₦airaland Forum

Sovereign Trust Insurance, thanks for another +7%

i don bellefull sef.

Mcy56:
Okay. You don port here.

Sovereign Trust Insurance +8%

Mcy56:
Wetin this code mean?

Hushpuppi

Nice. Oil is still the highest contributor.

lol. baba e pain me oh cos i sold at a 15% loss

locodemy:
Be happy because what you did is of the holy spirit.

oh my God, i don sell stock wey i wan buy more today by mistake oh.

https://nairametrics.com/new-currency-futures-rates-point-to-possible-weakening-of-the-naira/

also, election dollar demand for bribes and laundering. pullout of some foreign investors due to the political volatility, us-china trade war, us interest rate hike.
alarming cost of petrol subsidy. record growth in nigeria imports level.

We are just doing patch patch with our economy.

well, wetin i sabi sef.

maishai:
Pls elaborate more on this, i can start accumulating more dollars instead of equity

Because our currency is currently overvalued, as our petrol subsidy cost is becoming overbearing. They won't devalue the naira till after the election

yom2:
I don't know why our foreign reserve is no longer growing. it has stagnated at 47b for d past 2months. unlike before emefiele use to announce significant increase every 2weeks.or are they siphoning election money first?

Nice

ok

i need more offers. make i stock up

locodemy:
welldone
you don succeed in sending it to bid.

There is a new majority investor; Morningside capital, which is owned by the past Ceo of Diamond bank Alex Otti.
https://nairametrics.com/there-is-a-scramble-for-sovereign-trust-insurance-shares-and-its-driving-their-share-price-up/

Well I bought at 0.22k and now we sailing to 0.33 in one month. The stock price is highly undervalued, I expect 0.50k after 2nd qtr result

yom2:
abeg gist us wetin dey happen?

Some people no know wetin dey shele for sovereign trust

again

A Federal High Court, Lagos, on Wednesday convicted Ms. Ibukun Awosika, Dr. Adesola Adeduntan, the chairman and Managing Director of First bank Plc, respectively, as well as the bank for their refusal to honour the payment of N122 billion bond guaranteed by the bank.
https://www.nairaland.com/4546926/contempt-court-convicts-first-bank#68248247

Liberty Holding cancelled the group’s R160 million plan to acquire a 75% stake in UNIC, Nigerian long-term insurer.

https://www.moneyweb.co.za/news/companies-and-deals/libertys-munro-overhauls-strategy-as-full-year-results-disappoint/

Source??

After the freeze

mumus dey like other people story

Why don't they allow shorting in nse sef ?

TLAX:
I just wish "shorting" was possible on NSE. A few stocks i would have gone short on today cos i know they are still making "yanga". What will be will be.

hOW MUCH DEY USE BUILD EFCC OFFICE?

EdificationBoss:
https://newshelm.ng/wp-content/uploads/2018/05/DdQJ5x_XUAIKh-7.jpg
According to VP Osinbajo, his visit to the State was on behalf of President Mohammadu Buhari, who has also promised to provide security to all villages & communities that were attacked, rebuild destroyed communities, and restore all farmlands lost to attack.

In His Words:


The Vice President, in his speech further revealed that President Buhari has approved a total of N10 billion for rebuilding of villages and communities including farmlands that were attacked in Benue and other affected States.


http://newshelm.ng/buhari-has-approved-n10billion-to-rebuild-all-affected-nigerian-communities-vp-osinbajo/

Lol, I don port yesterday at 0.42. veritaskap full offer is due to profit taking, I made 74% gain in 3wks, bought at 0.21. I'm still watching to see how low it falls for a possible re-entry.
Meanwhile Sovereign Trust Insurance about to do same run. Watch out!!!

Mpeace:
Veritaskap. Lol. If you are trapped you are trapped. No two ways. Hope that guy that was asking questions on this company did not plunge in.

May is veritaskap. But when will they release result.

Deadlytruth:
After the January bull it has become two or at best three stocks per month as per bullish rally.

February was Japaul and Hallmark.

March was Glaxo and NEM

April was Skye Bank and Jaiz after a sustained downward journey, and Oando.

May is CCNN and probably Caverton.

+74 % in 3 weeks veritaskap

fxuser:
Top 3 Gainers last week

CCNN +29.75%
Veritas Kapital +27.27%
Eterna +20.73%

veritasKap still rising. +62% in less than 3 wks

meanwhile Caverton AGM tomorrow...

loke loke VeritasKAp, +42%

the core investor bought it at 0.77 per share just last year, showing that the company is greatly undervalued

wanaj0:
Na Insurance company ooo. Used to be UnityKapital Assurance PLC until Unity Bank divested and they now have a new core investor Veritas Capital.

Awa ti VeristaKap, +37% in 2weeks, still full bid