₦airaland Forum

RabbiDoracle:
Are you one and the same person?

You can dig for trouble!

Kashif:
Looks like Fide was waiting for me to get in @ 1.8 to just drop like a new album

UBA is also waiting for you...

Part of MTNN loot spotted in unilever....

UCAP

Yayira:
The stock will close on red today.. smh

No way!!!

MTNN - May Turn Noisemakers Novices.....

Mcy56:
See as every other stock except zenith just clear road for mtn, e just be like say all of them they watch the film with us.

Most of the 'excess loot' from MTNN will come for GTB soon.

WATCH Dangsugar closely!!!

PETERiCHY:
So you EXPECT MTNN to fly from #90 straight to N500

No, I expect it to use all the means of transportation....

rebekah2011:
The only thing that can make the shareholders of Lafarge Africa rejoice is if only the majority shareholder is ready to buy out other shareholders. The business is in a mess.

something will definitely happen, when is the only question.
I am waiting for just a little more battering.
When you start seeing consistent unusual volume, 'calculated strings' of executions, know the time is nigh....

mendes911:
LOL.

1.5B naira already trapped there today.

Whatever happened to N500 per share.

Expect some trading platforms to be down today for some hours or even throughout.....
Don't ask me why....

I am looking at WAPCO through the side mirror for the appointed time...

mendes911:
MTNN now available.

Is it available EVERYWHERE YOU GO yet?

Valueinvestor:
The truth is no one exactly knows when that "bottomless bottom" of a stock will show

"Don't try to time the market, because you can never find the bottom of the market "-Rakesh Jhunjuwala

And even when it gets to the so called bottom, quite a number of people will still not buy out of FEAR hoping it will get cheaper tomorrow.

" The most important thing is to keep an eagle eye on selling pressure generated on a good /sound stock " - Ashish Chugh"

New Living Translation
Ecclesiastes 11:4
If you wait for perfect conditions, you will never get anything done.


The Amplified Bible:
He who observes the wind [and waits for all conditions to be favorable] will not sow, and he who regards the clouds will not reap.


Easy-to-Read Version:
{But there are some things that you can't be sure of. You must take a chance.} If a person waits for perfect weather, then he will never plant his seeds. And if a person is afraid that every cloud will bring rain, then he will never harvest his crops.

ukay2:
Thanks....


Nawaooo
unitedsecurities wahala again.....i never finish caverton plc mandate.....yet to get my dividend payment

UNITED CONSPIRACY...
That registrar only need to deal with people like me, who take pleasure in intimidating them....

AkataYeriYeri:
Morgan capital Sir.
Now i'm trying to fund my account , I sent money to their Polaris bank account and the money was refunded almost immediately
Somebody help

Are you looking for someone to make your money hang?
You are lucky your money was not polarised, you would have opened the bank's gate, before the security men, tomorrow..

mendes911:
Money that will be soaked and tied down in MTNN?

Let's see how it plays out shaaa. I can be very very wrong.

I mean cash from the WITHDRAWN bids.
You and me know that some bids are very fake there....

locodemy:
If not the fine issue,Mtn can't list their shares below #500.

It is still a gold mine at the current price......I am not looking at their financials but business model.The financial reports you are drawing your attention to will certainly mislead you.

I didn't say the price will not fall neither did I say it won't be available tomorrow.

How did you arrive at N500.
Its an industry that need constant EXPENSIVE technology and equipment upgrade.
MTN is not the only player in the sector.
I remeber how expensive it was when they were swapping out their radios from Ericsson to Huawei in the North east, If not that Huawei gives out the equipment, you operate,then you pay later, they would have felt some serious heat.

mendes911:
Once MTN join, the bear run will get stronger across all stocks.

The opposite is most likely.
Money will be freed to chase other stocks.
Where do you think 'excess' of the money made is going?
Brokers will first flood the market with offers where they want to enter and scare people to bring out volume.
Brokers will soon start preaching valuations where they entered for a second round of dumping, then go back to MTNN....
That is how the game is played.
Watch out for stocks that pay interim dividend, harvest time is not too far.
They will wait patiently and pump them....

Krisuba:
Hmmm. Am panicking right now!! Don't understand this market anymore. Is it to run now or keep watching. Don't have deep pocket to average down. UBA always messing up!!

Chibuking81:
Check again

0ver 25m still.

Chibuking81:
Mtn bid has reduced drastically to 6 million. MM of other companies that join mtn at #125 cross deal, will soon be bailing out to return to their companies. As they prepare to come back they will first supply offer to scare people away and the stocks will go down a bit as we are witnessing already in UBA, Zenith etc, and thereafter they will take back their fully position, and price will rise.

Expect massive bull in stocks by next week, because as it stand now many companies result are far better than mtn EPS and PE. Zenith, UBA, GTB, ACCESS, FBNH, NESTLÉ, AFRIPRUDENT, CUTIX , these companies mentioned so far have better earning than mtn when it come by per a share earning.

Your portal is down?
Pls refresh it....
Over 25m bids still active and increasing.
Anytime, the mentioned stocks are sold, MTN bids rise...
Observe carefully.

locodemy:
Leadership tussle.........They need to mentain market leadeing by capitalization.

Mtn must work extra hard to take over.....

If Dangcem venture climb by anything close to 10% NOW, it will harm itself with MASSIVE FULL OFFER....

Deadlytruth:
Breaking
SEC Probes MTN Listing on Stock Exchange




•Shareholders rake in N6.1bn in one day as induced scarcity continues

Obinna Chima and Goddy Egene

The Securities and Exchange Commission (SEC) is investigating the process that led to the listing of MTN Nigeria on the Nigerian Stock Exchange (NSE) last Thursday, THISDAY learnt yesterday.
A source said the application of the telecom firm was initially turned down by the NSE Council before it was later reconsidered, without the authorisation of SEC.


The disclosure came on the heels of an earlier THISDAY report that investors on the NSE and stakeholders waiting to purchase the shares of MTN Nigeria Communications Plc, through an initial public offering (IPO), might do so at a very high premium whenever the telco decides to float the IPO.

This was because of the free float accommodation and some other waivers MTN Nigeria was granted by the capital market regulators to pave the way for its listing last Thursday.
The source spoke amid allegations of unapproved waivers that the NSE granted MTN Nigeria to enable it to be listed on the stock exchange.

The source said: “The application was turned down when MTN brought it to the council due to grey areas and requests for certain waivers made by the company.”
According to the source, the investigation will cover all aspects of the listing, the share crossing, the activities of the preference shares, all the transactions on MTN Nigeria shares so far and the entire listing to see if it is in compliance with the listing rules.

“I can assure you that SEC will conclude this investigation as soon as possible.”
Meanwhile, the shares of MTN continued on the upswing, chalking up 9.9 per cent or N10.85 to close at N119.75. This showed that the stock has gained 33 per cent in three days of its listing on the NSE.

Investors yesterday traded 51.406 million shares of the stock valued at N6.155 billion in 61 deals.
THISDAY gathered that there was induced scarcity of the listed MTN shares in order to drive up the value.
Analysts had told THISDAY that the intention of the pent-up demand on MTN Nigeria’s shares was to drive the price of the stock very high before any share offering through an Initial Public Offering (IPO).

In addition, an analyst had said the IPO might take a longer time to come, as the MTN was said to be hiding under the alleged $2 billion tax liabilities the Office of the Attorney General (AGF) imposed on it, instead of the Federal Inland Revenue Service( FIRS), to delay the public share offering.

But a source from one of the leading stockbroking firms, who also pleaded to remain anonymous, defended MTN Nigeria, saying its Listing of Introduction on the NSE was similar to what Notore did.
“Notore did a listing by introduction similar to MTN Nigeria. The special waiver for MTN Nigeria went through proper regulatory practice, which was approved by the SEC and the NSE.

“For Listing by Introduction, you are not obliged to make shares available to the market to buy at all. For Listing by Introduction, shareholders that were existing prior to the company being listed have the opportunity to trade their share.
“So, if you are not a shareholder of MTN Nigeria prior to the listing, you will not be able to sell any share. You only buy from willing sellers in the market,” the source added.

On the NSE Listing Rule 2.2.4b, which states that, ”the value of its free float shares is equal to or above N40 billion on the date the exchange receives its application to list,” the source said: “the tradable value on the first day doesn’t have to be N40 billion. Like I mentioned to you, Notore listed and did not trade N40 billion on the first day. So, it is not compulsory that you have to trade N40 billion.

“On the day Notore listed, only one million shares were traded on that day at N62.50 per share.”
She argued that there was no basis to compare MTN Nigeria to Dangote Cement, saying what the cement company did was an offer for sale, whereby on the listing day, the majority shareholder, which was Dangote Industries Limited, offered some of its shares to willing investors to buy.


https://www.google.com/amp/s/www.thisdaylive.com/index.php/2019/05/21/sec-probes-mtn-listing-on-stock-exchange/%3famp

https://punchng.com/sec-denies-probing-mtns-listing-nse-defends-process/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2318254+%3D%3E+MORNING+NEWS+HEADLINES+&utm_content=cffc573335d3f270ecdba1db7d91d4993d30fb6d

walcolm:
@Godlylifeoneart,
Pls note that MTN, the company does not own its own shares so they cannot sell 2.5b units of shares to raise money for operations!!!!!. the shareholders are the one's not selling shares and even if they sell, not a penny goes to MTN

Mcy56:
This Thomaswatt guy is just jejely doing his things with 100k to 300k a day.
Sir DerrugedProf, any idea who the guy is?

No idea, faulty parked cars need warming every morning to prevent the battery from running down, to prevent buyers from saying it has a knocked engine. You can even move it around the yard, but never venture out on a journey...

Jejebabaa:
How did u confirm this please because my cousin has been trying to get and he is not lucky despite bidding at market price daily. The only person that offered to cross to him was some people and the offer price is 300 naira per unit.

If he is missing Sergei Mavrodi, let him proceed with the cross.....

dipoolowoo:
NSE Speaks on Scarcity of MTN Nigeria Shares
https://businesspost.ng/2019/05/21/nse-speaks-on-scarcity-of-mtn-nigeria-shares/

I love this part: ''In the case of MTN Nigeria, the NSE had requested the Company as part of the listing process to make shares available and The Exchange expects the company to do that''.​

Let them keep expecting ......

Deadlytruth:
Hmmmm. Asking questions after becoming shellholders. The break of this news of mountainous syndicated loan could be a red flag with the capacity to bring all this MTN hype to an abrupt end and cut short the current frenzied spate rally of the stock. However, I am quite convinced that MTN must have it's fair share of Nigerian investors' sentiments.

I prefer the banks they have officially told us they are working for, provided they don't end up been Siamese twins of the telecom logo champions....

courage89:
They paid high dividends before listing on the stock market, proceeds from borrowed money and profits. All to be repatriated to South Africa. They further burden the company with more debt, hopefully new shareholders will be asking questions. Let's see how this game unfolds

You have a choice to buy or stay away.
No one is forced to pass an exam, so their answers, if any, are not guaranteed to make you smile to the bank, a core reason for investing....

Seems you are already doing your DD....
Follow your heart.

CP categorically stated that their numbers may burn his Bedsheet!

Benchmarking is key in the stock market.
Always ask yourself why you are buying stock A instead of stock B.
If you dont have a benchmark, dont buy, something is wrong with your emotional state at that moment and you need to take a very deep breath before proceeding.

currentprice:
based on 2019 Q1. Mtn is overvalue at the currentprice, though sentiment/mtn shareholders will continue pushing it up for future IPO.

be wise

Accuser of the brethren. .....
Fairprice is THE CROWD'S PRICE...