₦airaland Forum

DeRuggedProf:
If Dangcem venture climb by anything close to 10% NOW, it will harm itself with MASSIVE FULL OFFER....

Why? They are stepping up their game too.

aremso:
so na forces of ogbanje or juju?

International forces.

Thisday Newspaper: EFCC called upon to investigate MTN listing, saying that its gaining 10% since listing was/is not brought about by forces of demand and supply.

Extract: "The NSE is clearly not seeing the damage being done to the market or pretends not to be seeing it and the reasons are not far fetched. The NSE is smiling to the banks receiving mouth-watering commissions from these ‘cross deals'."

https://www.thisdaylive.com/index.php/2019/05/22/mtn-and-20-billion-shares/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2318254+%3D%3E+MORNING+NEWS+HEADLINES+&utm_content=91703c13d2a63a3ec463db5ebbebfe405601c186

Exam has been known not to be a total means of measuring intelligence.

mendes911:
How can you compare what's affecting WAPCO to that of Zenith? WAPCO that's yet to release their loss after tax results for FY 2018 and Q1 2019.

Na today that one dey happen?
Wapco is not the only coy that's yet to release YE result na.

Tolktob:
what's happening to wapco ?#9:20K ! Na wa ooo

Guess its same thing that's affecting others....only that one would feel it harder than another.

locodemy:
Leadership tussle.........They need to mentain market leadeing by capitalization.
Mtn must work extra hard to take over.....

You know I was just thinking that if other CEOs should see what's happening in MTN, especially those with owners owing higher shareholding %, it could give them 'bad idea' of how to strategize to better manipulate prices to their favour........just wondering what impact this anomaly could have in near future if not addressed quickly.
People now dumping other stocks just to be a partaker of the mtn goodies.

@jideflash and @phemmie06, thanks for the update and info.
@Deepsuk dey don answer your kwesion oo.
The aircraft jam bad weather at different times which affected its voyage enroute the 'promised' land.

deepsuk:
Anyway sha how far wid the thief caverton agm
Our rep did he manage to ask d question why the price never cross IpO price till date??
In fact ennn You shud all sharrrap regarding d mtn scam because no b new thin Caverton ipo too was a scam

@jideflash, phemmie06 and princkez, na you be Nsempa rep, oya come and carry your kwesion.
Did you ask the kwesion? What was their explanation?

deepsuk:
I clap for you
For the nse to issue long statement like dat u know 1000% there is a SCAM below the surface
The game b to push up d price of a 2 kobo unit to 220 Naira and then do IPO whereby d new shares will be dumped on the future shellholders
Shebi u don see the new debt the CO is loading from d same ppl wey dey streamline the scam itself
Sec na mumu unless they are in on it Nse we all know have collected their share

Lol. I dey happy as I chop clap from a billionaire.
Na true you talk. Something is not right with their listing, there's a scam below the surface.

phemmie06:
I was there but he didn't win. He came fourth. Clean man with nice beard

Lol. He said so too - that he came 4th.
He's a winner actually and it was a nice try.
Did you give him a handshake and let him know you're Phemmy?

einsteine:
What exactly do you want them to do?
This is not an offer for sale or IPO.
Shares have been listed. Are you going to put a gun to people's head for them to sell their shares to you? If you had MTN shares on the day of introduction, would you sell it?

The thing is: something didn't just add up in their listing and it needs to be tackled before it plunges the economy/NSE into big trouble.
Some top people are out to benefit hugely in its listing and it seems some little, but vital rules were overlooked or bypassed.
Don't ask me what it was cos I don't know but it's just glaring. If nothing is urgently done, MTN will freely and easily move to 500 and keep going, all they need to do is to keep hoarding it, all in the name of shareholders are not willing to sell and, it keeps going at 10% daily increase.

Way to a man's heart is his belly.

tritritri:
No ooh..i dey dump transcorp dis market i no understand.

Loco is coming for you.
Abeg no reach transcorp side, na transcorp and thomaswatt get liver to withstand MTN's bullying. Just allow them be.

stcool:
EKU dumping O! ... Fidelity Ati FCMB

Oga tritri wetin happen here.
Na jejely dem forget these two when you come mention say dey no fall, since then dumping don start, make you come carry your 'dumping' oo.

DeRuggedProf:
No idea, faulty parked cars need warming every morning to prevent the battery from running down, to prevent buyers from saying it has a knocked engine. You can even move it around the yard, but never venture out on a journey...

Lol. He's successfully moving it around the yard.

This MTN even brought calmness to Nsempa, as dey no kuku see buy, nobody to tell anyone say make dem no bad-mouth their stock.

This Thomaswatt guy is just jejely doing his things with 100k to 300k daily.
Sir DeruggedProf, any idea who the guy is?

Jejebabaa:
How did u confirm this please because my cousin has been trying to get and he is not lucky despite bidding at market price daily. The only person that offered to cross to him was some people and the offer price is 300 naira per unit.

Could be seen on the bid table.
Why not advice him/her to go for value stocks that are close to their 52wks low instead?
The party might be rounding up by the time he gets or it gets to the 300naira, you may never tell.

Retail investors getting small small now.... they should be given ultimatum within which they should make available the shares to the public.
The hoarding does not augur well for the economy at all.

edwardaigb:
I thought i'm the only one seeing this.

You're not.
Of concern is the ASI that MTN alone is single-handedly pushing up. This looks odd and I expect that SEC should have done something about it.
Does it means its share price and that of dangote cement will keep dictating the direction of the ASI/economy without any corrective measure taken?

deepsuk:
Caverton na thief company I dey shed tear fo d bros wey dey dere to cover wetin the thiefs wan do.
Abeg if u Carey prick make u dey ask am why their share price never climb 1 kobo above ipo price
U no fit abi no vlaha collect Lipton and siddon for corner

Coolcash1:
I noticed that too...Cross deals going on....Don't worry they will still come and beg us to buy from them and at that time we will price it like tomato and pepper...

Na so. Let them enjoy the fame and shakara while it lasts.

mendes911:
Remember what I told you about Morgan Capital (sometimes) not showing more than 100 bid lines. That might distort your readings.

Yes I did....but the figure displayed should at least be changing if any trading is taking place on the exchange. Anyway it's well.
Modified:
I saw what you're trying to say in Meristem site now.....but the recent 1.2M was crossed. Seems its only those tiny quantities that are passing thru the exchange.

phemmie06:
Haba aunty, I am not a self centered person. Moreover large volume de scared me that is why I even prefer 10mb worth of data in a month

I didnt say you are self centred but I know you like them big na....big figures, fat account and all the bigs sha.
You don reach the AGM venue?
If you don reach, snap the audit committee members and upload the pic. I know I'll be able to identify Jideflash once I see his suit colour and STI logo.

GTB 13M bids against 1M+ offers.......the fugaz committee chairman leading by example already?? We're watching.

Did anyone notice that the quantities of Mtn bids is not reducing despite the trading going on?

phemmie06:
Yes boss to collect 2k unit of Nestlé from him

You can only get 200k of STI and if he's the generous type, you'll get 1M units of Afrinsure.

RabbiDoracle:
Stop reading a report with a bottle of 33 on one hand!

daddytime:
Very stubborn congregation. Dem go say this guy no know say na Bubu still dey rule abi him no dey see Mercy land pastor for tv?
We die here...

It shows that's the common practice there and people are just fed up of such tr.a.s.h.
I wish Christians could just wake up and start shunning them just like that.

daddytime:
Na so revolution take dey start.

The congregation were like, anything wey wan happen make e happen today. Enough of all these threats.

This cracked me up
I'm not in support of such act. Some will even start from 10k for instance and start narrowing it down till it reaches 50naira.
May God judge all those making mockery of Xtianity.

This UBA offers sometimes looks like deliberate attempt.

You cant change your past but you can choose the man/woman you become.