₦airaland Forum

pluto09:
I should be out before the release of FY result. I don't think the result will be good.

Don't let the result meet you like a thief in the night. I can't be able to advice you though, you na grandfather for this parole.

pluto09:
Make you no depressed the price o as I have already taken position at N11 just for speculative purpose.
Gambling once in a while might not be bad.

I gamble as well but waiting for FY result before I decide on WAPCO. But their foreign interest might beat me to it.

aremso:
please dont forget that the election period also contribute to it, am sure the price would still go up.

Are we not saying the same thing?

pluto09:
This our market na another thing o,

Just hope we will have the election this Saturday and it will be conclusive otherwise.....

Stanbic will have a lower dividend yield and still go on bid. These FPI's need to come back ASAP. Imagine what an inclusive presidential election will do to NSE....

http://www.nse.com.ng/Financial_NewsDocs/25021_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_FEBRUARY_2019.pdf

WAPCO should quickly list these new shares. Maybe this will depress the share price further to a trade-able zone. Maybe.

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/25026_ZENITH_BANK_PLC_CORPORATE_ACTIONS_FEBRUARY_2019.pdf

Zenith

N2.50 final dividend.

If market reacted like this to a dividend yield of about 10%..... Wahala dey oooo.

pluto09:
My brother, just forget this your talk about transcorp and move on.

Transcorp and zenith are not in the same league and what drives their respective price is not the same.

GBAM!

currentprice:
imagine total divided paid for year 2018 N2.80

http://www.nse.com.ng/Financial_NewsDocs/25025_ZENITH_BANK_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2019.pdf

FY EPS N6.15.

That 50% dividend payout looks small though. Just my thought.

http://www.nse.com.ng/Financial_NewsDocs/25026_ZENITH_BANK_PLC_CORPORATE_ACTIONS_FEBRUARY_2019.pdf

Zenith

N2.50 final dividend.

Mpeace:
You guys should cool down.
The bear you saw today, you shall see no more

Is it only WemaBank and Caverton that lost 10% today? Please help me and check.

DOLLARTEX:
*Nigerian Stock Exchange Daily Market Summary February 18. 2019.*

The Nigerian Stock Exchange crashed in today’s trading session, following profit taking by investors, and heightened risk due to the shift of the country’s general elections earlier billed for last Saturday.

The All Share Index ended today’s trading session at 32,190.07 basis points, down 1.61%. Year to date, the index is down 2.4%, essentially shedding.

*Top Gainers and Losers*

Presco Plc was the best performing stock today. The stock gained 10% to close at N72.6.

Beta Glass Plc was next, appreciating by 9.27% to close at N79.

CAP Plc rounds up the top three gainers, appreciating by 6.92% to close at N34.

On the flip side, Transcorp Plc was the worst performing stock today, shedding 9.94% to close at N1.54.

C&I Leasing Plc shed 9.82% to close at N6.61, down 9.82%.

Livestock Feeds Plc shed 9.72% to close at N0.65.

*Top Trades by Volume*

Access Bank Plc was the most actively traded stock today. 25.3 million shares valued at N160 million were traded in 283 deals.

Chams Plc was next with 21.7 million shares valued at N4.3 million were traded in 17 deals.

UBA Plc rounds up the top three most actively traded stock with 20.4 million shares valued at N157 million traded in 282 deals.


Check out the Nairametrics Apps store today
http:///2V2X72f

Boss, how body naww? Long time.

Any better for your boy?

Chibuking81:
Chibubull is praying for God divine intervention for the postponed election that will still take place this weekend, that whom ever that will emerge the winner will be the good will of God for Nigeria, that the winner will be a blessing and not a curse or punishment to us, and he will be the person that will turn our country economy around for good.

I have taken position already, and my portfolios are doing green already. Market might go up or down this week, but am not leaving my seat for anybody, I have turn to investor.
Main while I took position in the sound performing stock with good q1,2,and 3 result.

BULL all the way .

No wonder!!!

I have been waiting for you to come remind us how the long awaited Bonanza is here since election got postponed. Now I know why you have kept your cool.

This our business is all about interest. All about interest.

..

pluto09:
Welcome back Mendes.
You like to make trouble o chai...

Myself, I am tired for that guy

Thanks Pluto.

You know I will always say things as plain as they are.

I hope you are doing great.

You and BigJay has been on stock accumulation ever since, when will you guys cash in some profit? LOL.

tritritri:
I dey ooh..Hope u dont AV zenith...na crazy stock

My Bro, I have Zenith. And life na turn by turn.....

Remember that Transcorp was recently stuck at N1.30 before it finally left there.

While waiting for a stock to move, the most important thing is not to be in the same bus with Oga Peterrichy.

tritritri:
Na me Worry pass...oya Answer ooh .

just sold little unit of my df at 9.....i almost cried at 5.80..how i wish i average down..dis biz self.

Bro, How you dey ooo?

Mcy56:
Where you dey since?
I hope all is well. You got me worried.
Glad to see you back here!

Sis mi,

I have been good.

I followed Agba to his village to get fortified, na so the guy lock me up. If not for persistent calls from some of you, he wouldn't have still let me go.

And after all said and done, he still didn't introduce me to his BABA!

I really do not know what I appreciate the most about CP.

I don't know if it's just his skills at identifying undervalued stocks and stating them as they are without having to claim insider knowledge nor the privilege of having spoken to a management staff that he has never met before.

Or his maturity at not repeating his past post on recommended stocks. He posts and goes his way, not having to use a different moniker to return and tell us how "that oga is a nice and good guy". Accumulation of likes, etc.

As per NSE, I have always had my methods but CP has proved to me within the past 3 months that there are more better ways. Enough room for improvement.

Enough Respect CP!

Mr. Currentprice - AKA CP.

I do hereby bestow on you the title of NSEMPA - Greatest Of All Time. Well done and remain blessed.

Madam Mcy56 and Sir TriTriTri, I greet una ooo.

Mpeace:
Them dey buy de thing. No mind them.

I don't blame them though. If I have billions like you and tritritri, na that kind of thing I go dey do.

Mcy56:
So Access guys seems to have bought enough at 5.20 I guess or maybe retail investors beat them to their game.
21.5M bid (below 5.30naira) against 1.5M offer.... we see how the drama unfolds, happy viewing.

Can you see how all those stacks of offers has disappeared? This same scenario played out last week and they resurfaced on Wednesday.

Let's watch and see if they will reappear next week. Some heavyweights are wicked!

tritritri:
Wat price u think access is worth buyin ? and wat price u think the the right issue might be advice needed pls.

cc : onegentleguy , mendes911 , Agbalowomeri , BBM .

Bros, I doubt anybody knows the answer at the moment. Just mere speculation. One thing I know for certain is that Access Bank will be pumping the stock whenever they are ready. The fear now is how much further it will fall further should one take position at the moment.

Though am no longer an investor but I will be investing a substantial amount I can afford to leave for a year should it drop below ₦5. Same thing I would do if I see WAPCO below ₦8.

Also, when those FPI and their foreign currencies starts coming back (probably after elections), this stock will get enough attention.

Access Bank is paying for the sins of Diamond Bank.

This is how Jesus paid and died for our sins.

NSE, I hail thee.

Mcy56:
Yeah, noticed that too.
NSE na wa. Lots of irregularities going on behind camera.

How's that one an irregularity?

Agbalowomeri:
You will all get Access at 4.20
Calm down

Have you consulted "baba" already on this? If so, make I sidon wait. LOL.

Jejebabaa:
At current price of Diamond of 1.90.
if you have 7000 units, you will get 2000 units of Access and extra 1 naira cash per unit of Diamond.
your Diamond worth is (7000X 1.90) sums up to 13,300 naira equals 7000 naira and 2000 units of Access right.
2000 units of Access equals 13,300-7000 naira
2000 units of Access equals 6,300 naira
1 unit of Access equals 6,300naira/2000
1 unit of Access equals 3.15 naira

I hope this helps in RabbiDoracle way of explanation

Since Access Bank will be issuing shares to DBN holders, are you not supposed to use Access Bank share price to calculate what DBN will be? I feel your calculation should go the reverse. Not sure though, haven't bothered to do the calculation.

Mpeace:
I am very sure they want to buy up the rights at low price. Contrary to popular opinion, I thing Access bank would fly high after the merger, despite the dilution that might occur.
From the conference calls it is clear they would be buying a very clean Diamond bank since all the NPLs would be written off before the merger is concluded. $Debts would also be cleared.
This is unlike the Skye scenario where a sick Skye sort to buy a dead entity.
Just My Opinion

Buy up the rights or get more people to offload their shares at a far cheaper rate. Whatever it is, if the management of Access Bank is involved, this is very very bad.

pluto09:
If the price drops to N5, I am ready to dive in.....

See me seated 2 seats from you.....

Wigwe might be the one doing all these disruptions. I also do not know how further they are willing to take things. We keep watching shaa.

Mcy56:
Access: 3M bids against 47.4M offers...... no be small thing.

Look at how those offers are put up. I believe this is one entity and this may be a calculated attempt to keep the share price low. See the series of 2m and 3m units stacked up.

Am still trying to decipher what their end game is. I must follow them chop when the time is right.

As per rights offer, prices can be manipulated up or down as they seem fit. No be naija we dey?

pluto09:
I am still waiting for some stocks to come to my junctions......

Na TA people dey follow index, me na individual stock

We are saying the same thing Pluto.

DangCem losing massively will create a make believe that things has bottomed out and that may halt further sliding of some stocks.

tritritri:
ASI 29,336.80 Agba right now..

ASI was above 30k until DangCem lost N16 towards end of trading. That stock for jeje wait. It will come and create a false impression.

DangCem just responded.