anonymity, told the News Agency in Lagos that MTN Nigeria application for listing was approved on Tuesday. The source said that the company, barring unforeseen circumstances, would be listing a total of 20, 354,513,050 at N90 per share on May 16. The source told NAN that the company had completed all the necessary steps required by the exchange for listing which led to the approval. NAN reports that MTN Nigeria shares, when listed at N90 per share, will emerge the second largest company on the nation’s bourse after Dangote Cement with market capitalisation of N1.83 trillion. The Securities and Exchange Commission (SEC) recently confirmed the approval of MTN Nigeria application to be listed on NSE by way of introduction. Mrs Efe Ebelo, SEC Head Corporate Communications, said that the commission had approved the company’s application to be listed on the nation’s bourse by way of introduction. She said that the company had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the commission. NAN recalls that MTN Nigeria on May 6 filed an application with SEC and the exchange for listing by introduction. MTN Nigeria recently changed its status from a private company to a public liability company (PLC) ahead of its listing on the exchange. NAN reports that the conversion was one of the requirements for listing on the exchange. The company had previously announced that it looks to list on the NSE before July, saying it plans to enter the market by way of listing by introduction. Speaking on the conversion, Fredi Moolman, MTN Chief Executive Officer, said the listing was part of its commitment to localisation in the markets in which it operates. “Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019. “It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them. “We look forward to continuing our engagement with the SEC and NSE to take forward the listing process,” Moolman had said. NAN reports that listing on the NSE was one of the conditions reached in the resolution of a N330 billion fine placed on the telco by the Nigerian Communications Commission (NCC) for its inability to disconnect improperly registered SIM cards. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:45pm On May 14, 2019 |
stcool:I don't have so much trust on them, but market reaction always take place in new listed stock like this at first time, after which the stock will find their level either up or down. In NSE anything is possible, so I don't attach much love in any stock, but always watch my investment. On the availability of the stock after listing, I believed that it will be much available at its introductory price, at least the first day, and maybe for some days before the movement of it's up or down will start. 20.3billion shares are expected to start trading this week Thursday next tomorrow @ price between #80 - #90. It's indeed a whole lot of share, you can't introduce something and hold it up without releasing it for people to have an access to. Read more: https://www.dailytrust.com.ng/mtn-to-list-on-nse-thursday.html |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:35pm On May 14, 2019 |
Market has close today, tomorrow we shall see the direction of the market. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:03pm On May 14, 2019 |
samguru:But their price will go up before any result whether funny or not funny, which will determine their new direction. Offloading might still take place before today closing NSEM, but tomorrow offload will be more. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:01pm On May 14, 2019 |
PallyG:This news from daily trust shows that their listing is on Thursday. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:59pm On May 14, 2019 |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:46pm On May 14, 2019 |
Tolktob:Am not God, but child of God |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:42pm On May 14, 2019 |
walcolm:If your interested get ready for your copy, whether by introduction or by definition you will see your copy to buy. That why a lot are waiting and getting ready to buy. As usually many will argue with me, but before you know what is happening they will be the first to jump in, this is Chibuking talk again, it will soon come to pass, just wait and see. |
| Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 12:32pm On May 14, 2019 |
https://punchng.com/n30000-minimum-wage-fg-to-inaugurate-implementation-committee-on-tuesday/ N30,000 minimum wage: FG to inaugurate implementation committee on Tuesday Published May 14, 2019 KINDLY SHARE THIS STORY Minister of Labour and Employment, Dr. Chris Ngige The Federal Government will on Tuesday in Abuja inaugurate the N30,000 new national minimum wage implementation committee, almost one month after President Muhammadu Buhari signed the bill into law. Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage. Ngige did not state when the government would start payment but said that arrears would be paid anytime implementation of the new wage began. He said there were still processes and procedures the new wage would undergo before the commencement of its implementation, even though it had been passed and signed into law. ”It is a whole process and the salary and wages commission will do its job before implementation,” the minister said. He said that the committee was made of seven ministers with the Head of Service of the Federation, Mrs Winifred Oyo-Ita as Chairman. The minister said that those at the lowest cadre of employment whether in the public or private sector would earn N30,000 as the law provided. He said however for the cadre of workers already earning above the minimum wage, there would be a consequential adjustment from the top. Ngige added that the relevant agency of government would soon issue a circular on the expected adjustments. Meanwhile, Mr Ayuba Wabba, the President of the Nigeria Labour Congress, has expressed worry over the delay in the commencement of the implementation of the new wage. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:24pm On May 14, 2019 |
rebekah2011:At least it will be traded officially in the NSE flour, and the CEOs will buy more. Watch and see how market will drop tomorrow if mtn is listing on Thursday, many here will buy if not all, including those that from their own point of view seen negative part in their listing will jump in. Even if the mtn price will fall after their listing, traditionally from previous experience it will move up to 20/30% upward before coming down. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:15pm On May 14, 2019 |
Coolcash1:Hope you will load if it comes to junction between today and tomorrow? If yes get ready to load. :I |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:10am On May 14, 2019*. Modified: 2:34pm On May 15, 2019 |
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| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:29pm On May 13, 2019 |
onegentleguy:I need no prophet to tell me that FCMB and Fidelity will come down at their current price, even go down more, when I witness the price of Nestle @1,300+, Seplat #500, GTB #30+, Zenith #19+, and the end of the fall seen not insight. They are all at the same mission. One will keep on exchange vehicle once a particular stock present better opportunity one can easily jump out and jump into stock with better offer. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:22pm On May 13, 2019 |
onegentleguy:They are good and wonderful entrance, but come to think of it, what if it's the CEOs that are giving it out to pursue another business in NSE, because the rate of offloading can't come from only the members here, or ordinary member. And it's similar to all the big companies like Nestle, Seplat, GTB, Zenith, etc. Will it be bad to pursue the same business opportunity they are waiting to grab? |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:50pm On May 13, 2019 |
austinkenneth:ASI, is shading its shape to welcome mtn, once they listed ASI will rise close to 35,000 or thereabout. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:46pm On May 13, 2019*. Modified: 3:16pm On May 13, 2019 |
This one bear is raining like rainfall in the market since last week most especially today, is like mtn will be listing tomorrow. Am sensing a lot bailing out including CEOs of many companies, getting ready to grab mtn share. And this they do by offloading with style. GTB, ZENITH, AFRIPRUDENT, UCAP, UBA, ACCESS, Nestle, etc. My mind keep telling me that they were all getting cash ready to take their position in the mtn share. If that is true, once mtn listed tomorrow, bear will stop, but if their listing reaches Friday bear will continue till Friday. I see no bad news that brought about the current bear, if not since mtn news show up, and they are likely to be listed this week. Irrespective of any good or bad view we have toward their listing, they are big time firm second to Dangote Cement if listed in the market at price between #80 - #90 going by report. http://naija247news.com/2019/05/11/mtn-nigeria-may-trade-shares-at-n90-per-unit-on-nse-with-market-caps-of-n1-832-trillion/ |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:57pm On May 10, 2019 |
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| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:56am On May 10, 2019 |
Jerekre:Are you afraid, even if it drop to #18 this time buy more, be hundred % sure that it will sale for above #30 this year, on or before December. ( Then you can sell, but the problem is, will you want to sell then  ) more money is needed to buy more of sound fundamental stock which must surely deliver.Access and UBA will still sale for above #10 this year. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:55am On May 10, 2019 |
Those who sold their sound fundamental stocks to wait for mtn, might later regret it. Nigeria is where everything happened, no foreign investors invested in another country economy to in rich them, but they invested for their sole/personal interest, the invested to tap not to give. For years now when voice call dominated telecommunication business NSE was begging mtn to list and they decline, but these days, bundle/data service has started gaining momentum and glo and airtel are leading in this service, voice call are been relegated and mtn has accepted to list in NSE. Personal I buy more of data than recharging for voice call in a month, and glo and airtel has better offer than mtn, unless they are ready to compete. Personally, it will be better to see their result after listing to know their direction, report from other country shows that they are facing challenges, am seen overprice listing. We should apply caution, I am interest in their share, but will like to see their dancing step first. 5 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:27am On May 10, 2019 |
https://www.iol.co.za/business-report/companies/mtn-sas-prepaid-service-revenue-down-51-22970890 MTN SA’s prepaid service revenue down 5.1% COMPANIES / 10 MAY 2019, 08:00AM / DINEO FAKU MTN South Africa’s prepaid service revenue fell by 5.1 percent on out-of-bundle price reductions and a challenging economic environment, the company said as it released its quarterly update yesterday. JOHANNESBURG – The recent Independent Communications Authority of South Africa (Icasa) regulations for out-of-data bundles has hit MTN South Africa’s service revenue in the quarter to March, the company said yesterday as it prepares to list its Nigeria unit in Lagos later this month. MTN South Africa’s prepaid service revenue fell by 5.1 percent on out-of-bundle price reductions and a challenging economic environment, the company said as it released its quarterly update yesterday. “As previously communicated, we expect that prepaid service revenue will remain under pressure for a few quarters, before we see recharge resilience and changes in customer behaviour drive up in-bundle service revenue,” the company said. Icasa’s regulations require that there will be no automatic rolling over to out-of-bundle data charges when bundles run out. Users will be allowed to proactively opt in to out-of-bundle data charges in order to stay connected, even if airtime is available or they are on a contract. Last month MTN and competitor Vodacom received flak from the Competition Commission, which accused them of charging higher data prices in South Africa than they do in other markets. The company said it would submit its response to the findings and recommendations of the Competition Commission in its data services market inquiry next month. “We remain of the view that significant reductions in data pricing have already been implemented subsequent to the data analysed in the report, that the urgent release of high demand spectrum will result in lower cost of data services, and that there is a viable wholesale market that enables smaller operators and mobile virtual network operator to provide compelling propositions to their customers,” the company said. Service revenue in South Africa grew by 4.6 percent in the quarter. However, MTN lost 1.2 million South African subscribers in the quarter under review to 30 million from 31.2 million at the end of December. Prepaid subscribers fell to 24.1 million in the March quarter from 25.3 million at the end of the December quarter. MTN Group chief executive Rob Shuter said the company had met its medium-term revenue growth target by delivering 10 percent year-on-year growth led by strong operational performance in South Africa, Nigeria and Ghana. “We are encouraged by the operational progress we continue to see across the business, supported by the network roll-out we achieved and enhancements to the propositions that we offer to our customers. In South Africa, we implemented changed pricing for pre-paid propositions where we reduced, materially the out-of-bundle tariffs, making data services more affordable.” Peter Takaendesa, a portfolio manager at Cape Town-based Mergence Investment Managers, said yesterday that results were a mixed bag. “MTN managed to offset the weaker service revenue in South Africa helped by the contribution of roaming traffic from Cell C,” he said. Cell C customers are roaming on MTN’s 3G and 4G/LTE networks after Cell C implemented its roaming agreement with MTN South Africa last year. MTN shares closed 2.93 percent lower at R100.42 on the JSE on Thursday. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:06pm On May 09, 2019 |
https://www.thisdaylive.com/index.php/2019/05/09/buhari-nominates-emefiele-for-another-term/ Buhari Nominates Emefiele for Another Term May 9, 2019 12:29 pm0 President Muhammdu Buhari may have nominated the Central Bank Governor, Mr. Godwin Emefiele, for a second term, THISDAY checks have revealed. It was gathered Thursday morning that the President sent a letter to the Senate President seeking the confirmation of the Senate of the nomination of Emefiele in line with the CBN Act. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:33pm On May 08, 2019 |
Mtn listing might come up by month of June. Or can it be possible this month? |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:22pm On May 08, 2019 |
Michael11stock:https://www.thisdaylive.com/index.php/2019/05/08/breaking-news-sec-approves-mtn-listing-on-nse/?amp Breaking News: SEC Approves MTN Listing on NSE By editor - 3 mins ago The Securities and Exchange Commission (SEC) has said that it has approved MTN Nigeria’s application to list on the Nigerian Stock Exchange (NSE) by way of introduction. The SEC Head, Corporate Communications, Mrs Efe Ebelo, confirmed this to the News Agency of Nigeria (NAN) in Lagos. Ebelo said the commission has approved the company’s application to be listed on the nation’s bourse by way of introduction. She said that the company has successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the commission. MTN Nigeria had on May 6 filed an application with SEC and the exchange for listing by introduction. SEC recently said that it received an application from MTN requesting registration of their existing securities. “They have applied for listing by introduction which will enable the company to be listed and allow shareholders sell their shares on the floor of the exchange,” Ebelo said. The SEC Acting Executive Commissioner, Corporate Services, Mr Henry Rowlands, told NAN that the commission was committed to work with MTN Nigeria. “SEC is committed to work with them, when they list by way of introduction naturally it will translate to public offering by and large. “It’s better that they come to the market even if it’s by way of introduction because it will encourage other service providers to access the market,” Rowlands said. Reacting to the approval, the Chief Operating Officer, InvestData Ltd, Mr Ambrose Omordion, commended SEC for the speedy approval. Omordion said that MTN Nigeria July target for listing would be feasible with the approval, noting that the listing might be concluded before the target date. NAN reported that MTN Nigeria recently changed its status from a private company to a public liability company (PLC) ahead of its listing on the exchange. The conversion was one of the requirements for listing on the exchange. The company had previously announced that it looks to list on the NSE before July, saying it plans to enter the market by way of listing by introduction. Speaking on the conversion, the MTN Chief Executive Officer, Fredi Moolman, said the listing was part of its commitment to localisation in the markets in which it operates. “Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019. “It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them. “We look forward to continuing our engagement with the SEC and NSE to take forward the listing process,” Moolman said. The listing on the NSE was one of the conditions reached in the resolution of a N330 billion fine placed on the telco by the Nigerian Communications Commission (NCC) for its inability to disconnect improperly registered SIM cards. (NAN) |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:46pm On May 08, 2019 |
Is like some people are selling their share to get ready for cueing up of mtn share? That I observed but modality of their listing can push their share either up or down after listing. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:33pm On May 08, 2019 |
ndidigood:@ their current price, cham has tried. Comparing it's final year result with Zenith bank., using the cham current market price. 1. Cham (50 kobo x 100 = #50) (EPs of 80 kobo x 100 = #8 )( Dividend of 3 kobo x100 = #3) 2. Zenith: let assume Zenith at #25, meaning (Zenith #25 x 2 = #50) (EPs of #6.15 x 2 = 12.30) ( Dividend of 2.80 x 2 = #5.60) Access bank seems to be another good stock in sight goes by their earning, but their separate 2019 q2 result, which will include the addition of constructed outstanding share of former Diamond bank that will participate in sharing of their earning will give us their direction. UBA is also among the best considering their current price. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:11pm On May 08, 2019 |
austinkenneth:Did you accommodate dividend payment? How much dividend has Zenith, GTB, UBA, UCAP, ACCESS paid since then in percentage? Some have returned times two of their initial capital. 3 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:20am On May 08, 2019 |
wanaj0:Meaning, the existing shareholders share will be brought forward when listed. Please does anyone have idea of their existing shareholders, per a unit share price in naira? And their 2018 final EPs and dividend paid per a share? |
| Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:31am On May 07, 2019 |
https://t.guardian.ng/appointments/civil-servants-urge-government-to-begin-negotiation-for-new-salary-structure/ Civil servants urge government to begin negotiation for new salary structure By Gloria Ehiaghe 07 May 2019 | 4:12 am The Trade Union Side (TUS) of the Joint National Public Service Negotiating Council (JNPSNC), has called on the Federal Government to kick-start negotiation with the Joint Council on the issue of consequential adjustments and produce a fresh salary structure in line with the new national minimum wage. Chairman of the TUS, Abdrafiu Adeniji, and Secretary, Alade Lawal, emphasised that now that the N30,000 monthly minimum wage bill has been signed into law, millions of workers especially civil servants, were hopeful that implementation of the new salaries would commence immediately. According to the labour leaders, the normal practice is that once a new minimum wage is fixed, a fresh salary table is generated so that employees in all Salary Grade Levels (SGLs) will benefit from the new emoluments. According to the TUS, the generation of a fresh salary table in line with the new minimum wage would also prevent distortion and overlapping. The TUS recalled that after the 2011 National Minimum Wage was fixed, the consequential adjustment was not properly handled. “Instead, the Government decided to award N900 across board for all the other grade levels in the civil service thereby distorting the salary chart. This led to a lot of crisis, a scenario that should not be allowed to repeat itself this time around. “The Government should not continue to generate avoidable crisis in the civil service and this is why we are now urging it to do the needful by urgently inviting the Joint Council with a view to commencing negotiation on a new salary table that will meet the aspirations of workers. “This is the standard practice all over the world and Nigeria should not be an exception,” the union stated. They posited that once a new salary table was generated, it would help to maintain the current relativity among all grades in the civil service, as well as go a long way to assist the state governments to have a seamless implementation of the new minimum wage and where negotiation will be required at all, it will be a minor exercise |
| Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:50pm On Apr 29, 2019 |
Minimum wage was sign on 18th of April, most state have done with preparation of voucher by that period. The payment may likely start with May payment. Cross River usually maintain the record of paying their workers May Salary on May 1st been the workers day. They might start the record of been the first state to pay new minimum wage on Workers day. |
| Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:42pm On Apr 29, 2019 |
Purity001:https://t.guardian.ng/news/wike-accommodates-new-wage-in-n480b-2019-budget/ http://www.thetidenewsonline.com/2019/04/22/new-minimum-wage-ill-pay-whatever-fg-approves-wike-as-group-warns-govs-on-non-compliance/ |
| Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 10:52am On Apr 28, 2019 |
temple4real:Your quote should be an old news, because FAAC has shared money since on 22 of April, 2019. Check the below link for more information. http://www.tgnews.com.ng/2019/04/22/faac-fg-states-lgs-share-n634-7bn-for-april/ |
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