₦airaland Forum

Sunrisepebble:
I think the situation is a bit different with Aradel. While people will want to cash out, I believe demand will be constant for the stock. This is Oil and Gas. And a very generous dividend paying coy. The demand will always be there

No doubt, demand will always be there, but just assume that cscs did the needful and everyone had access to their holdings, do you know the kind of offer we should have today? You dont do such split that aradel did, then list on an easily accessible maket like NSE and expect people not to take profit.

bastardson:
So technically, we should still hold our money and observe ARADEL?

Market has a mind of its own. And in Nigeria, regulators have a mind of their own, if you play ball with them, they give you what you want.
In civilised climes, demand and supply is the rule. But we are not in civilised clime so anything is possible.
The chairman fit make call, and you see 10% gain now now

Sunrisepebble:
What happened in Transcorp ?

Those founding members rushed to sell their units at the high, as soon as it was listed. Even with the very low free float, transpower is still on red since those guys are not done selling.
Some of these stocks need less availability to move in price. Scarcity is key.

IamR:
I got the same response from Morgan.

Them no want make una cash out. I pray transcorp power don't happen here.
The moment cscs list the stock, many will book profit.

Today is last day for UBA dividend. Make una act oh

Sunrisepebble:
I heard it’ll only trade for 15 minutes today

15 full bull minutes.

bastardson:
Is ARADEL now available on the NGX?

But not trading yet

BabsO2:
Why the sad face. The result is excellent. Transcorp will automatically get 51.6% of the profits based on its ownership of Transpower . Those MHing Transcorp and Jijoing will be hiding now

Between oil and power, who knows the place to be? They are doing so well

KarlTom:
TRANSPOWER

https://doclib.ngxgroup.com/Financial_NewsDocs/42322_TRANSCORP_POWER_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

Excellent result

sterlingD:
Correct me if l am wrong here but the shares outstanding that was used to compute should be the old shares outstanding and not yet the new shares outstanding at H1 2024.Even the share price should be that at half year H1 2024 and also the EPS ......etc

Its the new shares outstanding

I got this excellent aradel/seplat analyses from facebook. This guy does exceptional stock analysis. I think he is worth following. I do not know if he is here.

Agbalowomeri:
And they can't pay N10 dividend?
No be audio be that?

Na year end we go know. This eps is new. The PAT is record breaking. They need to break the dividend record.

yMcy56:
GTCO sighted @50+
Maybe some people already saw Q3

When GT move, na so you go see Zenith trying to shake body...... follow follow something..

You don't need to even see the result to know that eps should cross 50 by this q3. Just imagine eps being above share price

KarlTom:
It is already being paid to a select few

On paper

megawealth01:
Not defending them. It's a global practice anyways just that the ish is the corrupt system in Nigeria

They know global practice when it comes to squeezing money off the masses but dont know it when it comes to minimum wage and responsible governance

Ddll:
MARKET BULLETIN


10 October 2024 NGXREG/IRD/MB73/24/10/10


Transnational Corporation Plc: Suspension in Trading of the Shares of Transnational Corporation Plc

Trading License Holders and the investing public are hereby notified that trading in the shares of Transnational Corporation Plc (Transcorp or the Company) was suspended today, Thursday, 10 October 2024.

The suspension is necessary to prevent trading in the shares of Transcorp to enable the Company’s registrars and CSCS to reconcile their books for the listing of the reconstructed shares on Nigerian Exchange Limited (NGX) pursuant to a share capital reduction embarked upon by the Company.

The suspension is required for the purpose of determining the shareholders who are entitled to receive the reconstructed shares.

This is for your information and necessary action, please.


Obioma Oge,
For: Head, Issuer Regulation Department

Thanks alot. Na so dang foods go come, like a thief in the night

Princkez:
I think shareholders gave approval at the last agm

Wow so when next we see transcorp it will be on 44.20.

gloriousdawn:
Likely on suspension for the anticipated share reconstruction.

But they are yet to recieve shareholders and court approval.

Abeg oh. Is transcorp on technical suspension?
No trade for first 22mins today.

No offer no bid

cocolacec:
Seplat going to KM 6000.

It added only 252 today. But happy to know it has crossed 5000 to close at 5,217.20

designking:
NASCON almost full bid.... Whoa!

Lol. MSE na someyhing else.

SonofElElyonRet:
UBA on the heels of zenith. 1st three in the same bracket

No be lie. Gtco, zenith and uba stand out. Access go dey there, fidelity come take their place.

Minus fx gains, gtco still topped them all.
Wetin Access dey do sef. Only one billion from core banking in six months.

Cc; Nairametrics.com

Agbalowomeri:
ACCESS the more you look the less you see. See the level of inefficiency

Access just set up another subsidiary in Namibia.
Them no dey tire

With these results of the popular FUGAZ, I only have 2 questions. One for GTCO and the other for Access. E get to do with ratio of revenue to PBT.
From the Revenue point, I think the elephant is back up there
Cc: Nairametrics

Me wey de prepare to load gtco. Maybe this campaign will bring it to my price

Raider76:
https://nairametrics.com/2024/10/05/bullish-momentum-in-nigerias-oil-and-gas-sector-can-the-rally-be-sustained/

Is above a balanced writeup? Oando's major source of concern is the negative retained earnings, while Seplat's is over valuation. They didn't touch Aradel and Eterna.

With the spate of developments, acquisitions and upgrades in the sector, I doubt if its possible to predict future earnings of these oil and gas companies. Their analysis could be based on H1 results alone. It may therefore be too risky to make valuation on just that.
Let's just wait till year end.

ositadima1:
Amber Alert!!!

Watch out for WAPCO and GUINNESS. There are some sentiments reflected in their charts, though I'm not certain whether they are positive or negative.

WAPCO s time is near. It should start catching up with its peers.

BHG:
When FO was battling for Transcorp PLC, he felt shareholders should be getting more ROI. This appears to have gingered up TOE because companies that have his footprint on the exchange are becoming more generous .

I pray they do the same thing to Access bank.
Those people ehh. I no fit tell their story alone

Ades1:
Earlier today, I took that ₦1M challenge (Although I only committed 650k), and put it all on Fidelity! No idea they were going to drop their results today. Now I'll let the market do it's thing

https://doclib.ngxgroup.com/Financial_NewsDocs/42279_FIDELITY_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

Wow. 85kobo interim dividend. Access should really be ashamed of itself.
Final dividends of banking stocks go sweet well well.

Sunrisepebble:
I personally believe that the best plays are found by not rushing to find the next best thing since sliced bread. I wait patiently, do my homework, and when the stars align and the information is solid, I bet heavy—sometimes even a significant portion of my net worth. Right now, 90% of my trading account is riding on Aradel, Seplat, Total, and JB. With each of them already returning over 200%. Patience and conviction wins the game.

Great.
And something tells me Total is not done yet.
Q3 of many stocks will actually clear things.

Contrary to what some thought, the Isreali Iranian conflict is actually causing a rise in oil prices.