₦airaland Forum

"A rights issue is an offering of rights to the existing shareholders of a company that gives them an opportunity to buy additional shares directly from the company at a discounted price rather than buying them in the secondary market."

ojeysky:
But it's currently almost 15naira so how is it better at 10naira rights issue?

FACT!

Some SILENT big fishes dey here...

TAJIBADE:
By the time you check this page and run to the market. Na so so full bid u go see.

Jaiz
Tip
Japaul

I respect Una for hear o

You're so on point!

unite4real:
What is going to happen in this first quarter will be a bandwagon

The last 364 day treasury bills of Dec 13, 2023 had N11 Billion on offer with total subscription of almost N1.5 Trillion with stop rate of 13.5%


The next 364 day treasury bills of Dec 27, 2023 had N48 Billion on offer with total subscription of almost N1.0 Trillion with stop rate of 12.24%

Imagine after hearing the news of the Nigeria Stock Exchange performance for last year, where do you think those excess cash will find their way to.

Your guess is as good as mine.

A lot of them are coming in now and may get slaughtered

For those interested in Insurance stocks, here are the top 20 (listed on the Exchange) according to Atlas Magazine (April 2023)

yMcy56:
.....and you quoted that long post to say just this?

...

Heard Dangote foods are at SEC

KayOn1:
I fear for Newbies. Pls only stocks with Fundamentals.

I can not emphasize DD enough.

The ones I wan sell, nobody wan buy.
The ones I wan buy, nobody wan sell for my price.
There is GOD o.

TAJIBADE:
What’s happening in Unity bank this New Year? Seems it’s full bid

This is totally uncalled for!

He stated his opinion. If you have something contrary, state it or better still ignore and move on...

sboga:
omo who ask u ?
only a fool dey give free advice...
SS2 student advice go past your own...
sidon smallboy

Sometimes, it is better to wait till 'the end'.
I for one am regretting disposing Daar and Transcorp when I thought my funds were just being tied down for nothing...

veecovee:
I really wonder what's delaying the merger ... See as I tied up my funds there ... missing many opportunities

DangFoods will definitely exceed 100. Recall that the share price of DangRice is still a 'mystery'

ositadima1:
The trillion-naira capitalization club, home to the Nigerian Stock Exchange giants, could soon welcome Dangote Foods Plc.

With its proposed 17,351,322,596 shares and a current share price of 57.45 naira, Dangote Foods would boast a market capitalization of 996.8 billion naira.

Reaching 1.7 trillion naira mark would require a share price of 100 naira, placing it behind BUAFOODS still!

Another pensive trading week ended.

See y'all next week...

...

KayOn1:
To the person that bought my Cadbury at below 13.50 when I didn't know better,
I want it back at that price!!! DEAL?

...

KayOn1:
The way some people are holding so strongly to some stocks ... , na wa o

Okay o...

vacanci:
This information broke out since November 1, 2023 and no full bid since then.
Why will it go into full bid now because someone reintroduce the news.

NB...

...

ojeysky:
Wapco is just stagnant sha

We are all thinking

Boshins:
you think? Lol

Very possible. It's a medium to long term stock...

PuristForest:
i think Jaiz will see 1.19.

Very valid. I also scooped some @1.5

unite4real:
for the past days, someone has been entering the market and dashing us Jaiz bank at 1.50. even when it's trading at 1.60, you queue at 1.50 and the saviour comes and goes. maybe when he is tired, Jaiz will start looking up.
I hope i took a good decision to mop all i have at 1.50 sha?

Emoticons?
Gut feeling?

yMcy56:
Btw, something tells me KarlTom is also Megawealth01

That's no news...

yMcy56:
Market closes at 2.30
* Buying and selling stops @2.25pm
* The remaining 5mins (2.25 to 2.30) is for Market Makers

* So also for opening:
Market opens @10
* Premarket starts at 9.30am to 9.55am
* Remaining 5mins (9.55 to 10) is for Market Makers

...

Mfunkynation:
I don't understand!
you collect money and you want to verify...
Abeg sent it to me make I checked something

United you stand

megawealth01:
Interesting days might be ahead sha...
Make my unity shake body na

This has been going on since yesterday

yMcy56:
ACCESS: Sighted @22.50! ....22.75.....23!!
Even with offers more than bids as at now......
* The forces buying this are not on queue at all.....
* Over 1bn spent so far .....

FBNH: 24.60

UBA: 24.35.......

ZENITH: 36.90.....36.95......37!

FIDELITY: 9.50!

Every where is calm.


Massive clearance in ACCESS

IMO

Not looking good (as usual with UB).
It gives a pointer to the state of the bank. Q4 2023 projection looked better than Q1 2024.
I believe that this report will oil the wheels of the proposed takeover.

Popson92:
Well done KarlTom,
How do I interpret this?

UNITY BANK UPDATE
https://doclib.ngxgroup.com/Financial_NewsDocs/185_Unity_Bank_Plc__Q1_2024_Earnings_Forecast.pdf

Mpeace:
Once this Oga pick any stock, he no dey look back.

Is it live?

BabsO2:
WEMA Rights Issue of 8,572,103,573 Ordinary Shares of N0.50 each at N4.66 per share

on the basis of two (2) new Ordinary Shares for every three (3) Ordinary Shares held as at the close of business on September 28, 2023

Acceptance List Opens: December 11, 2023 | Acceptance List Closes: December 29, 2023

This rights offer is rapid !!!!

Depends of what you can lacklustre. UACN, Regency and a couple others had some gigantic deals

Phlinx:
Judging from today's lackluster performance, there should be high expectation for Monday to be positively bloody!

A link or case number would be good.

Regardless, OandO is destined to rise considering all the recent acquisitions and partnerships.

mikeapollo:
PLEASE TAKE NOTE: 5 SHAREHOLDERS APPLY TO FED. HIGH COURT TO SET ASIDE ORDER TO DELIST OANDO
I just read that some 5 shareholders have applied to the Federal High Court to set aside the order granting OODP the the right to acquire minority shareholdings in OANDO PLC.

This could mean a new twist in the whole case.

Source: see a reader (Abiodun-Johnson's) comment in the link/page below
https://nairametrics.com/2023/12/06/court-adjourns-oandos-minority-stake-acquisition-case-to-february-5-2024/