₦airaland Forum

dapix:
Finally UACN has released their result with a group loss position, while the company itself still made a profit, although a dividend of 10k is being proposed.

Oakbranch:
I am in Oando boat as well: my consolation is that the group has not dismantled their sign boards yet.

Desanta:
Well, I have a lot of share certificate I need to dematerialize, and a lot of unclaimed dividend going as far back as 10 years ago. I'm tired of filling forms and sending by mail or scanned copies. They are never replied.
I bought some shares through Morgan capital and still I can't get my dividend despite filling all the papers and sending them by post since they no longer accept scanned copies.
I can't travel to Lagos just to submit transfer forms or e- dividend forms. What other options do I really have?

Mcy56:
Closed period for Zenith is today 17th, it's just for 24 hours. Result may come out next week or this weekend self.
Could be the reason for the increased activities in the stock today.

In another news, Wapco is getting serious bashing.......Bomboclad you made the right decision.....this market can be somehow...

seyisanya:
I guess what he meant was to put a stock that he bought at -10% on the offer side while looking for an opportunity to buy at -10% on the bid side.

SlahJoe:
Good evening gurus in house, thanks for your selfless contributions on this noble forum, your impact has been phenomenon, l doff my cap for you all, going forward I want your take on the following stock for short to long term holding PZ, ETI , Redstarex and Cadbury

Uchetoba:
Now I see it is over sabi that is worring Britons. They do not want the rest of the world to rate their ability to handle the virus.

Danniee:
On a particular stock, can "buy" and "sell" be placed at the same time i.e. to buy at lowest price and sell atp highest price.

Uchetoba:
Covid-19: Why is it that nobody has recovered in Britain?
Over 100k case, Over 13k death and 0 Recovery.
Why is their own case so different?

debeey87:
Aigbovbioise Aig-Imoukhuede still bought WAPIC shares even when their close period for 2019 is still in force since they have not released there 2019 Audited financial result.
http://www.nse.com.ng/Financial_NewsDocs/29683_WAPIC_INSURANCE_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

"Company had declared a closed period in respect of transactions on its securities
with effect from January 16, 2020 until release of the Company’s 2019 Audited Financial
Statements to the floor of the Nigerian Stock Exchange.
This closed period remains in force and consequently, no Director, employee, person
discharging managerial responsibility, adviser of Wapic Insurance Plc and their
connected person may directly or indirectly, deal in the securities of the Company in any
manner during the Closed Period and all insiders have been notified accordingly".
http://www.nse.com.ng/Financial_NewsDocs/29681_WAPIC_INSURANCE_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

Isn't this violation of the closed period rule?

gabscity:
Taking advantage of information they are privy to about the company to trade the company's shares. It's against the company policy in many multinationals.

Johnpaul1099:
Please I would want to know if Morgan Capital can still pay into my account in this lockdown as i want to withdraw for an urgent issue?
Thanks

Danniee:
One spirit dey tell me to buy REDSTAREX, hope na good spirit....

Mcy56:
OGG did a comprehensive analysis of this, you may do well to read his posts too.

Mcy56:
If you check the date on this article, you will notice that it's a bit far.
There was an amendment to the contents thereafter when the big caps started distorting the ASI (when there was lull in the market) and thus crashing the prices anyhow.
The 100k block rule was then enforced on all equity irrespective of their class or category as a quick measure to address the anomally and stabilise the ASI I think.

veecovee:
Nestle is about to go full bid, with only about 30,000 units transaction today.

How on earth can another more than 70,000 units come to change today's closing price

cc OGG

RabbiDoracle:
How can there be a lull in the business?

People use courier, online for everything purchases now.

Uchetoba:
Mobil/11 plc gave us an open cheque now we are shy to write enough money on it, Yet the goal most nse investors is to make too much money.

Mobil told us that we have from 3rd of March to 3rd of June to decide what the payoff that they will offer to us the minority investors at the AGM which will hold on 3rd of June will be.

The implication of that is that if we allow the price of Mobil to remain at 160.9 till June 3rd, the core investor may come up with a payoff of not more than 250. But if we can pump the price to like 600 or there about for instance, the core investor will like wise come up with a payoff that is above 600.

It is now left for us the minority investors and the market maker to decide what we want. The big payoff or the small payoff?

seyisanya:
Has anyone funded their Morgan Capital account this week? Did you pay into their Polaris or Zenith account?

Thanks.

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/29404_UNION_DIAGNOSTIC_-ACQUISITION_OF__CORPORATE_ACTIONS_MARCH_2020.pdf

Hope rising

Been trapped here for nearly 3 yrs.

Finally, I will exit with tashere 5k/share profit (I bought at 30K/share)

ebuka1997:
seems to be the parent increasing holding in subsidiary?