₦airaland Forum

As long as dangsugar never start fall, we can manage what we are seeing. Atleast, for the meantime.

Zagee:
If I was fidelity, I'll just target band A customers within those states and make a the returns I can get as that band seems to cover the cost on a band B, C and including the last A price. That's if they're patient enough not to start selling off assests

PS: More revenue for TRANSPOWER in the horizon.

Almost all the discos now focus on band A consumers. Here in owerri where I work, there are places that haven't seen up to cummulatively 3hr of electricity since the increase in band A tariff. Its like 10mins per week. Which I think is Just to assure them there is nothing wrong with their transformer. The focus is on band A cunsumers.

All you see on EEDC page are apologies and excuses to band A customers on days they don't meet with the 20hrs requirement.
No apologies to other bands.

I think the ministry of power made a huge mistake and need to make new policies to protect customers on other bands.

Oando just released anothe result it called q5. Abeg which one be q5

Dangcem
Dangsugar
Nascon
Seplat

If you are in anyof the above, and you need money urgently...

Just be patient as its not comming soon.

Just know that we are together
We are all stuck.

Agbalowomeri:
Prophet Utochia don hammer😂

Hammer kwa. Which type stone be this?

The fact that dangsugar has not issued any statement yet, might imply that there might be further developments or discussions.

President Bola Tinubu has appointed Emomotimi Agama as the director general of the Securities and Exchange Commission (SEC).

Ajuri Ngelale, special adviser to the president on media and publicity, disclosed this in a statement on Friday.

Agama will take over from Lamido Yuguda.

According to Ngelale, Tinubu also appointed Lairiga Katuka as SEC’s board chairman.

The spokesperson said Frana Chukwuogor was appointed as executive commissioner (legal and enforcement); Bola Ajomale, executive commissioner (operations); Samiya Usman, executive commissioner (corporate services).

Tinubu approved the appointment of Lekan Belo and Kasimu Garba Kurfi as non-executive commissioners.

Ngelale added that the president anticipates the SEC board will bring to bear their wealth of experience and competence in advancing the commission’s core mandate.

He said the responsibilities of SEC are developing and regulating a capital market that is dynamic, fair, transparent, and efficient, to bolster investor confidence and contribute immeasurably to the nation’s economic development.

2zona:
Do you think price will remain static for ever? Market maker must do his work naa. He must provide that 100k purchase to move the price down.

I prefer he does it fast enough no need delaying, so people that want to cut losses will do and move on while those that want to remain long termers will stay and wait it out.

Which type talk be this naaa. Abeg let the price remain the same until the suspension is lifted.
We don't mind a merger or sugar and salt.
Rice can join later

So happy. Ds and Ns maintain their various prices today. Ne body fall in price.

iHaveMadeiT2:
My first adventure into anything Dangote is causing me serious headaches

Abeg go check ur bp

yMcy56:
Prof, Hero or whatever you dey drink no go solve this matter o, na to dey find how to call Alhaji to come to shareholders rescue and to dey hustle for more fund...

Meanwhile, I think internal issue is at play here....
Those NASCON guys seems not to be pleased with the merger arrangements.....this could be their strategy to address their concerns and, find means to benefit the more from the whole arrangement......

DANGRICE seems to be the bone of contention here...
.and, the main drama be say, na Alhaji own DANGRICE......maybe 90% or so.........he has awarded more goodies to himself
If we look at it, no be his sweat again? How dey wan dey drag the thing with him?

Since the merger is suspended, Nascon should just pay us some money as dividend.
They made an eps of N5.18 without paying any final dividend for the year end 2023.
Make they give us small money make we use dribk away our...

Access dividend just landed. Make I use this one hold body as I no know where dang food dey carry me dey go.

Funny enough some units of dangsugar and nascon have been bought this morning. I know say some brokers don sell to customer.

Agbalowomeri:
Una still dey on top this matter?
That's the way the cookie crumbles

The matter be like where them break girl heart. E no fit go easily. Na so e go dey pain. Na so we go dey remember.
Pple wey oando do things in those days never forget till now.

Truth is: this NSE is just a game. They cashed out.

Lesson: Trust thee no one but your self.

BabsO2:
NASCON publishing the information timely is the right thing. Withholding such information is not right.

I doubt if they published it timely. I think Nascon already knew the merger won't succeed. Thats why the proposed bonus shares as part of their 2023 corporate action.
If the merger had gone on, the bonus shares would have disrupted the initial arrangement as Nascon would become entitled ro more units of dangfood, higher than and different from what was sent to SEC for approval.

They probably released the info in preparation for something else.

We will dump, and they will buy back, claim the bonus shares and release the next line of action.

In any case they played us and might still play us again and again.

mikeapollo:
I think the court would strike out the case.
The court waited and gave opportunity to minority shareholders with contrary arguments that are opposed to the deal, to serve as a basis to throw out the case. Those seeking to delist do not have any mandate from the rest minority shareholders to do so on their behalf!
My advice: Load more Oando units if possible!

But we need to know the ruling the court wants to deliver before this conclusion. Remember there was an application by some other shareholders to be joined in the suit. Are you sure it is not ruling on that application?
In any case, Ibthink its safer to wit fornthe official communication on today's proceedings.

The way them dey vomit Dangsugar. Hmm you sure say Alh. never change him mind?

Market go soon open. Abeg Transcorp, do as you do the last time.

BabsO2:
Economy will roar back in coming months - Tinubu

You go dey believe politicians, Dey play.

But sha I pray the economy recovers. I pray.

unite4real:
Zenith bank to double outstanding shares to about 62.7B units


That Clause 6 of the Company's Memorandum of Association and Clause 9 of the Company's Articles of Association be and are hereby
amended to reflect the new share capital of N31,396,493,787 (Thirty One Billion, Three Hundred and Ninety Six Million, Four Hundred and
Ninety Three Thousand, Seven Hundred and Eighty Seven Naira) by the creation of the addition of up to 31,396,493,787 (Thirty One Billion,
Three Hundred and Ninety Six Million, Four Hundred and Ninety Three Thousand, Seven Hundred and Eighty Seven) ordinary shares of
N0.50 Kobo each ranking pari‑passu with the existing ordinary shares of the Company bringing the total issued shares of the Company to
62,792,987,574 (Six Two Billion, Seven Hundred and Ninety Two Million, Nine Hundred and Eighty Seven Thousand, Five Hundred and
seventy Four) ordinary shares of N0.50 Kobo each.

Lol. Transcorp go just dey laugh all of una. Shebi una say 40billion is too much OS. Ngwa nu.

chipa:
The market will reprice UBA . Even the closing price on Monday was still underpriced.

The market should be careful oh. Banking stocks might not maintain the same level of profit/gains.

But CBN no try sha Them for just allow banks pay us dividends anyhow they feel. 21naira eps for pay like 5naira dividend or more.

Ibrahim505:
Retained earnings of Tier 1 banks in 🇳🇬 based on latest filings
Zenith N1.8 trillion
UBA N918.8 billion
Access N715 billion
First Bank N609 billion
GT N580 billion
© Olamide Adesina

I wonder why gtb sells higher than zenith. Forget about the whole OS thing.

Notore chemicals; shareprice 62naira, eps -70.[minus seventy] na wa oh

SonofElElyonRet:
NNPC recently said they'd be listing soon
https://www.thecable.ng/nnpc-public-listing-is-within-sight-says-kyari/amp/
Dangote also used the word "soon"
https://www.google.com/amp/s/punchng.com/dangote-to-list-refinery-fertiliser-companies-ngx-group-chair/%3famp
But of course this is Nigeria where nothing is certain until it happens !

Dangote's soon no dey too soon oh. He is patient with these kind of things, maybe thats why he hardly makes mistakes.

KarlTom:
If you mean the proposed DIV, it's 50k.

Anyway let's wait for the corporate action/disclosure...

The result says 50kobo.

Princkez:
Please how did TRANSCORP arrive at 40k eps...since pat is #32.6bn , and outstanding shares is about 40bn

they are in the habit of dividing profit into those attributable to owners of the company and those attributable to non controlling interest[whatever that means] at the end, its just about haldmf of the profit after tax that is used to calculate the eps. Na their habit for years.

The eps should ordinarily be 80kobo.

KarlTom:
BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Vice chairman of NERC, Musiliu Oseni, who made this announcement in Abuja, however, clarified that the rate increase will only affect 15 per cent of the electricity customers in the country.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

It should be more positive for transcorp than transpower reason is that the discos are tge direct beneficiaries of tariff hike and Abuja disco belongs to transcorp. Its not a general hike. Its one that affects only 15% of consumers, so it might not affect the cost of bulk purchase from the genco.
I do not know however if this move effectively removes subsidy of electricity. That world benefit the gencos the more as govt subsidy debts would be eliminated and they will earn directly from the discos.

Crude oil rise to 88. Highest since Oct 2023.

SonofElElyonRet:
Tony should just bring Afam power under Transcorp Power and stop all this scheming upandan

No ooo. We go list Afam separate. Come sell some units on the floor of the exchange. Lol

emmanuelewumi:
EPS of N4.00k.

Divide N30 billion by the outstanding shares of 7.5 billion

But the result says otherwise

ogoo4real:
"More than half of this goes to Transcorp PLC" Please explain further for us @yMcy56

Transcorp owns 51% stake in transpower.