₦airaland Forum

Like I said yesterday, same thing is currently happening with NASCON.
The MM are kings of the business of manipulation.
Raise the last price to maximum then commence trades of less than 100k units at 'full offer rate'
So far over 6million units of the almost 10million traded today have been at 64naira or below...

KarlTom:
DANGSUGAR has been trading for below its last price for days
I will go with your latter presumption though

The BUAFOODS game is an open challenge to DANGFOODS.
There's a gold mine here.
I am just skeptical about what the entry price of DANGFOODS will be...

yMcy56:
BUAFOODS sighted at above 400 intra-day?

I think Sugar/Salt is presenting a good opportunity for those who can wait and be patient.

We don dey talk this thing here now, when market is battering both, when it took off, someone will now come out to ask if it's good for buy....
My ogas are there to answer, make dem count me out.

We don't even know the games those guys are playing again......na Siddon look we dey for now...

What's happening with NASCON

Ding!

DANGSUGAR has been trading for below its last price for days
I will go with your latter presumption though

vacanci:
all because someone made a panic purchase of Nascon today. That's what i can deduce. probably an insider information

NASCON finishing above DANGSUGAR...
FBNH trying effortlessly to take FIRST position...

Interesting Times Indeed...

Almost there...

Krisuba:
It's like people are tired of waiting for d almighty DanFood to arrive!!

A rally for DANGSUGAR imminent...

yMcy56:
NASCON
Some swift picks.... up to 66.......
* Ahead of Sugar intra-day.....so far


FBNH
@34.10!!
The offers looks suspicious, like they lined it up for Cross Deals before now.......just say make I no too forward....
Another N1.1bn don enter the stock....

Agbalowomeri:
The tone don change to dong

Bargain hunters will feast...

megawealth01:
What if OANDO goes back to below #10?

OANDO things dey long for explanations sha

Dingggg

Here is the all important link to access General Trading Statistics such as

Indices reports, Daily official list (equities, ETFs and bonds), Gainers pricelist, Outstanding shares, Market capitalization, P.E. ratio, Weekly summary statistics etc

https://doclib.ngxgroup.com/market-data/trading-statistics/downloads

Enjoy

ositadima1:
@Mcy56, can you please help me with something?

If you use a broker other than Morgan Capital, could you provide me with their daily price list for Monday, February 19, 2024? It would be great if it contains the high, low, close, open, volume, value, and VWAP for each stock that day, similar to Morgan's format. I hope this is not too much to ask.

Thank you for your help.

10.95

PETERiCHY:
Sista Mercy You forgot to add OANDO on full offer at #11.05k


BARGAIN HUNTERS TAKE NOTE!

You also noticed abi?
Coded transactions...

yMcy56:
GTCO
Cross Deals and more cross deals @39.85...
Over N1.2bn spent in transactions so far....

Already, FBNH displaced UBA again......to be trailing ZEE behind...

TRANSCORP: Lots of interest in this stock in recent times .....

Ding!

They cannot give you a tangible response: they are just brokers/issuing house.

I also thought of (and queried) this move.
BM is on Wednesday. CP issuance closes on Tuesday.

Plenty gaps/questions but we'll wait until after BM...

vacanci:
I even replied them asking them why commercial papers when the company will change name soon

29.00 seems like the accumulation by an individual.
The string of trades started about an hour ago...

yMcy56:
FBNH @29....
The banks are looking like they're stabilizing and adding flesh to their previous sheddings....
GTCO up with +95k so far.....
ZENITH, ACCESS, FIDELITY, UBA refused to shed major weight so far......much defence from their sides...

vacanci:
Dangote Sugar Commercial Paper is out

Key BM dates:
DANGSUGAR - 28 FEB, NASCON - N/A

We'll likely know more about the merger...

yMcy56:
Meanwhile, SUGAR and SALT met at same price junction earlier.....intra-day.....@61

Both now parting ways again.........
SUGAR @64+ intra-day
SALT @60....

I think SUGAR is cheaper when we compared the two ahead of the Merger.....

The merger just putting people in suspense anyhow....let them do something about it soonest jorr.....the waiting is becoming frustrating.
*Bargain hunters won't like this*

Ding!

Do you still think they can salvage the situation?

faoogoke:
Tinubu will be surprised that the $10 Billion he want to raise will not stabilize the naira at the end of the day.

He and his economic team better stop being nice and get dirty by using unconventional means to keep the naira alive.

In other news, should we read any meaning to the resignation of the NGX CS (after about 14months in office) barely2 days to the BM?

Add the fact that most businesses are reliant on FX to operate without producing anything for export...
Very sad reality...

stcool:
Its not hard, you think the average businessman gets $ through Binance?

Take a walk to any mallam around your area and ask for $5,000, you will hear the actual price and that is, if it is available.

Let me say it again, Nigeria does not have $, Buhari and former CBN Gov. already wasted oil revenue from 2015 - 2023. Took loans from foreign banks using our reserve as collateral and went ahead to commit 5yrs of oil revenue to services debt + printing more naira through ways and means on non-existing projects.

Your oil production is dropping and even the revnue from the ones produced would first be used to service debt before anything.

Here lies the problem of your Naira!!!

Largely correct!
Due diligence is needed though.
Sometimes the reverse is the case...

WantsandMore:
Buy when everyone's selling.
Sell when everyone's buying

This FBNH matter is very intriguing...

Princkez:
FBNH on bid...#28.70

BabsO2:
Ony for a while till improved security for example is established.

BabsO2:
Cardoso needs to revert back to the so called unorthodox methods he reversed and even add more join. Ban rice import etc. Even ban jeep importation etc join

Stop thinking...

megawealth01:
I think patriotism lives abroad

Ding!

yMcy56:
Honestly!
It's been a bad investment since it was listed. I learnt the issue came from the listing price coupled with illiquidity

AUSTINLAZ too....I don't even know what they sell....

UNION DICON SALT....At some point I was even thinking Dangote will buy this one as well.

OK oo. So here's AUSTINLAZ FYE report...
https://doclib.ngxgroup.com/Financial_NewsDocs/40358_AUSTIN_LAZ_AND_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2024.pdf

megawealth01:
You no open gate on time today... Seems you don migrate?

DIng!