₦airaland Forum

Yem0350:
Is is tru NASCON declared 70k div?

NASCON dividend for FY2014 is 50k with a closure date of 28th May 2015.

Elegantreworks:
Please House any news on NASCON

Following the trading pattern in NASCON in recent weeks is likely the result will deviate from the trend of Q1,2 and 3. Furthermore the recent N9 resistance level may be broken this week. Another news that may be in the favour of the company is the paste project which was to have been commissioned in Q4 2014. For me am in it big time though the usual 70k to 90k may not be possible this year. I rather see a 1:5 bonus and a 45k to 50k dividend. For about 4weeks it has been in the top list of stock picks of my broker.


Not a buy recommendation pls (DD required)

myjoy08:
Wishing us all a very bullish week. For those in Transcorp bus, you can digest on this news...


http://www.punchng.com/business/business-economy/transcorp-to-begin-oil-exploration/

Transcorp first oil has been a shifting goal post even the former president Obinna Ufudo once mentioned that the oil will start flowing end 2014. For Sacoil to have withdrawn from the farm-in tells a lot of uncertainty as they may have been frustrated with the management of Transcorp. The last information was the acquisition of data and looking at 2017. I see a lot of hurdles to Transcorp. Indeed the distance between exploration and production is a long one.

C&I Leasing 80million bid yet no offer..... Finger crossed

With this kind of result from OER (OANDO subsidiary) the only option for the shares of Oando will be south except for the madness in the NSE.
http://www.prnewswire.com/news-releases/oando-energy-resources-announces-year-end-2014-results-498368311.html

Bnsitl, Has the CSCS Trade Alert been increased? I noticed my broker has added 20kobo to the N4. MORGAN CAPITAL IS NOW CHARGING N4.20 while my accounts with IBTC is still N4.00. Pls what is it like with your broker?

WAPIC finally at the car park.....Am sore dead with greed? After more 200% profit yet waiting for 300%. Oh paper money!!

Is anything brewing with Dangote Sugar? 56million exchanged hand today. Is Dangote planning to spin this off or......

myjoy08:
Why would i abandon my brothers and sisters in the Lord? The fact that we are all human being with some many factors attached to us that is what makes our differences. Anyway nothing do you...Many people will get wealthy this year if ONLY they let go of their FEAR!

Check out this stock as Oga franklin as mentioned one...

FCMB
Diamond
UACN
Flourmill
Transcorp

I doubt if I can pick Flour mills for now especially with the naira devaluation. Ordinarily it would have been a good buy. In 2008 / 2009 they lost billion in the Naira /dollar conversion. I

OANDO and the moving goal post!
http://today.moneyweb.co.za/sensview?id=244719

YOU MUST BE ONE OUT A MILLION. I WILL BE THE LAST PERSON TO RECOMMEND THEM. THEY LACK ANY REASONABLE BUSINESS VALUE. MY LAST INTERACTION WITH THEM WAS WHEN I SENT A MANDATE FOR N2.5MILLION ORDER, AFTER TWO DAYS OF NOT FILLING THAT MANDATE, I CANCELLED THE MANDATE. THREE DAYS LATER I GOT AN ALERT FOR THE EXECUTION EVEN WITH AN ADDITIONAL PURCHASE OF DUNLOP WITHOUT ANY EXISTING ORDER FROM ME. DEFINITELY IT WILL NOT BE FAR TO DESCRIBE THEM AS FRAUDULENT! AS AT TODAY THE VALUE OF THAT N2.5MILLION IS NOW LESS THAN N100K.

oluwatosinade:
Do you know with Cashcraft I get my Buy and Sell orders executed expressly and its always at the best market price.

Bnsitl, Is anyone able to trade on the Morgan Itrade? Am unable to do anything, it comes with the error message "Session NSE Fix not connected"

[quote author=Dumexoga post=29155072][/quote]Thanks brother. Just sent you a pm. Thanks

Dumexoga, I hail o! You are the man I need at the moment. Reading the book of Robert Kiyosaki and your guts make me question a lot of my decisions that have been driven by fear. I ADMIRE YOU SIR. Your guts got me thinking and I completely believe your story based on my gain in Forteoil. I see your post as an encouragement rather than a boast as some have misinterpreted it. Hope you don't mind I will pm you.

Dumexoga:
Call it noise making or anything I don't care.I have made d money and its my money lol. I am shouting out to men who have d heart to make money. I have been following comments here, and I found out that there are so many chicken hearted people, who are not willing to change position financially.

3.5billion units of UBN Exchange??

myjoy08:
Oga sir, be patient. You supposed to get the credit alert before the close of business day today. Some get it yesterday while some have to wait base on your bank...

Bros, Thank you as always, am seriously waiting as the money is already showing up on the expense column of my account. Any change in plan by oga WT will not be funny.

bigass:
Lets work we dates. Oando 70k is 17th Dec. So lets wait.

BigXXX, Pls see the link below incase you are mixing up something.
http://www.oandoplc.com/wp-content/uploads/7OANDO_PLC_2014_INTERIM_DIVIDEND_CORPORATE_ACTIONS_SEPTEMBER_2014.pdf

cadno:
I don chop that one clean mouth, hmmm, na next awof mood I de now.
Market not smiling, lost over 50% of my portfolio already....

Today is 16th yet no action and NO information why. What is really in the mind of WT? Myjoy08 as an insider, any reason why the 70k that was approved by the shareholders has not dropped?

This is the kind of information an ideal regulatory body like SEC, NSE and those in the likes of Bonniface Okezie should act in the favour of minority shareholders. WILL THEY?? If Lafarge can pay 37.48 for the same stock and now wants to pay only 24. Even in June the improved Q3 2014 result of Ashakacem was not yet out which should have even meant a better deal. THE ASPECT I REALLY DON'T UNDERSTAND IS, IF I DECLINE THE OFFER WHAT HAPPENS TO MY HOLDING SINCE THERE WILL BE NO ENTITY CALLED ASHAKACEM

mercylicious:
for ashaka peeps

LAFARGE makes offer to minority ASHAKACEM shareholders


Dec 8 (Lagos) - Late on Friday of last week, the management of Lafarge Africa ( WAPCO ) notified the Nigerian Stock Exchange of its intention to conduct a mandatory tender offer (MTO) to minority shareholders of Ashaka Cement ( ASHAKACEM ) for 927 million shares, representing 41.39% of the company.





Ashaka Cement Plc ( ASHAKACEM )is one of the businesses involved in the Lafarge Africa merger - the consolidation of Lafarge’s Nigerian and South African business entities. Based on information from the company, Lafarge Africa will have to issue 57 new shares for every 202 shares held by minority shareholders of ASHAKACEM .





This implies an exchange ratio of about 1:3.54. Ashaka shareholders will also receive an additional N2 per share as part of the deal. The MTO opens on Wednesday, December 10, 2014 and closes on Friday, January 16, 2015.





Based on Lafarge Africa’s ( WAPCO )last closing price of around N 78 per share, the MTO values each Ashaka share at around N24.0 per share (cash consideration of N2.00 inclusive). This is around -2% below Ashaka’s last trading price of N24.6. Our inclusion of the cash consideration assumes that N2.00 will be paid for each ASHAKACEM shares exchanged.





The N24.0 per share value is also around -36% below the implied price of N37.48 that WAPCO paid for ASHAKACEM shares when it consolidated its Nigerian and South African businesses. At the time, the N37.48 price per share implied a premium of around 29% over the N 28.95 price that the shares were trading on as at June 05.





Analysts at FBN Capital in Ikoyi expect a neutral reaction to this offer.

Kevostica:
Hw will somebody buy Oando right at N22 while it is cheaper on the floor?. they need to rethink

You probably failed to understand that the rights was not intended for the shareholders. Is likely the money been sort had all ready appeared in the expense account. So don't bother the rational for the pricing. Last year when they were desperate First registrars adopted online download of the rights circular, but this time around they are not considering that. Why?

The development in these two metrics appear heart warming to the Nigerian Market. Hope the Coordinating minister does not see this as a basis to loosen the "tight belt"...... Whichever way the market will welcome this positively.

WTI Crude= $76.61 Brent Crude =$80.36. Naira up from $1/177 to $1/174.45

Is OANDO really planning that anyone will participate in the right? Or just for them and cohorts? With the mailing system in Nigeria, when will the circular arrive? I remember last time First Registrars showed strong performance in innovation with the online download of the circular, will this happen this time OR? We are watching.

Born2berich:
Sir, are you sure about this? I dont think i saw any post from Myjoy relating to this.

Please below and also refer to post of 3rd September 2014
myjoy08: Sir, i personally don't know where the issue of right is coming from talking of the price @ 15 Naira. I will assume is a self-wishes. Though, as far as i'm a little privilege to ve some information, oando might come for right issue but NOT ANYTIME SOON!!!

myjoy08:
21 November 2014
OANDO PLC ANNOUNCES ITS RIGHTS ISSUE
Oando Plc has notified The Exchange of its Rights Issue on the basis of 1
new share for every 4 ordinary shares held as at 25 July 2014.
The offer opens on Monday, 24 November 2014 and closes 19 December
2014.


Plz verify it before acting on such information.

Myjoy, was it not in your post few weeks ago where you boldly asserted that OANDO has no plan for right issue in the near future? Are you really an insider or there are meetings you don't attend?? There is God ooooo!

Bros, we must be looking at different results. OANDO PLC reports as a group not company. The OANDO PLC Revenue was down by about 4%++ and a PAT of 10.7billion an EPS of 1.26. Is that fantastic? Remember Q2 PAT was over 8billion in essence QOQ was less than 3billion.

myjoy08:
Sir, you mean a company making profit after tax from N1,201,528,000 to N21,965,569,000 is not a fantastic result in your own view Don't worry the immediate bull run you are expecting (on Oando) might caught u unaware!

@Myjoy08, was this the OANDO Q3 "fantastic" result you prophesied or there is another one coming??

myjoy08:
http://www.nse.com.ng/Financial_NewsDocs/8064_OANDO_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_NOVEMBER_2014.pdf

Am really concerned that despite all the complains here on the Morgan website warning the Morgan handlers are yet to put up any post regarding the state of things. Is unfortunate how not to handle things by a service provider. MORGAN WHAT IS THE STATUS?

myjoy08:
Sir, don't trust me but believe me there is nothing to fear about. The major issue behind this is the fall in crude oil and it is just a temporary issue. Nothing, I said nothing to fear about. Just be buying a good fundamentals stock in tranches if the means is there. Sir, once again, there is nothing to fear about. When election is over, I will like to see another gospel of fear that will be disseminated....

How temporary is temporary. My brother, we are in a long haul.

passwelle: NSE made them change it. No disappointment for these set of Cowboys. The offer will be OVERSUBSCRIBED (e.g recent news suggesting FG wants to increase its holding in the said hotel).

Bros, remember the days of Bank consolidation, Dangote appeared in almost all the offers as well as the DG who turned market maker for the Banks. I read that news you quoted and had a feeling of Govt doing a PR to solidify the position of the cowboys. Well lets see how it plays out. For me it seems too expensive at N10 with OS of 8billion (post IPO).

Has anything changed on The Transcorp Hotel's IPO? Thought it was to have opened on 24th September and end on September 3o.

When I thought this would have ended, then I got this mail today from one of the NSE brokerage firm "XXXXX Securities Limited would like to invite you to participate in the on-going Transcorp Hotels Plc (THP) Initial Public Offer.
THP is offering 800,000,000 Ordinary shares of 50 kobo each at N10.00 per share. The offer opened on the 25th September and is due to close on the 17th October 2014"

Did the cowboys get some disappointments? Any reason for the shift in dates

OANDO PLC Analyst Conference call FY2013, Q1 2014 and H1 2014 Results. BNSITL, I think it will be nice if we can call into this conference call and express some of the critical views that we have expressed here just incase the Oxygen boys will change for better. For the program details see the link below.
http://www.oandoplc.com/investor-relations/

For those in Nigeria date is today 30th September and time is 4pm, USA 10am CDT.

Is anyone watching the almighty Oxygen? Nearly no offer at this moment at a price of 26.31. Any reason or another hunters expedition??