₦airaland Forum

Sunrisepebble:
I’m yet to look at the numbers myself but what is the fair value of Oando. And why is the profit so low compared to the enormous revenue?

Raider76:
https://punchng.com/nnpcl-ends-n24tn-fuel-import-buys-from-dangote-refinery/

This is a saga of the revolving door. Tomorrow you will hear something else.

robobo:
my broda dont be deceived nothing is brewing

it is all white washing instead of being focus on top notch corporate governance

Locotrader:
If your order is partially filled, you can't cancel.
Your account will return to normal after trading and you will have the true balance of your account.

Definitely something was bought at 66 for you

demmynow:
Atlas Portfolio are the most useless broker in Nigeria by my experience. Their level of inefficiency is on a different level even by Nigerian poor standards.

I have moved all my shares from them.

Very useless and unresponsive.

KarlTom:
Nice one!

I hope this won't result in a price drop due to sell pressure...

brodalikeme:
So I have been following this thread for a brief period now and have decided to try my hands investing and trading in stocks. This will be my first time doing anything stocks. I’ve had some previous experience with crypto.
I have setup my Trove, investing.com and Trading View app.
I want to try small “shomtin” this week, I need mentorship please.

@yMcy56
@Locotrader
@Omooloriredade
@KarlTom
@Ades1
@Raider76
@Agbalowomeri

and the other gurus, show me road make I for no lose.

Raider76:
UCAP bonus shares have been posted on CSCS accounts. If you are eligible please check your CSCS account.

bovali:
https://proshare.co/articles/oandos-minority-shareholders-seek-clarity-and-proper-governance-on-outstanding-delisting-plans?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

ololufemi:
When I wanted to buy some on the NASD, I learnt that they have some insider squabbling going on there between the politicians and investors.

Anyway, I still went ahead to buy the shares sha under the view that no matter how bad it is, the same set of clueless politicians will not outlast the investors in any publicly listed business venture. 🙄

Sunrisepebble:
497,712,690 according to NASD.

Im still doing my research, and I will do so this weekend but on face value this seems like a better bargain buy than Ellah which is not producing anything. They even pay Dividend

Omooloriredade:
Highly unlikely directors and their families would trade this kind of insider information. It's one of the market infractions that's clearly black and white. Insider's have a blackout period where trade is restricted. If approval was imminent AND KNOWN TO INSIDERS, I doubt directors and their families will be trading the stock. *Please take note of the bolded.

My theory is that Aradel was oversold based on fear that a major holder was going to flood the market. However, ACA only sold over two days according to the link you posted. Over those two days, a total of 43m shares (including ACA's) exchanged hands. 4m exchanged hands the third day possibly marking the end of their sale. The sell down to N360 was just retailers selling out of fear which explains the characteristic relatively low volumes accompaning those susbequent trading days (some as low as 400k units). Retailers could also have been crystallizing their paper profits carried over from NASD.

From day 1, I doubted the possibility of a major holder flooding the markets with 700m shares. It's just unheard of as far as I'm concerned. Usually, such high volume trade is carried out via crossed deals between a major seller and a willing buyer.

Management simply took advantage of the FUD to increase their holdings and possibly encouraged their families and associates to not let the opportunity slip by. Trading pattern in subsequent weeks will confirm if management and their associates made the right call or not.

Disclaimer - Personal opinion only. I could be wrong.

Sunrisepebble:
A lot of directors dealings on Aradel released on NGX. What is cooking

chimex38:
Not surprised.
I think Dangote is one of the larger shareholders of Jaiz bank.

You can check the shareholding structure.

Health3:
Tantalizer has been doing poorly since the new core investor came in

Heishere:
It makes no business sense to buy above 250 at the moment. If I can't get it at that price I am fine. There are other better opportunities

Agbalowomeri:
Can we consider Dangote Refinery "a home industry"? That's my question

Agbalowomeri:
Technically, Dangote Refinery is not a local industry. It operates within the free trade zone and products from there could be considered as importation too.

What are the implications of total deregulation? Isn't it to allow all-comers in the market, whether importer or local? And the government is meant to hands-off totally? Why is Dangote chasing after government protection when the refinery is operating in a free-trade zone and not liable to pay some or any taxes to the government?

Mpeace:
lol. There are more responsible governments interested in the products. Like Ghana and Some of these neighbouring countries who have been buying from europe and smuggling products fron Nigeria, I only wonder why dangote keeps his focus on the Nigerian market. He should focus on export and see how Nigerians come beggening. Except if there is something we are not seeing.

GeeKudi:
The other portfolio on CSCS was taken down few days before the outcome of the reconstruction was announced. I gave this nregistrar the details.