₦airaland Forum

https://www.proshareng.com/news/Data---Financial-Inclusion/NIMC---Court-Stops-Issuing-of-National-I/48056

Chams about to get their pay from treacherous Mastercard?

onegentleguy:
It's October Two-Nine- my Born day.
...its yet another year !!
A big +1 for me- small me !!

Thank GOD for his gift of LIFE and MERCIES... for without him, I am nothing !!

Happy birthday boss. More knowledge to your medula and more ink to your pen

locodemy:
If you have been following you,you will know his people are laying hands on it base on this latest result.

Meaning they have seen it already. insider things

Any news on Courtvielle? Why so much bid?

onegentleguy:
Not much is known about the acquired coy(ADSWITCH NIG PLC) except for the fact its a company that manufactures and markets industrial and consumer switchgears.
The company was however delisted from the exchange sometime in May, 2016.
Prior to then, the company was a struggling one.

As for the acquirer firm (CUTIX), the recent script issue brought about some dilution that pilled up pressure on profitability.(EM and ROE in view)
...and this proposal will likely add to that pressure(more dilution in view)
Given citix' most recent financial print, it looks like a plus that will help broaden their bottom line. ...however, impact on top line will depend on what plans management have in place.

On paper, it looks like a good deal.
However, i'll prefer to be cautiously optimistic.

Bottom line: There are better deals to permute from market.

Boss thanks for this info. I already have cutix shares. Was trying to know which direction to take

According to Cutix's announcement, they are planning to acquire adswitch plc. Gurus in the house what is the impact of the news on both companies' share price?

UBA dividend don land o

I remember Stcool mentioned a management reshuffle in Chams. Confirmed it with the replacement of the MD with a young fin-tech guy. I would like to know what their new business direction, goal and strategy is? Any info on this will be welcomed.

swilo:
Remove ya eyes from the 11.

At this rate, by year end, it should be USD 11,000,534.

What am I doing on nairaland sef?

The figures are damn impressive.

I wish that was my account.

swilo:
If u see Fbnh @2 will u buy?

Sure. Last last they will be acquired

meshpips:
Okay, 30 - day project over!

Where is my buddy @northeastern, I have got RESULTS for you.

Next time, please don't push me into doing such again okay?

My eyes must be seeing double? You grew $500 deposit to $11,000?

onegentleguy:
People were cautioned about the possible value trap in FBNH long before now. ...at the time the stock was still selling for near N7.
Yes, it is gradually coming down(in price) to a good value zone. However, when u benchmark the coys risk-return to that within the circle of its 1st tier peers(ZENITH, ACCESS, UBA, and GTB), u would see that the stock is still a bit expensive(MoS margin with ROI in view) compared to others.
The interpretation of this is that it is still better to choose its peers (particularly the 1st 3) ahead of FBNH given their current prices.
This is in view of a possible MoS from both dividend cashflow return and capital appreciation.

Folks will recall the post above.
The rest is history.

OGG, You are doing a great work here sir. Your analysis for me are always spot on. Infact they are part of my daily reads and reference points. I will buy you a mansion when I make a billion in this market

PETERiCHY:
So you know all this and still allow FO sold MONKEY to you in place of BABOON

The two are different na. For FO, there are hidden bunches of banana that can turn the monkey to baboon

Agbalowomeri:
Lol na because u don buy? We dey wait for N3 or no deal

N2 sef. Bank that is looking to invest heavily on Business Intelligence, it means something is not going right at the moment.

arduino:
Abeg, them never reach GTBank turn. I get plans for that money oh.

I use GT and I have received since morning

locodemy:
When did you get yours?
No show for my side o

5mins ago

veecovee:
House pls help me look into FO ... again.

Do I take loss from here or wait a little ...

cc CP, OGG, etc

If your loss is little you can. Mine is too heavy to leave now. We die there

Zenith pay don show o. If they never pay you be patient you will receive it soon

ITSURS:
Today is payment day for Zenith Bank's interim dividend. Is there anybody here who has gotten payment alert?

None here.

emmanuelewumi:
Majority of employees and corporate executives who are earning millions of naira as dividends used loans to buy shares.

The new CEO of Zenith Bank increased his holdings by 30 million units in the last 12 months, he must have taken a loan to do that.

Kunle Alake increased his Dangote cement shares by over 2 million units in the last 9 months.


The most important thing is that you should not bite more than you can chew.

After witnessing what the 2007 crash did to some debtors, I vowed never to collect interest bearing loan to buy stocks

emmanuelewumi:
You pay loans from your cashflow and not from capital appreciation, because it is not certain. You get cashflow from your salary, dividends, profit, interest, rental income.

Taking a loan that your cashflow cannot accommodate is speculative and highly suicidal.

Bottom line don't take loans to buy stocks. It never bodes well eventually...

Northeastern:
Na Bloomberg terminal, you pay $2,000 per terminal for month, na companies get an mostly for Naija.

Na my Oga login I use as me still be Seyi and Muyiwa

It comes with a dedicated workstation right?

I see it in our Investment dept and just pass. Never knew it could be this useful to me.

DeRuggedProf:
You want to do complex calculations for wetin?
Arrange your boys to bring this guy to you...

lol. Baba go beat up my boys jare...

currentprice:
very soon those pple will go on the floor to continue mopping any available fo. if they can paid N66 to buy more . they will buy much more at less tha N20 on the floor. i expect FO to turn to permanent bid soon

hmmm they saw FO fairprice as 66

i saw it before now as 39 for half year so full year with similar performance will give us almost same fairprice

chai! my bedsheet sees well

Baba abeg how is fair price of a stock calculated?

735i:
If i were you, i'd start realizing my losses. 500,000 units is too small for it to move the share price.

Before I do I need to understand some thing:
Would they be buying the share from one individual? If not what is the selection process?

This Offer Document relates to a Take-Over Offer (“Offer”) by Ignite Investments and Commodities Limited (“Ignite Investments”) to Qualifying Shareholders for the acquisition of up to 500,000 Ordinary Shares in Forte Oil Plc (“Forte Oil” or the “Company”) at N=66.25 per share (provided that Ignite Investments shall not be required to acquire any shares in excess of such number of shares as would take Ignite Investments’ aggregate interest in Forte Oil up to a maximum of 74.06% of the issued and paid up share capital of Forte Oil) in accordance with the provisions of Part XII of the Investments and Securities Act 2007 (“ISA”) and Rules 445-448 of the Securities & Exchange Commission (“SEC”) Rules and Regulations (as amended).

Abeg Gurus in the house help me us interpret this from FO. What does it mean. I have shares I bought at N33 in anticipation of the take over only to see that they are taking over only 500,000 shares.

Should I be dancing or not?

lagbaja:
FYI

Which stock is this abeg?

Mpeace:
To that voice saying to me : this is the best time to buy japaul.

I say to you: Gerarahere

Baba any news on Japaul? Na our meat be that o

mendes911:
Dunlop and Bank PHB Sir. Come and lets do a cross deal.

Those ones are dead now. Not distressed...

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/27306_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_AUGUST_2019.pdf

N24 final payment.

My patience finally pays of. Onto the next distressed stock. Anyone you know I can beam my searchlight on?

Mpeace:
hw much them wan pay sef

I don't know o