₦airaland Forum

@Locotrader, Mercy and Ors.

I listened again to one of the presentations by the MD of Multiverse and I concluded that they need to raise his so called "patient capital" to take advantage of the opportunity that they have identified. My issue however is what would be the most probable mode of capital raising - RI, PO, Placement or a mixture of all the above?

The company's outstanding shares is very low (below 500 million) and issuing additional one billion shares shouldn't be a problem.

I don't currently own the shares of Multiverse but I have my eyes on it provided there are more clarity.

essentialone:
which stocks will be on Full Bid today?

You don't want to listen to the Duke of Shomolu? OYO is your name

BullBearMkt:
Whoever is "Duke of Shomolu" seems to have overlooked the true essence of the stock market.

While macroeconomics does play a significant role in influencing the stock market, it is far from the sole determinant of market movements. Factors like supply and demand, company-specific news, geopolitical events, and even investor sentiment can have a major impact on stock prices and the index invariably.

If had written that the market would gain 5% in the next few days, nobody would have responded to him.

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

The market is for both optimists and pessimists but the pessimists command our attention more.

Mfunkynation:
Uncle Loco...
no be this same TIP you were praising before!
chai!!

😉😉😉

https://www.vanguardngr.com/2024/01/fg-meets-elumelu-dangote-over-public-private-partnership/

Let the House rats tell the Bush rats 🐀

Ginalex:
I did

Lucky you. Please don't be angry if it tests that price again because it is just some people's prayers answered 🙏

Ginalex:
Took your advice. Thank you. Oga Loco thank you sir

I hope you were able to buy?

chibaby1985:
I wish they can play like the US stocks

Extreme risk taking always ends in ruins

ekkywolex:
https://leadership.ng/odua-investment-moves-to-list-on-ngx/

Time to socialise the inefficiency

Agbalowomeri:
You lose it big if you made it big via risky trading

Luck and Risk are co-equal in importance 😊

ositadima1:
You are right, shelf companies and overseas assets may be out of reach, but any substantial assets he owns in the USA, he would be forced to vomit.

In the event of a margin call, will the assets outside of the margin facility still be affected? For example if he owns a USD200 million property that was not used as a collateral?

ositadima1:
However, in late March, after shares of ViacomCBS plummeted, banks demanded their money from Hwang's company, Archegos. As Archegos couldn’t pay, they seized its assets and sold them off, eventually wiping off Hwang's $20 billion net worth. -- Copied.

The whole story is in the link provided - are we afraid to follow links?

What was the total losses for those who granted the margin loan?

123ABCXYZ:
I agree with your analysis on inflation but not on positive sentiments. The exit of large global corporations from the country is one big negative, no improvement of the security situation and distrust in the judiciary are serious negatives for any sentiment analysis performed by anyone and there has not been serious efforts to reform the country so I disagree. In my organisation here in the UK, we downgraded Nigeria this year in comparison to other african countries when looking at possible emerging market investment destinations.

I suppose one other factor driving investment in the stock market is the fall of the naira which has seen most financial institutions post massive forex gains and profits, providing the opportunity for short term profit hunters to take advantage of that value. I foresee a retraction post April 2024 except, inflation continues to rise and the naira continues to fall at rapid speed.

Analysis paralysis. That was how MTN got into Nigeria when Vodacom was hesitation. Today, between MTN and Vodacom, one is better for it while the other is worst off.

Zagee:
BLACKROCK IS IN NIGERIA!!!!

Media is awashed with too many positive economic news and photo ops. More money incoming!!!

The type of structural changes in the economy that will lead to parabolic changes in the NGX has not taken full hold.

Locotrader:
My people, inasmuch as all of us are believing this is not a planting season,I totally agree but there is only one sector I am seeing this time as the planting season.This sector will be going up even when other stocks are pulling back.

The brewery sector.If you have a spare fund, invest there now.
NB
Guinness
IB
Champion.

All are in loss and no figure backing them up but they are grossly underpriced based on the present bull hitting the bourse.

Loco is taking position after making some researches about the brewery sector from my my own ogas outside here.

My trading these days are on stocks with small free floats and I pointed one here 2 days ago.With time we will see the one that will give the best returns.

The same is true for the Pharmaceutical sector where you have the likes of M&B and Neimeth among others

yMcy56:
Hhmmm.........
Closed on full bid @19

https://doclib.ngxgroup.com/Financial_NewsDocs/Eterna_Plc_-_Announcement_on_Dangote_Refinery.pdf

I hope they will not be coming to raise funds.

megawealth01:
Na part of my Anambra project... What next after the storm

It is called home bias investing 👍

Zagee:
For a company with a small float, this RI get as e be oh!!

With a float of 12.61%, the float percentage will only go further south after the RI.

unite4real:
I hope you understand what a target of N22.6 Billion naira share capital of 50kobo each mean? When you divide this, you have over 45B units.

Or

Fidelity bank is considering a capital raise through a public offer for up to 10 billion ordinary shares and rights issues for up to 3.2 billion ordinary shares.
This is a total of 13.2B shares. Add it to existing 32B shares and you are back to the same answer.

Let us see how you got your own answer

Is the banking doing Rights Issue and Public Offer at the same time? If the Rights Offer is N10 what is the PO price?

unite4real:
By the time Fidelity Bank is through with the Rights Issue and Public offer, their[b][/b] total outstanding shares will be about 45B units[b][/b]. The dilution is so much. I hope they use the funds very well to better improve on the bottom lines

FCMB currently has 19B

one of the reasons FCMB is gaining attention now.

as for WEMA, 4 straight days of full bid.

It will actually come to 35.4 billion outstanding shares units

This fidelity bank rights issue is not making much sense to me.

The current outstanding shares is 32 billion units. The rights issue is for approximately 3.2 billion new ordinary shares.

The rights issue proceed wll come to about N32 billion (gross).

To me, if Fidelity Bank plc is raising N32 billion when the new capital requirements is in multiples of that, it raises a concern about the actual current liquidity position of the bank.

yMcy56:
Honestly, I can't agree less with you here.
Most of the post these days are making this forum to look like bet naija
We mustn't allow this platform to lose its core value, which is investing, learning the intrigues of getting this done and equipping individuals with the know-how of how to go about this.
Plenty pages with less meaningful posts.

I felt bad somehow that Oga RabbiDoracle left and yet we don't feel we have missed an invaluable person here!!
All what I can read was 'wrong predictions and all that, as if anyone can time anything
What about lots of predictions he got right?

Stock picks, Fine!
....but what about we all learn how to fish too?

This is always the trend during every bull market.

Streetinvestor2:
The driver and conductor don jump commot for multiverse motor on top hill.....wahala

Na fly wey no dey listen dey follow corpse enter grave 😑. I alighted at km 16.89 because a little is enough for me

This bull should start bullying everybody 👏

yMcy56:
To get DANGFOODS, simply buy DANGSUGAR or NASCON or both.

WEMA is doing Rights Issue, they can't give bonus shares.....
ETI coming out from turbulence, bonus is not expected here..... except they're not sincere to themselves again.
WAPCO: Don't know and not sure of this either.

He didn't mean that ETI, WAPCO and others will give bonus but he gave them as bonus (additional) to his stocks pick.

KayOn1:
I don't hear Sir. You go buy? Ready to sell without profit.
You know, there's blessing in blessing others & I cherish doing that.

If you are willing to sell at a discount, send a pm

KayOn1:
Morison on full bid with no offers. Okay!
Abeg make Resort Savings, UnionHomes, ... resurrect make I do hand over too.
Na beg I dey beg.

Whatever that you think you're handing over may turn out to be a blessing to new owners. That's one of the mystery of stock exchanges.

Streetinvestor2:
It is selling manipulation. When they are done I will see who they hope to sell the stock to with this few units of bid.They are deceiving themselves.i hope nobody here falls mugu

Not necessarily manipulation. Have you checked the number of share outstanding and compare with Japaul, the other listed company in the same sector?

For me, it has arrived at it's fair value range except there are other ongoing developments that are yet to reach the open.

olaremint:
Please house , how much is a commission a broker is expected to charge for fees,
I use cardinal stone for my transaction, wanted to dispose some shares and the profit was just 16k.
The commission was about 9k and I was shocked that commission should be higher than my own profit.

Commission is not calculated on profits or losses but on the entire transaction amount.

Commission is generally about 1.5% of the total sales proceeds or purchase costs but there's also a VAT on the commission, CSCS fees, SEC fees and contract stamp. All these will bring the transaction cost to about 2% irrespective of profit or loss

"Finance is overwhelmingly taught as a math-based field, where you put data into a formula and the formula tells you what to do, and it is assumed that you'll just go do it" Morgan Housel (The Psychology of Money). To make 2024 a successful year in your investment journey, you can buy the book or download the free ebook for timeless lessons on wealth, greed and happiness.

Merry Christmas folks

agbekoya:
Ha cashcraft where I paid expensive school fees, though I have recovered and move on just can't forget them

The Optimist will find the one good reason but the Pessimist will focus on the one bad reason.