₦airaland Forum

Streetinvestor2:
This nse na real mugu fall guy men chop.what happened to all the 18m transcorp offer

lol. E don change hand.
Most owners of those offers will be regretting by now. Some might have sold at a loss.

Some people will make 20% this morning. The bold and courageous I mean.
Transcorp moved from 11.67 to 14. Na wa oh

Most of us that recently added or entered transcorp did not do so just on the expectation of a good result but rather on the anticipated corporate action(which we suspect to be unbundling)
Thats why we have been adding more on each low. Hopefully they will do a favourable unbundling exercise like he did with UBA in those days, that gave us ucap, afriprud and one other company like that.

Nairalander640:
Transcorp deeping once more

full offer

Lion123:
Geregu, with one power plant made almost as much profit as Transcorp with its two power plants and other businesses. Tony dey whine all of us.

If transcorp power arm should stand alone, we might see the difference. The power arm seem to be covering for the other non profitable arms of transcorp.

BullBearMkt:
DANGOTE REFINERY SET TO IMPORT CRUDE OIL FROM THE US
Recent reports indicated that Dangote Refinery is planning importing crude oil from the United States. This development has sparked discussions, with some questioning the refinery's commitment to Nigeria's oil industry and its patriotism. However, it's important to view this move from a business perspective.

Dangote Refinery, as a business entity, is seeking ways to reduce costs to maximize its profits. One of the key factors driving this consideration is likely to be the cost differential between Brent oil, commonly associated with Nigerian oil, and WTI (West Texas Intermediate) oil from the US. While Brent oil is known for its higher quality, it comes at a higher cost.

Opting to import WTI for refining purposes can be a sound business decision due to the cost advantage it offers. The crucial question arises when it comes to the pricing of refined products. Will Dangote Refinery price its products as if they were refined from Brent oil, or will they pass on the cost savings to consumers by offering competitive prices?

If Dangote Refinery chooses to sell its refined products at a price reflective of WTI cost, it would alleviate concerns among Nigerians.

Another major concern would be the pressure on dollars (or foreign exchange), which the country is currently dealing with.

I doubt if its just the cost difference that led Dangote to US, considering the cost of shipping, tax, and the fact that the difference in price between the grades is just 5$.

I think the frustrations of relying on Nigerian oil with all the disruptions and breach if agreements may just be the main reason.

We all saw how he literally begged for crude supply from Nigeria since November last year, and the miserly 6million barrels they agreed to give since then, a Refinery that needs almost 10million barrels a month for now, and more than 18milliin barrels per month on full production.

stcool:
NGN23+B in profit with EPS NGN+2...we are going somewhere.

This one don enter my long term Keep

When I told someone here that he shouldn't rejoice yet on fcmb 200% increase in profit, these are the things I meant.
WEMA did over 250%, yet I think there is still more to come from the banking industry.
We shall see over 600% increase in PAT.

But in all of these, what really matters is the divudends that would be paid.

yMcy56:
All these plenty "ifs" self
Na so you doubted Ote$$ so tey, you never enter GEREGU bus from 100......lol. Don't mind me....

E remain one "if" I never see in your "Ifs"......

What if shareholders who opted to go private with the company were given the option......even "if" OANDO plans delisting? (Which I doubt sha)
* Did anyone consider this option as well?

OANDO na gamble at this stage, those playing the game knows it's gamble..... but calculated gamble if I may say....
Make we continue to watch the drama anyway..

No be only Geregu I miss. I also missed BUA cement, Japaul and many others.

Na fear. I too dey fear.
Person wey Wale do something before, anytime he hear WA, na to start run.

On a giid day, with the oil acquisitio s and given the current price of Seplat, Oando suppose dey sell like N300. But...

Streetinvestor2:
If oando delist.What benefit is this news to shareholders.

Oando is a gamble. If they delist, shareholders who bought above 7 will pay scholl fees.
If they dont delist, and if Wale does not short change investors, and if oil prices remain stable, then investors will make it really big.

I think all those in it already know all these.

Oando is really doing well today.

lostinHeaven:
Interim dividend ?

Final dividend. My mistake.

UBA audited 2023 result and final dividend is ready and approved by the board. Lets wait and see how long it takes for the new CBN to approve the result. I just pray they don't take as long as the previous CBN team.

Access audited result to be considered by the board on Tuesday.

OakPearl:
How Japaulgo4ld will submit an annual report without PAT or EPS or how much they spent on taxation is what I don’t understand.

If there is PBT, why is there no PAT?
Are they enjoying any form of tax waiver/exempt from the government?

Anyone with information please share for the benefit of all for due diligence sake.
Disclosure: I do not own this stock.

They are just being "conservative"

vacanci:
they have one of the least OS in the sector. Fidelity commanding almost times 2 of FCMB's OS. I think it's a better buy for now.

FCMB has a better P/E ratio than Fidelity

My fear for both fcmb and fdelity is that dey may not survive the next CBN minimum capital requirement without serious modifications

Where fcmb want take get 900billion naira.
That least OS you se today will soon be over bloated

vacanci:
over 200% profit

price has started flying already

All the people buying because of 200% increase in profit should waylit untill they see UBA, fidelity and some other results. They will realise that 200% inn small increase.

yMcy56:
SEPLAT @3,074 officially!! Up with +279!
Moved towards last minute.....

Mixed reactions in market in expectations of results possibly........some getting more patronage in expectation of something good, some losing customers......
some indifferent.......they be like "anything wey wan happen make e happen, we no dey shake....

COCOA no even send anybody for that market......

SUGAR/NASCON: Merger expectation...

Generally,.market still behaves well today......

*Just personal view*

Seplat came through again. Another 10%. We not done yet. Lets see how far we go on this stock.

Streetinvestor2:
Why gsk suspend the shares without paying us first. The share by law is nor yet thr property. Or the law is different from that applied by ardova oil and others that delisted

I am not too sure but I think they are to pay within 10 working days from date of suspension of trade on their shares.

I just dey look this seplat, can we cross 3000 today? Or... Seplat is not joining the pullback.

onegentleguy:
For those who already subscribed to the outline and investment guide--Series 2, look at that asset with a TA analysis under the sub-heading; "Something about..." (also see the chart)

Do well to follow the guide and take position! That asset is primed to deliver great return. (ref: upto 81% ROI)

And yes other coys in the outline are also well positioned to reward good gains.
Follow through with the TS judiciously and should you see any asset trade below the TEP as stipulated in the outline, accumulate!

There are at least 11 asset names in the new outline and investment guide-- Series 2.
Do well to abide by the instructions therein and you'll be just fine!

It is well

You are doing really well. And I see you going places.
But pls I suggest you create a new forum exclusively for your subscribers, where you could reach them directly, easily and more conveniently rather than these messages that do not mean much to we that are not subscribers.

yMcy56:
Agba don carry his candle scatter the market.....
More stocks joined the red because of the panic I think.....
Let's be watching to pick at bargain again in day(s) to come.....

Some NSEMPAs go dey form I too know now......
the " I told you so" gang.
If market retraces the shedding again, they disappear.......

* The thing is: Trading is still ongoing!

Seplat doing 10% today. I pray they reserve all these bids for another 10% tomorrow.

IYGEAL:
Just wondering what the fate of those who continued to buy GSK would be. People still bought yesterday.

Yesterday was sunday.

chibaby1985:
Not possible

If UBA with projected eps of over N16 for the year fail to pay up to N3 as dividend for the year then wahala go dey.

Same applies to other some banks

veecovee:
In my opinion, there may not be crash as usual, mainly in sound ... stocks, after all, how much is dollar against naira now?

Banks mights still pay up to 10% despite the directive from the former CBN governor.

emmanuelewumi:
He has always been a shareholder of Zenith Bank, probably trying to increase his holdings to a substantial level

If Otedola moves Zenith, other banks will experience some movement.

femu:
Is Otedola buying Zenith stock?

So Otedola did not see Access bank (the most "acquisition" bank in Nigeria) to buy, na Zenith wey dey high he want buy.

Btw
He wants to own and be in the board of both FBNH and Zenith. Is that allowed?

yMcy56:
SEPLAT @2,541.......Up with +231!!
Moved with N266.8M only

Wow. This is awesome.
But I think something is about to happen in the life of seplat.
Its along time seplat had bids up to this level.

Zagee:
Was not stated Sir
https://nairametrics.com/2024/01/18/gsk-gets-sec-approval-for-scheme-of-arrangement-to-delist-from-ngx/

But why wait for them to pay when you could have just sold off at 17? Anything I'm missing?

GSK payment is mor than the 17.42 they quoted. There is the question of a major shareholder giving up his payment, and also a certain money to be distributed after the whole arrangement.

Its not Oando, Transcorp or any of the listed companies that is buying the shell onshore asset.

Renaissance Africa Energy has confirmed the signing of what it called a landmark transaction with Shell PLC to acquire its entire shareholding in the Shell Petroleum Development Company of Nigeria Limited.
Renaissance is a consortium consisting of ND Western Limited, Aradel Holdings Plc, the Petrolin Group, FIRST Exploration and Petroleum Development Company Limited, and the Waltersmith Group.
Shell had earlier announced that Shell PLC on Tuesday said it has “reached an agreement to sell its oil business in the Niger Delta, the Shell Petroleum Development Company of Nigeria Limited (SPDC)” to Renaissance Africa Energy.
In a statement on its website Tuesday, Renaissance said the acquisition marks a significant milestone, establishing its strategic position in the Nigerian market.
The consortium said it was “committed to ensuring a smooth transition and looks forward to leveraging its expertise, in partnership with SPDC’s industry-leading staff and working in partnership with all the stakeholders in the SPDC-JV to drive continued growth and success in Nigeria and beyond”.
However, Renaissance said, “the completion of the transaction is subject to the requisite regulatory approvals.”
Also reacting, one of the companies that made up the consortium, Aradel Holdings Plc said the acquisition “marks a significant milestone for Aradel, which will bring enormous benefits to its shareholders, further strengthen its financial outlook and consolidate its strategic positioning in the Nigerian energy market”.
Aradel disclosed that it is committed to working in partnership with all the stakeholders in Renaissance and the SPDC Joint Venture to ensure a smooth transition and drive continued growth and success in Nigeria and beyond.
Aradel’s Chief Executive Officer/Managing Director, Adegbite Falade, was quoted as saying: “This successful acquisition represents a key step in our journey to becoming a leading energy company in Africa and aligns with our long-term strategic growth plans. It also demonstrates our commitment to our “3R” Strategy of Resilience, Robustness, and Redundancy.”
Shell, for years, has sought to sell its Nigerian oil and gas business but will remain active in Nigeria’s more lucrative and less problematic offshore sector.

I am begining to think that with time, the focus of investor on NSE will shift from % return in dividends to capital appreciation.
It is clear to us all that stocks like Transcorp hotel may never pay as much dividend as to justify their current price(so too may other stocks) yet billions keep getting into them and the market.
Surely, not all the money that has entered this market can leave by dividend period this year. Alot will remain, and alot will still enter.
Tinubu's government has only done less than a year and many believe his govt will favor NSE.
We will just watch and see how investors react in the coming months. Surely, new lessons and new theories will emerge.

Locotrader:
That is for you.
I trade in only 1 or 2 stocks and it works very well for me.The loot is always catholic when hammered.

With good "insider info" you can invest in oly one stock and make it big time.

I have been imagining if i had put all my investment in Transcorp when My average was 99kobo, I for done retire by now.

megawealth01:
BREAKING: Dangote refinery begins production

https://punchng.com/breaking-dangote-refinery-begins-production/

Dangote wants to remain the richest man in black history by all means and the government is helping him achieve that

I am happy you highlighted the bolded.
For those pointing at the efcc fx investigation, government will not alliw anyone touch dangote