₦airaland Forum

BullBearMkt:
...the fear of those big big grammar is the beginning of wisdom for me. Since my Secondary School English teacher wrote, "Advice to Withdraw", on my report sheet, it's been hide-and-seek for me with anybody using big big grammar. That's why Wole Soyinka, Shakespeare will never be my fan; so also @Prof. I go for S.M.O Aka, Ngugi Wationggo, Nzekwu and the likes with "short" and simple grammar

lol.

^^
Whosoever says she's still in it.

Just passing by.

BullBearMkt:
...mba o Prof!

My boss you are falling hands na. The challenge that you should take up
I'm sure it's those big big grammars you are avoiding but I know your negotiation skills is incomparable, by the time you bring out your charts and candles, Prof will soft-pedal.

onegentleguy:
...a quick math:
On the DIAMOND side of the curve; Today's closure price- N1.04. ...hence MoS gap from proposed merger price = 3.13-1.04 = N2.09.
Hence allotment figure = Price consideration discounting for cash = 3.13-1 = N2.13.

On the ACCESS side of the curve; (N9.40 to be precise) Note that 'best price' in this instance refers to what I believe an equity stake of ACCESS should come to as an equivalent to DIAMOND and not necessarily the fair value of ACCESS.

Conclusion: ...and so UNLESS THERE IS MORE TO THIS MERGER THAN WE ALREADY KNOW, the shareholders of DIAMOND has got themselves a better deal ahead of ACCESS.. .

Thanks for this analysis. For diamond, think it was 87k being considered not 1.04, invariably the price is slightly higher than N2.09
However, the bolded seems to be the real bone of contention, there's more to it than meets the eye.
In all, they should allow retail investors to eat small, we the jijoist are on the queue too.
From the bank's staff perspective, it is not looking good at all. Jobs are on the line here.

DeRuggedProf:
This is between you and me. ......
No one is competing here with another except against the market and insiders.....
Our TA/FA guys always try their best to read the mind of the market for us. Kudos to you ALL.

Mpeace please come to my rescue, my comments on DBN has landed me in serious exam kwesions even though I don't have a single unit of it.

Prof those points are valid and are of major concern.... .. but you know very well that lots of things are going on behind doors that are not visible to ordinary eyes.The bolded is what some people should know. May God help us!

swilo:
I was already typing but I realized it is easier to ignore. From the onset, no one came here to compete..!!
A senior man is a senior man..

The movie is interesting. It's after the news came out that he started making mouth, so also that 735, wouldn't be surprised if it's same person.
Had the news not been favourable, you wouldnt hear a word from them.
At least, we were able to reach a level of certainty with the news, anyone that wants to go in would know what he's buying.
By the time it rallies for few days, it will become surplus. Na win win e go be las las for those in the bus and those that will buy thereafter.

This op must be out to entertain nairalanders. I laughed too, the joke is funny.

This IBB guy I've not been seeing his posts here, just to appear from ghost-land and started insulting.
Should people not talk again when news and reports were in the negative? If we can talk about positive news, we can also discuss negative, doesnt mean anyone is wishing someone bad. If any other news comes out tomorrow, we go still discuss am.
Shareholders are yet to approve.

currentprice:
which Access side again? though not approved yet by the shareholders of both company but for Access to agree with this, they must have seen worth of diamond to be greater than what we layman seeing.

Thanks. They sure know what they are doing. All those accumulation must have taken care of some things.
bought to sell back at higher price. A good one anyway.
CP congrats on your Access too.

Jejebabaa:
Diamond bank share holders will also get extra 1 naira per share as cash.

That letter seems like a doctored one. Access is not that generous. Several other things to consider.... coming from newbie's perspective.

On diemond, while waiting to hear from Access' side too, I tried to check the price should diamond's story be true:

It will be 2.29k (7units) to equate 2units of Access (using 8Naira).....if I'm right.
The question is, can it get to that price? I seriously doubt this, when Fidelity is struggling with 1.90, Fcmb 1.60.
Can someone just look at it objectively too.

Caveat: This is not about anyone whatsoever; not an encouragement, neither is it about giving hope nor discouraging anyone. It is viewed strictly as stock on NSE. I no fit shout.

DeRuggedProf:
I am off to BBM's house.... Both have gone silent o!

Wait for another turn after diemond don reach N3, no need to break anyone's window, even if you break it, she no go commot.
If to say you nice with words na your house she for be for series of meetings, she cannot come and go and allow someone to give her hbp.

swilo:
735i and Yayira's prayer...

All these incomplete statements that you people are sharing......hhmmm.
When are you completing yours too?

DeRuggedProf:
SAMZEPAPARAZI.....

Chai! This guy go hear am from Prof.
I remembered that post too. I mentioned earlier that he might have sold but just encouraging those in the bus, it doesnt concern him if they got wounded.
He will come and tell us that he re-entered now.

Infinitisi:
Lol. Na person wey no know DeReggedProf go dey vex for im posts.

Honestly. He just kept on whining him........
Good that Mendes did not talk amidst all these, na im head dey for put everything as if na im be media.

...but these media houses self, their wahala too much. See as they are following them bumper to bumper.

DeRuggedProf:
Except you no post, I must quote.... I am enjoying our chat, biko.

Abeg free the guy. I don laugh tire.
If he talk say you no be of value here, wetin he go talk about me?

wanaj0:
Best time to be a lawyer. From election tribunal to this one.
Abeg, any law firm quoted on NSE

OMG

DeRuggedProf:
So I am your role model?.....

Chai! Chai! Chai! Prof you no go woundjure person with laugh o.

735i:
What I know is now public information.
Or the rest of you who trolled me.... I only wish you would have sense.

Oga stop all these self justification. You were neither here nor there.....up till Friday.
Las las its still in NSE and anyone not in now would still benefit from it or even other stock, bonanza is still coming.
Happy it didn't end up in disaster anyway. We wait to hear Access side of the story.

Wow! So eventually diemond bank has died.
What about account owners?

GonFreecss1:
Unity bank is one of the most leveraged banks/companies on NSE. Their total liabilities are greater than their assets! Lol! I don't even want to think of their Equity to asset ratio, but then again, I have always warned that people should be defensive when buying stocks. How can you buy a stock that when you subtract the liability apart from customer deposits from Total assets, what you have left is almost nothing, or nothing or even a negative. Meaning the shareholders have nothing, if a liquidation should happen you will get nothing! If another bank should take over you will still get nothing! Using Price to book value alone to evaluate a stock is very dangerous. Some of you have forgotten that it is bonds first and other debt obligations, then preferred shares before common shares. You should always consider this when buying a stock. Liquidation value is where it's at. Goodluck!

This is an eye opener on Unity!
I hope someone in this bus will read this and wouldnt come and be displaying emotions here when its drama starts too.

swilo:
You have come again my brother
how can Buhari and Atiku contest presidency and Obj will eventually become president?

The thing tire me o.

aremso:
@ Chibuking, should we go ahead to buy access now or still wait?

It's chibuking you are calling of all dem ogas here?
You know his answer already na.

arduino:
Come oh! Are you for me or against me?
So you dey among those wey pray for my portfolio to go southwards e kwa....
Well my village people dey protect me....Unity up (so JAIZ up) and WEMA full ground gidigba

No vex abeg. Na illustration, oh sorry, slip of fingers.

DeRuggedProf:
I am guilty too? Just prayed for CP's forgiveness....

Lol. You prayed already.
Stop replying 735i please. I just hope those in it got enough information - both positive and negative on what to do now.
The ball is entirely in their court. We await further news on the acquisition.

DeRuggedProf:
Eyaaa...... Hope it was not because of my posts?

Your post ke! Me self go dey too angry with myself and would know I deserve anything that comes.
CP specifically warned me, so also you and some other good people here coupled with the bad news here and there.
Good I'm laughing it off anyway.

DeRuggedProf:
You have now changed your mouth because you sold too early abi?

Such stock can cause sleepless night. Na so my mind no rest until I sold it. The kind laugh wey una go laugh go send me out of NL.

DeRuggedProf:
That is the more reason you have an obligation here!

Lol. Abeg Oga IBB, your able hands would be needed in this class more and more

currentprice:
in my opinion, some of our member that talk good about diamond with on going rumor owns diamond bank and they post to secure their investment.
my own advise is pple that owns the stock should use this golden opportunity to jaaaa. if the news is confirm 100m bid may turn to 400m offer within minutes.

Opportunity is staring some in the face they refused to grab it now.
Even if it's not true, NSE is not going anywhere, one can still buy after everything is sorted and there is clear direction.
Don't be surprised that 735i sold already.

GonFreecss1:
Access bank is leveraged themselves already. Anyone thinking they can't come crashing down doesn't know anything. They are not too big to fail. If it was Gt bank or stanbic or Zenith bank doing this, it would not still have been okay to me. But oh well! We shall see.

Was Skye not acquiring other banks as well before all became obituaries?
Not all those banks were healthy as people thinks. Who would have thought diamond would go before the likes of Unity and Wema self?

mendes911:
A dead clock is always right, twice daily.

Na so.