₦airaland Forum

One of those very illiquid guys. Thanks

EDUECO:
VANLEER:NL

What name are they trading with?

Intendy:
GREIF NIGERIA PLC
Year Ended 31 October 2015 Proposed Dividend 60 Kobo per share
Proposed Bonus Nil
Closure Date22nd - 24th March 2016
AGM Date 28th April 2016 at 11:00 am
Payment Date 6th May 2016 AGM Venue Neni Hall, Rockview Hotel, Park Lane, Apapa, Lagos

I saw the oga's post too. But I hope its not a ploy to shoot up the price sha. Codedly making money. All the winches and wizard that are planning to pull Zenith down, abeg make una comot for road o.

Coolcash1:
I came here last week to raise awareness among members about Tigerbrand and someone said its until the company changes its name to Dangote before he will buy...I just laughed...

One of the great attribute of a great investor is the ability to focus on the doughnut while others see the hole...

I have been wondering why the steady increase in price. I hope the bid will be optional and juicy enof for me to sell my stake

Intendy:
Dangote to bid for minority shareholders stake in tigerbrand.
info was on Friday.
reason for current rise in price of tigerbrand

newdada:
A friend of mine bought dollars at 220 naira yesterday, sold it 295 this morning. He some over 400k in less than 24 hours.

Ask the people who were using sugarcane to punch the dollar up

I am Oliver the Koko . I go cash out soon

newdada:
181? And you're still not ready to sell? Man, you're the real Oliver Twist. God speed o. I hope it gets to your target.

In my understanding, just the same way a profit warning turn down the fortunes of FBNH and FCMB, so did the good news of a good profit forecast and Britainayu case won turn around that of Seplat. For me those are some fundamentals

Coolcash1:
For me, I see speculating on Seplat has too risky. I ma among those that bought it when it was trading above N650. So, i am not ready to take chances again. Besides, the variables behind the steady increase still remain hazy and shady to me. However, i am hoping it gets to N600 at least so i can pull out and have rest of mind...

181. I actually planned buying when the guy was at 124 naira bu then lesson learned and so far no regret

newdada:
What price did you get yours?

Patiently waiting for my double very soon. As for me, i no dey scared at all

newdada:
I gambled on this on Monday. I was skeptical cos it had gained almost 100% in d past weeks. I was so scared that I bought only 2k units at 318 and sold it off at 329 yesterday when it traded flat two days in a roll. Lol

My Seplat My Seplat, Everyday I look at you and my heart leaps for Joy. Best Decision Made so Far and Lessons learned as well

davide470:
Do see the attached.

. Thanks my oga

mercylicious:
mkt don reverse. oya ooo, lets go there.

If Zenith no dey gain, am not seeing any reverse abeg

Intendy:
A TOTAL OF 3,283,277,052 UNITS OF TIGER BRANDED CONSUMER GOODS PLC WERE DONE TODAY AT N1.24 IN ONE DEAL. THE DEAL WAS A NEGOTIATED CROSS DEAL(BLOCK DIVESTMENT) BY VETIVA CAPITAL MANAGEMENT LTD AS BOTH SELLER AND BUYER.

Whats this block divestment thing sef. I know its part of the things SEC wants to amend the rules on

austinkenneth:
With the proposed rule change about block divestment of equities, there is going to be panic and a mad rush for the exit by the big guys. They'll try to exit before the rule starts applying. It has happened several times over is several countries. Remember China recently. Remember sometime in 2008/09 when they out in place a 1% circuit breaker on stocks.

That is a very dumb proposal from SEC.

That's y they're calling for your input in making the law. Make sure you attend the meeting to air your viewview

mercylicious:
hehehe.

it still closed higher than the opening price. Just wait for bull to enter nse and see how it will react.

@Megainvest, i wish am still in seplat, but....if wishes were horses...
Money don finish.

Madam Mercy,NSE's price is showing 11:39 o

Has anyone here tried buying stocks in stock exchange in diaspora. Whats the nitty gritty involved.

Manonamission:
If closure of register is 15-19, February, then qualification date was Friday last week.

Thanks sir

Are companies allowed to change closure date for register without any formal notification in letter accessible to investors about a change in their register closing date.

Vitafoam for instance posted that their register will be closed last Friday only for me to check and see that they have a new date 15-19 February. Has anyone seen anything like this before?

slyfoxxjoe:
I like your points and they make sense but the question now is how does Nigeria raise the money needed to build the infrastructure before we talk about taxing to maintain? You know very well what our current economic situation is! Those ills you spoke about happened with past governments. This is a new govt with good plans but no money to implement. They literally have no other choice. The fact that they even have to beg and appeal to Nigerians to accept the tariff hikes should tell you a lot.

Point of correction sir,they are not begging but imposing. Let the current owners of discos and gencos pull out if they are not interested.

As for finding money,that's simple enof. Fashola himself mention it last month at PENCOM conference in Abj that investors can tap into pension fund in Nigeria which is over $1trillion as loans,they will gladly provide it at a premium.

When Akpabio needed money to develop akwa ibom state,he floated bond for the state which people bought into. Ask Aliko how he raises money to start up new empires in his manufacturing line. Do you eveen know that most of his businesses have very little infrastructure in place before IPO/private placement are done .

We refuse to fund these electricity companies,govt gave them everything they have. They should grow up. Raise IPO OR PRIVATE placements from the Nigerian stock exchange,provide services that's needed and we will pay higher tariff

PentiumPro:
It's either you are simply naive or outrightly mischevious.
Fashola is not the kind of person that shy away from taking the right but hard decision.

No one is saying the decision is wrong. When mtn car to nigeria,we paid a higher call rate but it wasn't to build their mast and we enjoyed value for money,the same for all the telecom companies.

Why will the electricity companies be shouting they don't have money to put more infrastructure. If they need money,let them go to the stock exchange and do IPO, Nigerians will gladly buy into their companies or let then do private placements and get few investors with required capital to fund their business.

It is rape for us to pay for services not rendered. But the big problem is that theses companies were sold to politicians who no nothing about how to manage business but specialised in using govt to make free money. Tell which disco,genco you know that have built additional facilities outside the ones built By the government,definitely non. Did mtn,Glo,air tel,etisalat wait for you to pay higher tariff before bring mast to your area.

I support the idea of increase in tariff but first things first
1. NERC/govt should remove the fixed charges. In my opinion,its a way of giving phcn easy money.its removal will keep them on their toes to provide devices but if its left,they won't be bothered an inch cos they know,weda I give them light or not my 700naira is constant.

2. Mandate all discos to provide prepaid meters.
Even with all this shout of we don't have money,there are several investors willing to take up the business should they drop it,but they won't because its is gold mine.
If you give me prepaid meter,I'll care less if light spoil and phcn doesn't come to fix it. Who's loosing.....definitely them, no more fixed charge and my meter isn't reading self. But with what nerc has done,we have successfully given them license to continue to over bill consumers with estimated bills at an added coat for no reason

3. Increase the tariff

Having said all this,nerc and govt can go ahead and increase tariff, Nigerians will worry less.
I have a prepaid meter in the studio I live in,I have bought 3000naira credit since October @188units. All the appliances in my house works and just today, I have over a hundred unit left after 5months.

That's what prepaid meter can do.

Fashola should do the right thing
NERC should do the right thing.
Our Lazy Senators and Reps should call NERC to order.
We say no to tariff increase till all Nigerians get a prepaid meter. That's the way to go.

stokfrick:
Avoid d temptation of counting paper profit.

And what's your definition of paper profit

Whats is the usual price movement trend for very liquid stocks like GTB/zentih when they declare dividend or bonus. Do the price soar till closing date or it rise after dividend declaration & declines towards the closure date of the register.

Mfunkynation:
morning Huz, my bornday is today..... have awesome day folkz

Happy birthday bro.

Chibuking81:
Truly we are all brothers and sisters in the Lord, thanks to all for the package of the great wishes giving to me on this my birthday special occasion, once again @ all thanks.

Accept my late night wishes my oga. Earnestly awaiting my day on the 11

OANDO ENERGY RESOURCES MAILS NOTICE OF MEETING AND MANAGEMENT
INFORMATION CIRCULAR REGARDING TRANSACTION WITH
OANDO PLC TO ACQUIRE OER MINORITY SHARES
CALGARY, ALBERTA, FEBRUARY 3, 2016 - Oando Energy Resources Inc. (“OER” or
the “Company”) (TSX: OER) today announced that it has filed on SEDAR and is mailing
a Notice of Meeting and Management Information Circular (the “Circular”) in respect
of a special meeting of shareholders (the “Meeting”) scheduled to be held on February
25, 2016 in Vancouver, British Columbia.
The documents present the reasons for the unanimous recommendation from OER’s
Board of Directors that shareholders vote IN FAVOUR of a special resolution (the
“Special Resolution”) to approve a proposed plan of arrangement (the
“Arrangement”) with Oando PLC and Oando E&P Holdings Limited (the “Purchaser”).
As announced on December 22, 2015, pursuant to the Arrangement, the Purchaser
will acquire all of the issued and outstanding common shares of OER (the “Common
Shares”).
The record date (the “Record Date”) for shareholders entitled to attend and vote at
the Meeting has been set at January 19, 2016. The Meeting will be held at the offices
of Cassels Brock & Blackwell LLP, 885 W Georgia St., Suite 2200, Vancouver, British
Columbia, V6C 3E8 at 10:00 (Vancouver Time) on Thursday, February 25, 2016.
As part of this transaction, the Company has notified the TSX and applied for the
delisting of the Common Shares upon completion of the Arrangement. In addition, in
accordance with Section 720 of the TSX Company Manual, the Company has applied
to voluntarily delist the common share purchase warrants issued by the Company (the
“Warrants”) from the facilities of the TSX upon completion of the Arrangement and
an exemption from the requirement for security holder approval of such delisting is
available pursuant Section 604(f) of the TSX Company Manual because Oando PLC
holds more than 90% of the Common Shares.
- 2 -
Shareholders are recommended to vote IN FAVOUR of the Special Resolution. All
Shareholders of record as at the close of business on the Record Date are entitled to
vote at the Meeting. Shareholders who are the registered holders of Common Shares
directly in their names and hold certificates representing their Common Shares should
cast their votes no later than 10:00 a.m. (Vancouver Time) on Tuesday, February 23,
2016. Shareholders who are not registered as the holders of their Common Shares
but hold their Common Shares through a broker, custodian, nominee or other
intermediary should cast their votes no later than 10:00 a.m. (Vancouver Time) on
Monday, February 22, 2016. Further information on voting, including specific details
of how to vote, can be found in the Circular.
Completion of the Arrangement, including the delisting of the Common Shares and
Warrants from the facilities of the TSX, will be subject to, among other things, approval
by the syndicate of lenders in OER's US$450 million senior secured facility.

[b]My question is " What are common shares?" and how does this help Oando cos they are encouraging sharholders to vote in FAVOUR of the sales and delisting of the common share.

Intendy:
before that happens I must be blind.
bough enough seplat @147.99

I was procastinating at that price menh. Paid dearly for it anyway. Like Intendy said, I'll remain contended with what I have bought. Seplat with 21.94 gain in a day

rebekah2011:
Are coys listed on the NSE allowed to publish the kind of forward looking statements that SEPLAT did last month. Releasing information about the full year performance. If yes, why is it that other coys are not doing so?

Well the case is same for fcmb did. i assume they are not. they only use theirchurch mind

Manonamission:
50% on Seplat. I have not had such gain in months. Thank God.

Wish I bought more at a lower price

Are companies operating in NASD binded by NSE/SEC rules as per when they're expected to release their financial results. How does one get details of their financial performance, dividend and bonus history.

Intendy:
You made mention of closure date in your question and not qualification date which are 2 different things.
if you sell on qualification date,you are entitled to NOTHING.
But on closure you will benefit

My oga,1more gbosa for you. All cleared now. I dey sharpen my cutlass. Make I c weda I go fit cut beta next week