₦airaland Forum

awesomeJ:
Please for the purpose of my enlightenment, what was the requirement they flouted?

Is the 20% free float applicable to the growth board as well?

Krisuba:
I tired oo. If they did complied with the regulators from the start why force them to empty their basket at once!!

pluto09:
Why the fixation on Zich?
Is it because many here could not get it to buy on the floor.
This is a company that is making profit and has a positive equity and yet many are quick to point an accusing finger.
Check out other companies being promoted by this same set of people (company with no profit and negative equity for years) who are criticizing Zich and you begin to see a pattern of double standards.
Why would someone justify the current price of ellah or NCR or FTNCOCOA or even tantalizer and be critical of Zich price?

Ladygracy:
I have both stocks o abi make I jump out

ppogba:
NGX should also pay attention to:

DAAR
FTN COCOA
BRISCOE

I am not insinuating anything o
Just saying the broom should sweep well.

Mpeace:
They approved a dividend payout but what remains is for the CBN to approve the said payment

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/Eterna_Q4_Financial_Statement.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/ZICHIS_LAND_ACQUISITION.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/NGX_Group_Plc_Notification_of_Shareholding.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/UBA_Approval_of_The_Group_AFS.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/Access_Holdings_NGX_Announcement_FEB.pdf

yMcy56:
Come to think of it:
Conductor opened door today, did you buy or you picked race? 🤔
Signify ✋ make we know how many of us still dey the bus

Meanwhile, Peter for don rush out, maybe rush back in again when he noticed volume and bouncing back up 😁

** Btw, when PRESCO, SEPLAT and the likes are being manipulated due to HOPE it's called "normal upside" but when supply/demand is playing out in ZICHIS, JP etc.....to Nsempa guru and gugurus, it's called manipulation.....
Make una continue you hear...🙄

ppogba:
I am happy you called your defence passive.
I would have loved to ask how well invested in DAAR are you. Service delivery and DAAR in the same sentence? What service? Which Management? The same one headed by a Newbie MD abi another one?


Make I no stress you dis evening jare.

awesomeJ:
Yes sir.
Those multiples are what are considered fair before any premium is added based on sentiments or future potentials.

ppogba:
Very little has changed my guy.

There are still some shares that are adding weight without next to nothing to justify it.

Until anyone can convince me what fundamentals are driving:

DAAR
ABC TRANSPORT
RT BRISCOE
FTN COCOA

then, I will believe that the days of the great OLOLO are actually gone on the NGX

awesomeJ:
Base valuation in any market is an earnings multiple X, X being the risk free rate.

risk free rate in Nigeria is about 20%, fair valuation is 5x.

In New York, rates are around 5%, 20x valuation is fair there.

thebargainhunte:
Stock is speculative in nature, even the so called fundamentals are still speculative. If you are in doubt, just one bad news about Nigeria could send Gtco to N10 without minding the fundamentals. It is not their fault that they wanted to cash out big time since bids kept on coming even at a very high price. Value is partially subjective, I can't buy Okomuoil and Presco at their price, but some will buy. Why is Presco trading above N2,000? I know you would answer the sector and their fundamentals, but I tell you, there is no system that says when you have these fundamentals, your stock price should be above N2,000 if not speculation.

mikeapollo:
''Bullish'' yet not backed by effective demand or investible funds?
He was only using ''strong-face'' to ''sweet-talk'' investors.

HesInMe:
I like your faith, but I prefer the numbers:

Even if they scaled down their ambitions and bought only the ARPN oil palm plantation, they'll need N155bn. They currently have about N2bn cash (less cash burn from operations) and N30bn assets.

How do you imagine they'll raise N150bn in 5 weeks?

mikeapollo:
And who would subscribe at that time? Most investors would wait until after the acquisition before the buy their shares

HesInMe:
Lol. I was criticized when I noted that Ellah is run by a banker, not an farmer. Farmers know that oil palm is not a get-rich-quick deal.

If they can't close the ARPN acquisition, as it looks likely they won't, let's review again in 4-5 years.

Agbalowomeri:
No be me curse them o

thebargainhunte:
The problem here is not the manipulation, the problem here is that most of our ogas them didn't see the stock to buy at a low price, hence the sporadic attack on the stock. I think what played out is the law of demand and supply, and the sector the stock is. What could be said of Mecure when it was listed?

KarlTom:
They are currently running kitikiti

Itzlinda:
Don't catch a falling knife

emmanuelewumi:
Then the price should be fixed , NGX should know the quantity they want to sell to the public.

The stock should be sold to investors on a first come, first serve basis and no investor can buy more than a certain quantity during the period of the listing by introduction.


I definitely know that SEC and NGX will come with stricter rules

emmanuelewumi:
I wrote about their price to sale ratio last week and it appears to be the second highest on NGX after that of Ellah Lakes.


Zichis learnt the tricks from Ellah Lakes

emmanuelewumi:
They can even have an Offer for Sale, whereby existing shareholders will sell part of their holdings to the public at a fixed price unlike listing by introduction whereby the price the existing shareholders will sell will be increasing on a daily basis. That gives room for manipulation

OBAGADAFFI:
They(Directors) deserve it.
It was purely insider trading.

Harddiskng:
It was obvious to the blind that something criminal is going on.

It is not that i am jealous i didn’t buy at inception oo but haba

KarlTom:
You'll pay royalty for usage

emmanuelewumi:
Upon how liquid Oando stock is Pension Fund Managers are not allowed to invest workers Retirement Savings into the stock