₦airaland Forum

emmanuelewumi:
Jegede lost rights and interests to those dredgers for the next 6 years, money generated from the rental of those dredgers will go to an account for the servicing of the loans, Jegede does not have powers over the account.

They were initially seized, check the terms and conditions of the release of the dredgers. The dredgers will be working for the bank

stcool:
No clear financial analysis from NSEMPA as usual just meme and assumptions.

If Japaul goes to N1 we would have another meme as usual.

Na buy we buy we no kill person...UACN, JAPAUL I wont sell until I see the end

Uchetoba:
Access Bank Plc.
This note provides information about the contractual terms of the Group’s interest-bearing loans and borrowings,
which are measured at amortised cost. For more information about the Group's exposure to interest rate, foreign
currency and liquidity risks, see note 5.
Group Company
The facility of US$66,478,405.35 was further restructured with the accumulated unpaid interest of
US$11,244,554.98 and rolled over at a reviewed rate of 10% per annum. The balance has been collapsed to one
account as Access Bank Plc and has been fully liquidated during the year. See Note 26.1.2 for details.
During the year, the marine equipments pledged as collateral securities for various loans obtained by the company
from Access Bank have been Forcefully taken over to settled all obligations to the bank based on duly executed
terms of settlement before the Federal High Court directive on suit no: FHC/L/CS/1222/2018. However, parts of the
Company settlement of the total debts owed to the bank was to irrevocably and unconditionallly agreed to assign
all of the interest in the two(2) Dredgers (JDXII &JDXIII with registration no SR 2525 & SR 2526 respectively) to the
bank for the sum of N5 billion. To this end, the two Dredgers are to be released back to the Company for 6 years
with 1 year moratorium on rental payment on or before January 31, 2021 to January 30,2026 with equal annual
repayment of N1 billion each.

emmanuelewumi:
If you entered at a good price, watch and observe events as they unfold

naturalflow:
37million net offer.Gate closed with double padlock.

onegentleguy:
On NEIMETH, I personally did a couple of analysis here and advised a BUY at the time the coy was selling for btw 38-39k. ...U may wish to go back to my past posts, some of which I also revisited recently.(see 4 amongst many above)
Apart from the thing about inherent REWARD and how surrounding RISK had at the time made a mockery of it, I also highlighted the value proposition in the coy.
Some persons argued about it(they could only see the bad side of the result) even after I highlighted the last post above. ...that's the same way some are also now seeing only the bad side of the report cards of UACN and WAPCO.

Apparently, they do not understand how the 5 of; POINT OF INFLECTION, GROWTH MARGIN, CASH FLOW POSITION, SURROUNDING RISK and FEASIBLE REWARD(MoS peg in view) relate to each other.

Folks should look through that 1st post above and do their homework well. ...not when a coy like say PZ, FO or CHAMS doubles in price, they'll say they were taken unawares. UNIONDAC has already proposed an MTO @ 75% premium to mkt, while some others(except for FO) have returned great gains.

Besides, I also wrote 2 articles on this.
...the problem is that people don't act IN TIME !!

As for JAPAUL OIL & GAS, well, NO comment !!

It is well.

meshpips:
Hi everyone,

both conditions in the IF . . . THEN statement have been fulfilled.

Zenith touched 18.08 AND closed this new week with a bearish body.

Now, I expect a sell off back to 11.90 support level.

All the best everyone!

cc:
@rabbidoracle
@adruino
@jejebaba
@onegentleguy
@notheastern

nna777:
Access is like a spring that has been stretched to its elastic limit. when it will be released, there is no telling where it will land.

First Bank is like a bus driver that has decided to carry overload because there is only 1 bustop. no stopping on the way. when it decides to move. Hmmmm.

If you are in Dansugar, just sit tight, let jijoist continue their jijo moves. 52wk high loading.

fxuser:
Prof has a name for this

Marketapprentic:
BARGAIN HUNGER TAKE NOTE

veecovee:
I had to picked some chams, ... pray it pays at last

veecovee:
... ucheson style

S007:
VAP(TA) works with some assumptions that I tend not to agree with.
I personally think the tool is more suited for currencies, crypto and commodities hence good for traders. Investors need more.....
With our own peculiarities in Naija, you will need a lot of FA also to survive NSE.
The best situation is if you are good at both and can combine the two.
People like @Rabbi and co. use both with good results.

ebuka1997:
please how can i transfer my shares to another broker and is the process seamless? I've had it with afrinvest... maybe they don't exist to serve the retail investors. I've been trying to sell Mtn since morning it has been hanging, customer care no answer meanwhile they charge more than 1% for nothing. What nonsense. Maybe they want the price to reduce before they sell

godlyguy:
Which bank? I have not received mine... GTB why na?

meshpips:
I think this is a very good stock to buy. Last month (May), 92.9 million units of this stock was transacted. This is far higher than the total volume done from January until April (combined). This has certainly created a "volume buzz"

Interestingly, it took the cumulative net volume to 10.7 million excess BUY.

The current VAP is at 31.15 Naira. I expect this to be the minimum price will rise.

That is about 50% profit expected (worst case scenario).

All the best everyone!

IHelp:
Just received mine

Jenny008:
Thank you, I really appreciate it that you're helping the newbies like me on here.

What do you really mean by if I am chanced, I may opt to be trading for myself? will this option aid fast mandate execution?. I will fancy this considering I want to dabble into day trading.

Also, with fast trading/ease of trading as the key decision factor, which brokerage is most preferred between Morgan Capital and Greenwich Mytradebook?

Mcy56:
Prof, did you see dangsugar today?
Full bid all through.
Anyone that panic sold should blame himself/herself.
Always know what you bought.

RichEstate:
Story that touches heart.
Valentine's day 2008. Just got my school fees, called my analog broker. He said Paulo was a good bae at #15.55 and me too mugu bought it.
Feb 18, 2010. In disbelief, Paulo don become #1. 24. The look on my face that day was worse than the one I had when Yakubu lost a clean goal. From that day, anything Paul is offside for me. Maybe Mcy can convince me. But I'll equalise against Paul one day.

Marketapprentic:
I pray so sir. Amen.
But whichever way, I am lomodeming on this one

emmanuelewumi:
Nothing stops the Virgin from riding the frail old man. The frail old man will be fine and okay las las

Heishere:


We will ride it till thy kingdom come. From now on-wards I will be viewing your posts with zooming glasses since you don't want to be straightforward.