₦airaland Forum

Mpeace:
Could someone pls tell me what just happened to transcorp. I'm not just getting it. 1.22? No...

When Agba showed up last night, what were you thinking? His "jazz" never fails.... Janet is here!

currentprice:
cp fairprice for access is even higher than 11

The issue with Access Bank price is that it always requires the assistance of those "heavy weights" investor before the share price can make any meaningful uptick. It's never the toast of anyhow investor/trader.

Same scenario always saves them from dropping in share price.

Mcy56:
Guess you are heavy in transcorp and fidelity cos the rate at which your hopes are up is like that of....errmmm....... Loco stcool.

You don use style talk say him dey MH.

Flour mill and ₦20. Is this one buyer and seller doing hide and seek.

Let me watch the move after this. Either up or down.

fxuser:
a temperature gauge for d day

You have gat no chill at all.

That WAVG is used by KFC when preparing fried rice for the week!

DeRuggedProf:

I remember dropping some share prices massively due to this uncharitable behavior...
I felt the suppliers were calling me a fool, knowing if I don't act fast, they will turn me into an investor ...

Big time investor. LOL.

And the most painful of all is refusing to sell at a small profit and then having to sell at a loss at the end of it all.

Some suppliers are mad! They behave like they picked the shares off the street for free and do not care whatever price they sell the shares.

FO comes to mind. That journey from about ₦128 to below ₦60. I know a couple of people that turned investors then and are still hopeful investors.

Mpeace:
After the EGM and all the approvals, Aiico still dey where e dey. Na wa oh. Loco pls do something.

The only thing left for Loco to do is bring down the share price by selling. He has already done his best by word of mouth.

Na joke oooo

BullBearMkt:
...love to compare it with NSE index. Watching the support at 32000 keenly or new swing high at 33240. A break of either 2 determines the direction of Dangote Cement.

My bet is on the former though. The rate at which offers keep reappearing at ₦200, it won't be long before a trader will get angry and decide to unleash the terror.

DangCem has a way of deciding stock prices for other stocks.

@BBM,

What's your current take on DangCem? Do you believe this support will hold for long?

BullBearMkt:
People get liver o, with all these political imbroglio...

"There's no better time to key in than now". . Runs away.

After Q3 results will be interesting once again. I hope am wrong.

#Runs.Away.

DeRuggedProf:
What will they do with the acquired debts?

Most likely to cook afang soup.

DeRuggedProf:
I now think Julius Berger will be a good buy going forward.
This snailish government will now suddenly become aggressive in clearing it's debts to JB and pushing more money for JB to maintain full speed on all projects in a bid to show they are turning Nigeria around....
All govt contractors should be grateful to Atiku.
I have my serious reservations about Atiku, but he will definitely keep APC engaged....

NB: This is not a buy recommendation. In addition, JB is for investors and not so good for traders. It's movements happen in the dark.

Don't bank on FG clearing their debts with JB, there's no money for that to happen!

FG is currently far more interested in acquiring debts (both local and foreign). If there's a way to trade on that, better.

hyness:
hmmmmm interesting that @Godlylifeoneart have never been attacked by the trolls for his views & posts as regards state of affairs of our economy & NSE which by the way i totally agree with.
The play out when they are in one of their trolling sessions/gossips is always entertaining & fascinating to watch by the way!

You are bored and looking for roforofo. Oya, start one naww.

talktokenny:
many has been playing baba ijebu right from childhood and they have never won a single bet ,does that stop them from gambling ?
Some even graduated to Bet9jia.

That's not the point! Read in-between the lines of Pluto's message.

NB: I also play "Baba-Ijebu" on NSE but I truly know that it's "Baba-Ijebu" and I don't go around showcasing it as the best thing after sliced bread! We need to constantly draw that line, whether real or imaginary.

All these "monkeys" that are been blandished like this. This injury no go get part 2!

Mpeace:
Zenith 22.40. Slow and steady. Bonanza gang will be looking at their bonanza price list right now and asking... Who did We offend?

You really believe the storm is over?

Well, let it be as you wish for yourself.

Nairametrics come put FirstAlum on full offer today. Maybe people are yet to digest that long post that MonkeyHunter made yesterday.

#OnMyHeels.....

locodemy:
Get AIico now and thank me in few days to come.

Your Japaul is almost ripe.....

soloniger:
which country is this?

If you know, you know. .

veecovee:
I no get church ooo! I be missionary, I no dey stay one place ooo, dem just tell me today to prepare for Ghana, when come back from where I go go on Monday or Tuesday.

When dem go tell you to prepare for Saidu Arabia? Na there souls plenty Ooooh....

Make I buy you ticket?

MonkeyHunter:
Guilty conscience dey kill me so Bros a couple of questions for you?

1)Who asked you to help push the share price of First Aluminium to 70k - N1?
2)Is asking that you check the financials before taking a decision an invitation to buy the shares or is it an invitation to make an informed decision?
3)Is giving my interpretation of their financials commendable or an act to be condemned?
4)Has my theory that the company is need of recapitalization due to their interest expense been validated or not?
5)Will the management attempt a takeover of the company if they thought the shares are overvalued or that the company was not viable?

Now over to an analysis of the Takeover Bid.

It is clear that the Mgt is trying to be clever by half and steal the company from minority share holders. They see that the shares are grossly undervalued and that they can win any vote in which they partake in so why not vote to compel the minority shareholders to sell their shares at a grossly undervalued price. The Net Asset value per share from their 2017 annual report is about N2.45. This is what each share gets if you sell off all the assets (at book value N9,884,593,000) and pay of all the liabilities (at market value N4,721,675,000) then share the remained of the proceed (N5,162,918,000) between the shareholders (2,110,359,242 shares). This should at least be one of the the benchmark prices used in setting the takeover price in a sane society.

I am not sure that the claim by Nairametrics that the rules says that the price of a take over should be the maximum value of the shares in the last 6 months is totally correct.A fair value for the shares is determined using different approaches and offered to the shareholders. From experience the price is usually at some premium to the market price as specified by the acquiring company. Also there is a procedure for dissenting share holders to apply to court within a time frame for the fair value of the shares to be determined which is what they will be paid. This procedure is specified in section 146 and 147 of the Investments and Securities Act of 2007 as shown below

[b]147 (1)This section applies where a dissenting offeree makes an election under paragraph (b)
of subsection (3) of section 146 of this Act.
(2) The offeror may, within twenty days after he had paid the money or transferred the other consideration under subsection (6) of this section apply to the court to fix the fairvalue of shares of the dissenting offeree.
(3) If an offeror fails to apply to the court under subsection (2) of this section, a dissenting offeree may apply to the court for the same purpose within a further period of twenty days.
(4) A dissenting offeree shall not be required to give securities for costs in an application made under subsection (2) or (3) of this section.
(5) Where an application is made under subsection (2) or (3) of this section-
(a) all dissenting offerees who made an election under paragraph (b) of subsection (3) of section 146 of this Act shall be joined as parties and bound by the decision of the court; and
(b) the offeror shall notify each affected dissenting offeree of the date and place of the application and of his right to appear and be heard in person or by counsel.
(6) Upon an application to the court under subsection (2) or (3) of this section, the court shall fix a fair value for the shares of all dissenting offerees who made an election under paragraph (b) of subsection (3) of section 146 of this Act.
(7) The court may, in its discretion, appoint one or more than one independent valuer to assist the court in fixing a fair value for the shares of a dissenting offeree.
( The final order of the court shall be made against the offeror in favour of each dissenting offeree who made an election under paragraph (b) of subsection (3) of section 146 of this Act and for the amount for his shares as fixed by the court.
(9) The court may, in connection with proceedings under this section, make an order, if it thinks fit and, without limiting the generality of the foregoing may :-

(a) by order, fix the amount of money or other consideration that is required to be held in trust under subsection (6) of section 146 of this Act;
(b) order that money or other consideration be held in trust by a person other than the offeree company; or
(c) allow interest at the current bank rate on the amount payable to each dissenting offeree
from the date he sends to the offeree company his share certificates under subsection (5) of section 146 of this Bill until the date of payment. (10) Where the amount of money or other consideration fixed by the court under paragraph (a) of subsection (9) of this section exceeds that held on trust pursuant to any payment or transfer already made under subsection (6) of section 146 of this Bill by the offeror, the offeror shall :-
(a) make to the offeree company any payment or transfer necessary to comply with the order, and subsection (6) of section 146 of this Act shall apply in relation to the amount so paid or transferred; or
(b) if the court made an order under paragraph (b) of subsection (9) of this section, make that payment or transfer to the other person by whom the money or consideration is to be held in trust.
(11) Where the court makes an order under paragraph (b) of subsection (9) of this section-
(a) the order of the court shall operate to divest the offeree company of the money or other consideration subject to the trust and to vest it in the person named in the order on the like trust; and
(b) Subsection (6) of section 146 of this Act shall apply to money or other consideration paid or transferred pursuant to paragraph (b) of subsection (1) of this section to that person.





[/b]

Please don't take all these post personal. It's not necessary though.

Mcy56:
Chai!
In other words you are saying we should not be at ease in Zion NSE yet. It is well.
...but Mendes, those volumes were much in the big banking stocks than for mini bull not to surface na.

When you start a journey on full take and run for a couple of days, you wouldn't still have a full tank until you get a refill. Where's the refill coming from at this point in time? Foreign investors? PFA's?

Don't mind me shaaa. That's my own opinion which could be wrong, very wrong. Just follow your mind and you will be alright.

Mcy56:
Una don quote me? I quickly edited it before someone go tackle me on the bull mentioned ni. As you don quote me make I go add am back.
When did the 15% end?

1 Thessalonians 5:2

Mcy56:
Yeah, sitting on the fence......guess it's better sha.
Maybe small bull fit show soon......

When 15% show don end, which other bull are you waiting for? Na bear wan usher eself in.

wanaj0:
Again, I have my own CRITERIA for selecting stocks. It is NOT just about making money.

I don't own any Union Diagnostics.

I own NEM. It is currently the largest contributor to my portfolio and I am selling down. Those that know me from my SMN days can still remember why I bought NEM.

You are free to buy any stock that you like based on your SPECIFIC SITUATION.

You also forgot to add that your average purchase price is less than 50k even though the stock never traded for less than 50k on NSE!

Michael11stock:
where your arrow for the upside na, be positive for once geeeeez

Turn your screen upside down. It will negate the direction of his arrow.

See as Caverton dey nosedive, searching for Skye Bank. Has it lost its remaining engine or did Skye Bank sky away with it.

Oopss..

mendes911:
That one na IGG. Let the people that knows the actual report wake up from sleep. Then we will know which route the reflection will go on their share price.

In my own opinion, I don't believe this result. Same shenanigans they played last year.

They are waking up one by one.

currentprice:
not annualized o

Hmm. I still refuse to believe it shaaa. LOL.

kolaish:
with more than enough conduments. Already reflecting in the market price now.

That one na IGG. Let the people that knows the actual report wake up from sleep. Then we will know which route the reflection will go on their share price.

In my own opinion, I don't believe this result. Same shenanigans they played last year.

DeRuggedProf:
Annualized?

..

OBAGADAFFI:
He actually compared it to Zenith


STANBIC bank @ N44 is cheaper than this stock talkless of zenith , eti and so on

"Talkless of Zenith...." Indirectly meaning that Zenith is by far cheaper than Stanbic.