₦airaland Forum

This market dey really shock me. UBA at 43 while Access remains at 23.50
Even fidelity is catching up with Access. Fidelity now 21

Hmmm

Sunrisepebble:
Market whisper
Hearing the Chinko deal will be concluded, they’ll do an MTO but I think at same price as majority buyout.
For H1 hearing N7 EPS and likely another N4 interim dividend
NFA/DYOR

If it's the same price with majority buyout, then it's good to sell now oh. $0.06 at current exchange rate of N1,560 to $1 is like N93.6.
But they might not go lower than market price

Cadbury fall today to 55. If It falls tomorrow, I re-enter.

MTN might get to N400 by tomorrow. Did maximum appreciation today to close at 390

UBA not laughing at all. Now 39.
These guys are only making Access bank more attractive

megawealth01:
You notice too

Zenith too. Now 61

UBA carry money enter this market today

megawealth01:
We have decided to let the MM do their thing up till #25 for a start

Na wa oh. But I have one question.
If I join now, will you people give me 100% by month end?
I no dey ask for too much.
I am looking for where to reinvest what is remaining of my Cadbury change.
Cadbury is still an option for me though, I only need to see how far profit takers can take it. If I see Cadbury at 20% less of today's opening, I go buy small

CILeasing really mean business. They have already moved officially to the climax for the day

Streetinvestor2:
It is not true. I have done my findings In abroad people sell property and investment the money in another real estate without paying CGT.
I have hard investors say how they have escaped taxes by reinvesting in newer assets. Even Warren B does it.The rich have been using it to escape paying big taxes

Abroad is not Nigeria. For instance, abroad, doing charity alone will exempt you from certain taxes. But in Nigeria they will tax you and look for a way of taxing that charity.

Do you know that in most states in Nigeria, you pay Capital gains tax when registering a land. I mean land that you just bought oh, land that have not appreciated in value.

Streetinvestor2:
Is not true and possible. How will they know if you are reinvesting.
It is only when you pull money from your brokage account to your bank act that CGT can apply. No CGT when you sell and reinvest the proceed .
I have decided na only dividend which they cannot collect another tax on it beside WHT will be hitting my account. The won't see shishi as CGT from me

Even when you reinvest, that money is taxable before the reinvestment. The moment you reinvest the new investment becomes another opportunity for a taxable income.
The question in taxation is when does the taxable income accrue.
Capital gains tax accrues the moment you gain from your initial purchase.
The very moment you sell that is when the tax becomes payable.
The second investment(reinvestment) becomes another customer for the tax authorities.


E go hard to escape this government tax. Everything you know, they know 200%

zendi:
Una too sharp.

I was even thinking they will be taking the tax at CSCS point.

Once you sell, they take. Because the money would pass through a bank before getting to the broker and before getting to you.
They will take it from the broker's account

Agbalowomeri:
Meanwhile e be like say na you AIICO dey wait for to leave before moving Lol

Aiico na directors food. They are not interested in share price appreciation. Them don swear to never ever allow the stock go up

pluto09:
https://punchng.com/forbearance-exposure-cbn-directs-banks-to-submit-capital-restoration-plans/

This cbn ehh, I no know wetin to say.
This is what they should have done, Before that confusing circular.
They just don't know what they are doing, they appear to only what to be seen doing something.

megawealth01:
.
Congratulations. Welcome on board 🛹

My broda, you guys should be good to me abeg. I am not asking for too much. Just %100 return. I no dey greedy like some other pple.

Ok oh. Make I dey PZ and UACN for now, after deducting small profit.

I no too get liver to take some kind things. I don jump comot from Cadbury with N28 gain.
Make I start my weekend now. Till next week before I enter another stock with wetin go remain.

That guy that ran Diamond bank down.
I remember then, I was so optimistic about Diamond bank that I threw in almost all my money there, If not for the takeover bid by Access and rally that followed...hmmmm

yMcy56:
Are you minding Peter?

Anyway, where you see Unilever and Cadbury at above 50, expect PZ to catch up at some point...

In all these movements, it's OANDO I'm eagerly awaiting its own upward movement.....No matter how they try hard to suppress the mvmt...

PZ audited 2024 and q1 2025 result will be that decider.

PETERiCHY:
What of those of us that bought circa #15 last year Well someone predicted it's heading to , #750 meanwhile I will alight at circa #100.

BARGAIN HUNTERS TAKE NOTE!

N750? Well? Nothing is impossible.

Mpeace:
This market sweet sometimes. Cadbury wey we buy 29 is now 53. Wow.
But Cadbury fundamentals so too strong.
Profit taking will soon set in

I am still in shock how Cadbury overtook UACN

This market sweet sometimes. Cadbury wey we buy 29 is now 53. Wow.
But Cadbury fundamentals so too strong.
Profit taking will soon set in

Aradel seem set to give N15 make today. I bought at 447 I missed opportunity to sell above N550. I need it now Make I manage the small gain.

DeRuggedProff:
Anoda address...

Lol. No be small thing.
When you see opportunity, and you know that Morgan Might not credit you on time, you just have to sell some stagnant stocks to take up such opportunities.

ndept:
The bolded is not right please. I bought a stock last week on Morgan platform by 10.45am and sold by 1.45pm same day. For avoidance of doubt on why I bought and sold within 4 hour, it is just for a profit of around seven percent, because I don't really have confidence in the stock for a long term, not even one week.

I buy on sell on Morgancapital and buy within minutes with the proceeds of the sale. You are very correct

ppogba:
Their dividend payment has been embarrassingly shameful.

So shameful that they cannot even compete with Fidelity!

Very greedy board of directors and management.

Fidelity OS is about to multiply. After their next capital raise, they should have over 70billion as OS. While Access would have about 53billion OS.

At this rate it would be difficult for fidelity to pay up to N1 in interim dividend. That's like N70billion.
And also pay a final dividend in the same financial year.

Who bought Ibadan power distribution company.
I hope it's not Transcorp. These distribution companies don't make good profit.


The Asset Management Company of Nigeria has announced that the Ibadan Electricity Distribution Company (IBEDC) has been sold.

Gbenga Alake, the managing director (MD) and chief executive officer (CEO) of AMCON, disclosed details of the sale during a media parley with media executives on Thursday.

In April 2024, the federal government said it would sell five power distribution companies under the management of banks and AMCON.

The DisCo, managed by AMCON, is one of five listed firms. The rest are the Abuja Electricity Distribution Company (AEDC), Benin Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company.

Speaking at the conference, Alake said the company was sold for N100 billion.

He said AMCON will soon hand over the power firm to the preferred bidder.

“Today, I announce to you that Ibadan DisCo has been sold. When we came in, it has already been sold. It was sold for how much?” the AMCON boss said.

“We got in and said no, it cannot be. We said they should go and submit a new offer that we were not going to sell for that.

“At the end of the day, we got almost double of what Ibadan DisCos was going to be sold for.”

Alake said the sale has triggered legal battles, with “so many interests now fighting and writing”.

He said that while the matter is in court, AMCON is very positive that the right thing was done.

“We have sold it… and whatever is still happening in court, we will face it,” he said.

On May 15, report circulated that the African Initiative Against Abuse of Public Trust, a civil society organisation (CSO), has filed a lawsuit before the federal high court in Abuja against AMCON, Nigerian Electricity Regulatory Commission (NERC), Bureau of Public Enterprises (BPE), and the Ibadan DisCo over an alleged proposed sale of a 60 percent stake in IBEDC for $62 million.

The CSO, in the suit marked FHC/ABJ/CS/866/2025, described the sale as “secretive and illegal,” adding that the alleged amount is “corruptly undervalued”.

The African Initiative also claimed that the deal would lead to a loss of $107 million compared to the $169 million paid for the same stake during the 2013 privatisation of IBEDC.

ojeysky:
Ellahlakes has done almost 100m already...Na wa o. Meanwhile see neimet,.Calverton, ftn like play those stocks have been doing 10/10 back to back. Congratulations to those in the bus

You can make like 15% today on Ellah. There are offers at below N9 at the moment. If you buy and it ends the day on full bid, you make good money.
Caveat: I do not know if the movers have reached their target price. DYR.

At N10, they need 25billion new shares to raise the kind of money they want.

It would be better they push it up to like N50, so that the OS will not be too much. At N50 they only need to raise 5billion new shares.

Sunrisepebble:
GT will be dual listed. Find below:

By this notice, they will not be doing any PO or RI on the NSE to meet the new N500billion CBN requirement.
That's good for free-float on the NSE. But I am thinking dual listing could see less fx inflow into their Nigerian shares and foreign currencies will remain in LONDON due to Naira stability issues

Payunsin:
Made the most money in a single day ever today ( on paper oo cos I never sell)
Alhandullilahi
And my gidigba Transcorp did not move, I even bought more.

Transcorp gave 20kobo today

KarlTom:
If I explain you won't understand because you seem to be speaking from a fix point...

PS: Try and get the book by Mr Bawa former Chairman of EFCC [‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’]

Bawa. I have had personal experience with this man. I remember when he was in Port Harcourt, just before he became head of EFCC. A matter I handled in court...
If I have to judge from that experience, then I will advise you not to take that book seriously.
Also remember all the uncleared allegations made against him with respect to disposal of seized properties.
Nigeria is corrupt, with or without subsidy.

PETERiCHY:
GOOD LUCK to those that of us that were able to GRAB some UNITS when the MONEYBAGS were SIGHTED few days ago

JAPAULGOLD on FULL BID @#1.72...

I foresee their RIGHT ISSUE @ Circa #5:00

BARGAIN HUNTERS TAKE NOTE!

They said they want to raise 500billion Naira by issuing new shares thus raising their outstanding shares to 100billiin units from 14billion units. In other words they will create about 86billion new shares to raise 500billion Naira therefrom.

The rights issue may actually be more than N5.

Make Una enjoy

While we were looking elsewhere UACN just did 40% in the less than two weeks