₦airaland Forum

Agbalowomeri:
You can do a print of your statement on any qday AFTER the qualification as evidence; and you don't even have to do this once you remember what you had on the day of qualification. The list they will use will be generated by end of tomorrow. And you can offer everything you have for sale as long as it is less than 500k the want to buy.

.....and sell anytime after qualification?
Okay. I'm still trying to understand it. Thks.

Agbalowomeri:
Ignore the 10 shares, just a joke; we don't know how it will be prorated
Qualification is tomorrow; after tomorrow, you can sell all and will still be entitled to your share of the loot
Reminds me of those good days when we sell after div qualification and move to the next and next and next Lol

Agba, but there's a form to be filled stating the number of shares you want to offer up for sale. It must be stamped by your broker, your CSCS statement attached to it and to be submitted to Veritas registrar on/before Nov 25th.
Form submission starts from 4th Nov till 25th, reason I said someone may be able to increase his/her stake once qualified Tomoro.
Guess it's more than just selling it, once you sell, you're not entitled to the payment.....that's how I see it going by the letter they published on NSE.
Anyway, we see how it goes......but let anyone holding it get clarification first before selling on the floor.

Agbalowomeri:
By Monday, you are already qualified and you can sell your holding whenever and you will still get your 10 shares allotment Lol

Just seeing this. Can you explain better sir.

bigjay01:
I do not belive it is going anywhere in a hurry because tomorrow is the closing day, Why would anyone be very desperate to buy after tomorrow? Unless the men in black are plotting to take over?

Even though I don't know much about this take over of thing, just using DANGFLOUR to look at it.
I think tomorrow as the qualifying date does not mean you can't increase your stake in it, before submitting your offer form thereafter, but you must make sure your name appears in their register after tomorrow and before 25th Nov.........na my own I talk o I no know book.
It will be clearer if the offer document is circulated before close of biz Tomoro hopefully.

veecovee:
House, pls, is this FO form worth filling
Peradventure the stock rises in the future, hope that wouldn't freeze our stocks and prevent us from selling on the floor?
cc: everybody

Vee, did they mention that they're delisting it? Cos me I didn't see where that was stated so far. When Ignite bought from Otedola, it was still trading on the exchange, nothing has changed except there'll be a future action but until then, calm your nerves, make we enjoy the small rally.
Filling the form is optional anyway.....but I think it's better to fill it, even if they don't buy, it's worth trying at least. Also, there's nothing like freezing once you sell to them, they collect your shares and pay you money, shikena!
BTW, have you received the form? Or did your broker send it to you?

onegentleguy:
With due respect, stop bordering urself !!
FORTE OIL is a BUY WITH or WITHOUT the proposed MTO. Cheers.

Lol.
With due respect, this action might be rewarding to FO shareholders in the long run, with or without MTO like you said. So I believe.

Agbalowomeri:
Las las na 10 units dem go buy from some people

@Agba, I'm just thinking, what if its a strategy to discourage the moneybags and MMs from hijacking the process and reaping the goodies to themselves. What if it's just a strategy to reward tashere investors as well? I sincerely hope this is the case anyway.

Agbalowomeri:
Las las na 10 units dem go buy from some people

Chai!
Do you expect someone with 500k+ units to care about the purchase? I just think it's tashere shoulders that might likely put their offers up for sale.....my opinion anyway. We see how it goes.
The action might end up paying the big shareholders in terms of price appreciation.

pluto09:
Are they buying more than 500,000 units

These village people are here again
Its still 500,000 but may be more than this if offer received is in excess (going by previous arrangement) or they pro-rate offers as the case may be.
In the letter however, they said they already sent the offer docs to qualified shareholders, guess this still refers to shareholders who chose to offer their shares for sale.
We'll get more clarification I believe.

Forte Oil take over by Ignite @ 66.25 per share
Qualification Date: Friday 25 October 2019
Acceptance Opens: Monday 04 Nov 2019
Acceptance Closes: Monday 25 Nov 2019

Forte Oil on full bid now.

Agbalowomeri:
If you wan do jijo well, go learn your TA well nigbana

Okay Sir.

pluto09:
I think she needs to define her investment objectives, if not the market will just be tossing her up and down.....

Oga P, its jijo I like pass but this is not our season, na observation mode I dey now.

mendes911:
GBAM. Mcy, over to you.

Lol. I bailed out of transcorp sometimes ago nah. I mentioned it here.
I just commented based on what I saw cos I used to check whats happening there.

One wi.c.k.e.d person don bring out offer of 20M single unit in transcorp at 1.01. If you're here go remove am now now!
Loco, I hope say no be you?

735i:
**Walks in, sprinkles holy water on the thread... walks out**

Lol. The thread need am.

mendes911:
Give me Mcy's bottom and I am OK. Na that one go sweet pass.

Mendes you don spoil, Pastor Vee is coming for you.
Me I no get o, the time I think say I don enter at good bottom, Mr. Market just proved me wrong, na woundjurement level I dey now. Just wait for Agba's own.

locodemy:
Not bad.Market no want respond to results.

No encouragement. No result analysis, afterall the result is not moving market....at least for now.

eziokwunwoko:
i have gained from the market( evans, unic, transcorp, fidelity) and made losses( sseplat, ci leasing, transcorp) as well

Then by now you should have been much better at selecting/buying into good stocks.....except you're buying those small ones for quick gains.

eziokwunwoko:
i have been having these 500k shares in Multiverse since 2012 bought at 50k. Price now 20k. With the news of share reconstruction of 10 :1 and using share premium account to wipe of retained losses. will these be the game changer. i will attend the AGM on 25 Nov to hear what these mgt and board have to say..

Wehdone sir. Pls lets know the AGM outcome.
Surprised you've been in this market for quite some years, was thinking you're a newbie before....the way you used to ask what to buy.

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27863_MULTIVERSE_MINING_AND_EXPLORATION_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

@eziokwunwoko your coy result don land.

yom2:
AGLEVENT
Top 5 Bids MMID Price Volume XTRM 0.28 133,419,000 XTRM 0.24 154,076 Top 5 Offers.
Please is this 133m? thousands or hundreds? Abi na double I dey see

Nothing do your eyes.
How much is the volume.....in Agba's voice? At least in comparison with big caps.
Zenith did a single trade of 345M (or thereabout) today. You dont know the amount staked on that alone?

Did anybody notice that there's not much red today or na my eyes dey see double ni?

locodemy:
Not possible.Afam power purchase will drag the bottom line down.
Next year is Transcorp year.I am now speaking as a trader not investor.

Could be either way.

locodemy:
Transcorp need to release result let's look at their financials.

Let's just hope the result will be fine.

mendes911:
Some people were waiting to come write long essays today, quoting their previous post and validating that they are the sootsayers.

Boss you sabi find trouble o. I hope my boss concerned knows you're just teasing him and joking.
He'll be jusified when the predictions comes true very soon.

Agbalowomeri:
Are you sure it's not Wanaj0 to Ewumi?

Lol.......guess they're our FPI brothers as well.

Today na Zenith day.......350M volume and counting.

mendes911:
Mcy, they have come to "manipulate" UBA share price.

Lol.
Chai! Gone are the days when positive news move prices, if it were to be then, UBA, Transcorp and GT would be on full bid by now.......or guys rushing them at least.

mendes911:
That too shall pass away!
I hope you are not one of those praying against my 10%. E no good ooohhh

Amen. Thanks.
I'm one of them oo. I dey mountain now, where Loco dey pray and get answer.

Mpeace:
With all due respect, you need to give due respect before using the word "promoter" especially when Sir peter is concerned.

Lol. I forgot.
Peter oya collect your "with all due respect"

mendes911:
Good afternoon Sis. Hope you are doing great.

Not so great but I'm fine. Thanks dear bros.

All of you forming UACN support group, una weldone o. Keep shifting your bids backwards you hear.
Mendes911 wehdon o.