₦airaland Forum

KarlTom:

Forcing the hands of the 10% to play ball or ...

Nostradamus abi Norrenberger, una dey try well well.

Chams on full bid. Let's go.

Hello Everyone,
Still thinking whether to go the penny stock route or that of value investing but pennies sure pays once in a while as picked up 100% from AKTS within 3 days but ...

@Aremso & others, will you guys be willing to post entries on your watchlist once in a while so we can exchange ideas?

Thanks

Veritas that people were pursuing @.70 yesterday they no see on full offer @ 0.63 today.
** This market is definitely not for the faint hearted. I laugh in Swahili.

DeRuggedProf:

It is a marathon.

Am I the only one who has noticed or ...
So one cannot deactivate his account from Nairaland again or what

KarlTom:
Actually 5k was the initial seed...

He used four key words/phrases: drive and motivation, hustle harder, invest more, reinvest returns

After I asked him how he did it.

** I just wanted him to put the full context of how he did it upfront so poeple have the whole idea from the onset.

KarlTom:
21+ years is not really a get rich quick...

From 5K

W0t0w0toman:
When you start with 50k, it give you the drive and motivation to hustle harder and invest more, as well as reinvest your returns, that is how I did it.

Perfectly makes sense. With you putting the whole picture in perspective will make newbies understand this is not a get rich quick lotto. People do get burnt seriously in the financial market and many have been scarred for life.

My Respect. 🙏

W0t0w0toman:
Use your brain, 50k dey enough to invest in some growth stocks that are currently cheap for market...
Use your brain, and don't let yamayama fall on it... UBA, fidelity, FCMB, Nigeria brewaries, champion brewaries, upstart holdings in USA is currently on give away, Nigerian tresiry bill also is there... Use your brains, invest the 50k and build from there.... I started investing with 5k naira in 2003 as an undergraduate back then at nsukka, today my worth dey in 9 digits, through power of compaujnding

9 digits na 100M+ from compounding 5k. Definitely will like to understudy how you did it. Will you take me under your tutelage
** I am sure you have a spreadsheet detailing how you arrived at your figure.

*** Great advice all the same.

essentialone:
Chams has dropped from N3.65 to N1.50

Buy, Hold, or Sell Off?

Answering this type of question is above my pay grade but I will try this once to punch above my weight.

** The upside going forward is higher than the downside " IN MY OPINION ". They might push it down to 1.40 or even 1.20 before it goes up but I don't see it going lower than that.

But then who can read the mind of the market with certainty

DD as alwayZ.

Just thinking out loud

** How come SovrenIns is trading below Veritas when they are paying dividend & Veritas is not


*** I am not BUYING any!

DD as alwayZ.

Mankind2024:
https://doclib.ngxgroup.com/Financial_NewsDocs/41375_HONEYWELL_FLOUR_MILL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MAY_2024.pdf

The key takeaway from Honeywell's 105-page bloody financial statements is that the company is now a going concern.

"Save the worst for the last"

Notably, the company has a negative shareholders' balance, and its liabilities exceed its current assets.

The company reported a loss of N10.1 billion for the year ended March 31, 2024, compared to a profit of N256 million in 2023. As of March 31, 2024, the company's current liabilities exceeded its current assets by N21.6 billion, compared to N11.1 billion in 2023.
A significant portion of the payables is due to related parties.
However, the parent company, FMN, has issued a letter of support, committing to support the company in meeting its obligations as and when due.
"GOING CONCERN ADDRESSED"

So what do you advice one do - Sell off their holdings?

** 24B+ Fx loss, & 9B+ Tax credit

I'll gladly take up RI here if they decide to go that route than some of the RIs' coming up. For those that want to offload, we will mop up at 2.xx ... & below.

My 2 cents.
DD Adviced as alwayZ.

Make I no even talk about the IB RI matter wey it is even cheaper on the floor than the RI itself wey we go beg put before they credit the subscription like Wemabank.

Glaring some of these people look us as dimwits but ...

Papamrs:
I am new to this stock thing, I will like to buy , have downloaded Bamboo app,
which stock can I invest ?
Is 20k ok to invest?

My 2 cents:

Look for one moniker BullBearMkt and read all his postings from the very first post till the last to have an idea of what this thing is all about, ask any questions you might have from the reading here before you start.

If not, ....

You might be better off playing Nairabet.

SetrakusRa:
https://doclib.ngxgroup.com/Financial_NewsDocs/41297_FBN_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

40k dividend?

For real I talk am say FBNH go scatter people Dada. No need to even go thru the FS.

KarlTom:
It's 50-50.
I personally am divided over reinvesting the UBA dividend or holding on a little bit maybe the price will tank further...

UBA @19, FCMB @6.20 even though I know say that one na fluke, ...
You sure say e no dey attractive enough to bring the UBA dividend reinvest?

Do your DD o.

onegentleguy:
For those sending me mails/messages on INTBREW, I said I won't be talking about the coy since I already did enough in time past.

The problem is that most persons do not know why they invest or should invest in a company.
Still, some do not understand what a share capital reduction exercise entails.

For the naive fellows (the one's I often feel sorry for), here's a simple brief;

The company's rights issue is actually part of a share capital reduction exercise (CS reorganization & BS restructuring) aimed at neutralizimg the recent impact of accumulated losses and birthing a healthier capital structure that can allow the coy perform more optimally going forward.
The 6 for 1 RI may seem bloated, but that approx 161.17B ordinary share issue is priced at a per value of 2k. At a per value of 50k, it's just about 6.45B shares. (if 2k >> 161.17, then 50k >> [161.17/50] x 2,= 161.17/25)
This is why a part of the circular reads in part;
"...to offer to the shareholders the proposed rights issue of 161,172,395, 100 ordinary shares of 2 kobo each..."

So essentially, the company's RI exercise is expected to raise N3.65 x approx 6.45B capital... which is approx N23.55B
The proceeds will be credited to the coys share premium A/c before been utilized to neutralize her accumulated/retained loss position.
See the RI as a form of CAPITAL REORGANIZATION EXERCISE. (a key step in restructuring for T&GCs), which in addition to the aforementioned benefit, will also allow for a more robust and efficient CS and create the "fertile ground" for future cash flow reward to shareholders.

As I stated in a previous post, There are pros and cons with the expected share capital reduction exercise (ref: reduction in nominal value by a factor of 25x) in between the planned RI.
But I know most folks will focus on the cons and fail to efficiently benchmark it against the undisputably much better pros. Am hoping that more persons will sell off their holdings, so price can drop a bit more.

HOLD! ...it's a great midterm play.
That would be my candid advice, especially to the naive ones.
But PLS do not hesitate to sell if you so desire.
...just do well to follow your instinct.

I know INTBREW will make us a lot of money!

CAVEAT: NOT to be inferred as any sought of investment advice. Due diligence still applies as always.

cc: @streetinvestor and all

Selah

Sorry no vex o, will you be taking up your own RI?
If par value of 2k is priced @3.65, 50k par value will amount to ... with the plenty OS abi they wan do reverse stock split later?

Na question I ask make I no for loss again as I never recover from Wema Bank own I take.

Ginalex:
Make me sef follow you wait

Do your DD o but ...

crownprince2017:
Dear TA profs can you pls tell us how far down transcorp can go, can it reach 8? Before rebounding.

Do your DD o but I believe the trend reversal might be imminent. If I were in your shoes, I will start picking up in tranches going forward even if it keeps dropping.

** Some people bought at below 2 & below 6 and sitting on massive profits so can afford the luxury of playing around - " My opinion ".

sterlingD:
Fallout from the CBN interest rate increase (correct me if l am wrong)

Sanusi reinstated.
Ok.

222Martins:
Something funny is happening in TIP. Those in the bus can shed more light . A director in TIP, AFOLAYAN SAMUEL OLAJIDE bought 2,200,000 units of TIP at N2.03 on the 15th of May 2024, and equally sold 5,069,015 units at the same price on the same date. And i am wondering, what kind of play is this?

Reason some people got it at 1.70 today.

There is really fire on the mountain. Transcorp, FCMB, NEM, ... on full offer.

Ok

Interesting times ahead. Chams on full bid, Transcorp @10.50.
Ok

KarlTom:
It's 50-50.
I personally am divided over reinvesting the UBA dividend or holding on a little bit maybe the price will tank further...

Do your DD but for some stocks here, the recovery will be very swift.
There's a reason BullBearMkt said that a lot of money will be made this year & next in the market.

Ades1:
Regarding the quietness of this place, you never see anything lol.... This place go be like cemetery when the real bears take over.

I said it before, when e red, everybody go fly fence

Hopefully, things will improve a little bit from Monday when money from UBA & FCMB dividend enter the market except recipients divert am go TB & co.

KarlTom:

The market sure has a way of humbling someone.

**
For some stocks, the correction abi battering don too much wey even people wey dey find grave robber price dey even see am 🏃‍♂️.

How do I justify that the second tranche of my Chams is sitting on close to 40% paper loss eventhough I know it will recover?

BullBearMkt:
lol!
"Panic talk" can lead to panic sell
Nascon SP != 33

I need the "Panic Sell" to reach NAHCO & a few others ASAP!

As here don too quiet, make I dey keep am going small small till our madam & moderator(s) come back.

Credit alert o for all the dividends at once. My Berger Paint dividends no come reach 2 weeks again.

Abeg, Meristem people for here, I dobale for una.
Respect 🙏.

Transcorp @10.60, Japaul @1.80, Nascon @33, ... na wa! Make Panic selling no set in o.

** Well, there are people that bought below 2 still holding so they have nothing to loose. Same scenario I envisage with DS.

Utalinmou:
Mine landed too. Who knows what will be the fate ọf their share price after this dividend

Maybe we go fit enter then follow una jolly

KayOn1:
Exactly what I said.

No be wetin dey write for there abi village people don come?

** So we should be expecting IB @3.65 on the floor, no be so?

Ok.