₦airaland Forum

sterling bank is cooking something eyeing that guy

dipoolowoo:
MTN Nigeria Shares May Trade at N90 Per Unit on NSE
https://businesspost.ng/2019/05/11/mtn-nigeria-shares-may-trade-at-n90-per-unit-on-nse/

Ali Joins Axa Mansard Board as Silvent Resigns
https://businesspost.ng/2019/05/11/ali-joins-axa-mansard-insurance-board-as-silvent-leaves/

PHOTOS: Shareholders at Wema Bank's AGM in Lagos: Shareholders at Wema Bank's AGM in Lagos
https://businesspost.ng/2019/05/11/photos-shareholders-at-wema-banks-agm-in-lagos/

Sterling Bank Picks Jaiyeola as Chief Compliance Officer
https://businesspost.ng/2019/05/10/sterling-bank-picks-jaiyeola-as-chief-compliance-officer/

i love this part

dipoolowoo:
SEC Proposes N10m Fine for Firms Distributing Gifts at AGM
https://businesspost.ng/2019/05/10/sec-proposes-n10m-fine-for-firms-distributing-gifts-at-agm/

UBA Appoints Senegal’s Abdoul Aziz Dia to Board
https://businesspost.ng/2019/05/10/uba-appoints-senegals-abdoul-aziz-dia-to-board/

Law Union Announces 2 kobo Dividend
https://businesspost.ng/2019/05/10/law-union-announces-2-kobo-dividend/

Transcorp manipulating something which i don't understand why. hmmm

Sterling bank accumulation going on.

Uacn awaiting dividend ex date hunters

hmmm it is well just make it long term investment you are not alone bro

Jerekre:
various. N24.00, N21.45 (a lot) and N20.35

Gameofthrones enter my head

ndidigood:
Mikel snow kwa
O di egwu o
Lolz

lol the big ones are falling like snow, while the small ones flying anyhow NSE #17 not too far

Yayira:
That stock Na nonsense.. only God knows the lowest it will get this year.. if this bear continue

Zenith looking scary it is well ooo

i dey eye sterling bank

at what price did you purchase?

Jerekre:
60% of my portfolio

coming down to 2.2

tritritri:
deepsuk @mercy wat do u av to say about caverton back to 2.50 with little bid.

show us link of your last month prediction for Japaul

fatboyebele:
Year to date, the stock is up 85.71%.

Update: Japaul share price doubles from N0.20 to N0.42 as we predicted last month Sunu Assurance is about to go on a similar bull run having had it's largest trading day in months yesterday with millions of shares exchanging hands in anticipation of the coming rally. Don't say we didn't tell you in advance

Chibuking81:
https://www.thisdaylive.com/index.php/2019/05/08/breaking-news-sec-approves-mtn-listing-on-nse/?amp

Breaking News: SEC Approves MTN Listing on NSE
By editor - 3 mins ago

The Securities and Exchange Commission (SEC) has said that it has approved MTN Nigeria’s application to list on the Nigerian Stock Exchange (NSE) by way of introduction. The SEC Head, Corporate Communications, Mrs Efe Ebelo, confirmed this to the News Agency of Nigeria (NAN) in Lagos. Ebelo said the commission has approved the company’s application to be listed on the nation’s bourse by way of introduction. She said that the company has successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the commission.

MTN Nigeria had on May 6 filed an application with SEC and the exchange for listing by introduction. SEC recently said that it received an application from MTN requesting registration of their existing securities. “They have applied for listing by introduction which will enable the company to be listed and allow shareholders sell their shares on the floor of the exchange,” Ebelo said.

The SEC Acting Executive Commissioner, Corporate Services, Mr Henry Rowlands, told NAN that the commission was committed to work with MTN Nigeria. “SEC is committed to work with them, when they list by way of introduction naturally it will translate to public offering by and large. “It’s better that they come to the market even if it’s by way of introduction because it will encourage other service providers to access the market,” Rowlands said.

Reacting to the approval, the Chief Operating Officer, InvestData Ltd, Mr Ambrose Omordion, commended SEC for the speedy approval. Omordion said that MTN Nigeria July target for listing would be feasible with the approval, noting that the listing might be concluded before the target date. NAN reported that MTN Nigeria recently changed its status from a private company to a public liability company (PLC) ahead of its listing on the exchange.

The conversion was one of the requirements for listing on the exchange. The company had previously announced that it looks to list on the NSE before July, saying it plans to enter the market by way of listing by introduction. Speaking on the conversion, the MTN Chief Executive Officer, Fredi Moolman, said the listing was part of its commitment to localisation in the markets in which it operates. “Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019.
“It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them. “We look forward to continuing our engagement with the SEC and NSE to take forward the listing process,” Moolman said. The listing on the NSE was one of the conditions reached in the resolution of a N330 billion fine placed on the telco by the Nigerian Communications Commission (NCC) for its inability to disconnect improperly registered SIM cards. (NAN)

omo that is why i was asking for the source so to position also if it is good [quote author=stcool post=78213444][/quote]

source pls

adetope22:
ccn just release their result. 213%

chai your dangflour doing ok

stcool:
How will my money finish...when you are buying Zenith @N20 and I am buying CHAMS that is less than N1.00



Majority of the large offers for CHAMS is above N0.50K which is good for me.

Any idea about courtville?

stcool:
I added to my CHAMS holding today....How do you expect a stock that has done over 100% in price to keep running up. It will breath and then continue upwards.

I continue to add to my holdings in CHAMS, DF and FIDELITY....

This 3 cant go wrong for 2019 FY end I can assure you with 100% confidence.

sleep no go catch you at night

ndidigood:
just kidding
Don't do such stock in 2019
My money is hard earned.

i dey wait also

Chibuking81:
Is like some people are selling their share to get ready for cueing up of mtn share? That I observed but modality of their listing can push their share either up or down after listing.

both na 5 & 6 they will move same pattern once they don accumulate finish

Mcy56:
Why UBA & Transcorp self? Can we say Tony is preparing ground for price pumping or what?
Those UBA offers are suspicious.

it may go up later just saying we can take fresh air for now before the next run nothing do you dear.

ndidigood:
did u say warn?#2 sosee
If u know u nono

Wetin we gain if we no make money wetin we gain

austinkenneth:
June 11 2004:
NSE All share index: 29,033

15 years after--->

Yesterday, May 7 2019:
NSE All share index: 29,096


Gain for average long-termer: 2.2% over 15 years--->0.15% annually
Average gain from fixed deposits: 10% annually


Some times we need to dey ask ourselves the question: Wetin We gain?

Chams also on full offer now i try my best to warn

Michael11stock:
Chams acting same pattern like Japaul. all money going to courtville same cabal una well done ooo

nope

Mpeace:
Is morgan down?

https://businessday.ng/exclusives/article/regency-allied-uacn-cap-caverton-offer-highest-dividend-yields/

hmmmm man must chop on time on this. Shark tale observing in 3D thanks man

onegentleguy:
My sources say the listing price should peg far above that.

Aside that, my valuation estimate using a couple of their past financial print also pegs a possible listing price that should be way above that. Extrapolating to ~N95 per share. But that's just an estimate, so it could come in below or above that.

We wait to see what the listing price will be.
Interesting times ahead !!

Cheers.

ehyah now i get you, it is well with time it will favor you with time

Yayira:
All is well oo.. na this post ^^^ and that transcorp abracadabra make me dey yan o..

my gee

stcool:
Your bank account will be credited and after that the shares will be delayed from the market.

Wetin go sweet my bele na to hear something like special dividend of N1.00 and deal price of N25

N 0.02 naira? omo if this is true value then we may not see it to buy ooo that is 2kobo only a whole MTN

onegentleguy:
On the part in bold, Reuters seem to in agreement though;

https://www.reuters.com/article/us-nigeria-mtn-group/south-africas-mtn-registers-nigerian-business-shares-before-listing-idUSKCN1SD15G

"LAGOS (Reuters) - MTN has registered more than 20 billion shares of its $5 billion Nigerian business before its planned listing of the unit in the West African nation, the South African telecoms firm said on Tuesday.

It announced the move shortly after a judge cleared Africa’s biggest telecoms firm on Tuesday of missing a deadline to file a challenge against a $2 billion tax demand, the latest row with the authorities to beset MTN’s Nigerian business.

MTN argues that the attorney general exceeded his power when he issued the backdated tax demand in September. State lawyers had filed a case saying MTN did not file its challenge in time.

MTN Nigeria said after the judge’s ruling it had registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with Nigeria’s securities regulator, before listing the business that MTN valued at about $5 billion last year.

“We have achieved another milestone in our listing process,” MTN Nigeria Chief Executive Ferdi Moolman said in a statement.
The company said it had started talks with the stock exchange to complete the listing and would meet investors to discuss the plans on May 16.

It has previously said it did not plan to raise funds from investors immediately via the listing.

Nigeria is MTN’s biggest market, with 58 million users in 2018 and accounting for a third of the firm’s annual core profit. But the business has faced challenges in Nigeria, ranging from the tax demand to a fine over unregistered SIM cards.

MTN had said in 2016 it planned to list its local unit on the Nigerian Stock Exchange after agreeing to pay a $1.7 billion fine to settle the SIM card dispute with the government.
It previously said it planned to list in the first half of 2019.

In the tax case, a hearing into whether the auditor general acted within his rights is scheduled for June 26.

“MTN maintains that it is fully compliant with Nigerian tax laws. The company remains committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria,” MTN said after Tuesday’s ruling.

In the commercial capital Lagos, lawyers for the opposing sides had argued over whether or not the telecoms firm responded to the tax bill within the three-month period stipulated by law. The judge ruled that said MTN had responded in 19 days.

In a separate case, MTN agreed in December to make a $53 million payment to resolve a dispute over dividend repatriation.

MTN shares in Johannesburg were up 0.7 percent at 104.37 rand by 1338 GMT."

Will they transfer money to our bank account after the deal has been sealed? or will be listed as new shares in market ?just curious you know? i hate going to registrars that wont update your mandate on time.

stcool:
Dangote will not sell to Olams at anything less than N25...this is over 30-40% upside potential at today's closing of 16.00. When you add other incentives Olams
gets from the deal

Make una stay for inside house... It is raining outside.

try understand the news first before you comment, they said it would be moved to Ogun or Oyo then from there standy trailers would convey them to their respective destinations.

Guyman02:
Moving items meant for Onitsha and Benin to Dry Ports in Kaduna, meanwhile the Ports in Warri, Sapele, Onne, Calabar in Amaechis region of South South are experiencing very low traffic.
I tire for this country

President don come back from abroad? maybe market is reacting to the news

no kill me oooo it will rise with time

ndidigood:
She be de say pple de look for it
Left,right and center(transcorp)