₦airaland Forum

mikeapollo:
This is good!
Shareholders of Oando would not just sit idle and allow some shenanigans to take place in broad daylight.
Now we need to know and see faces of the people behind this attempt to rob innocent shareholders of their investments.

My only fear is that the case will linger for longer time. Except their is a settlement out of court, be sure that the case won't be concluded this year.

thebargainhunte:
is the registrar mailed? They have been holding my dividend for years now.

I mailed the registrar.

thebargainhunte:
Am I the only one who has not gotten anything from GSK?

I have not seen mine. I had to mail them today. No response yet

Streetinvestor2:
Can you do this directly yourself or an instruction given to your broker to execute at the right time.i don't understand oh

I think its through the broker but na oga Loco fit clear us on this.

yMcy56:
15.45 is highest price for today....
How you wan buy for 15.45 again?
Or you mean 14.45?

Besides, anyone wey wan commot make e commot make others see road.....

They place buy order at the highest price so that if it goes the other way and there is full offer, the order fails and they don't lose money.
But if the news is positive from the court then their order at the highest prices might go thruogh on full bid.

SonofElElyonRet:
In the UCAP matter, will they go ahead to declare bonus shares as highly anticipated ? Even my stockbroker is confident they'll declare bonus

Are you sure the bonus is not priced in already?

Stan2330:
Can u mentor me?

Ngwa nu. Over to you.

Na wa oh. E be like say na only me gsk no want pay. I have been checking my acant since early morning.

Nascon: 68.80
Dangsugar: 80

It seems they use Nascon to enter the dangfood, reason why they don't let it rise too much in price.
Nasco sold over 1million units today, yet no rise in price.

ositadima1:
Even if it is $1 million, it is commendable. If we had many indigenous companies like that repatriating funds from foreign operations, Nigeria would be in a much better position.

It is no droubt commendable, and I cannot in anyway criticise dangote for that. I only have reservations on the fact that our biggest export is not substantial enough as to affect the exchange rate.
It also goes to the question of why the british pounds is valued higher than our currency. British companies bring in over 50billion pounds per year while ours is less than 3billion pounds.

ositadima1:
Same way, Dangote Cement in Cameroon, Congo, Ghana, Senegal, Sierra Leone, and other countries likely repatriated money back to Nigeria from its foreign operations.

Lol. How much did they repatriate.
Dangote cement as a company has a total (home and abroad)revenue of less than $1billion

defebe:
What is UK producing that is making GBP stable against they dollar..UK has a nation is always in trade deficit

They know how to play the game. Go to UK you will hardly see any foreign currency aprt from the pounds, and you hardly send their pounds out.
They also highly restrict trades in foreign goods especially food items. They bring all sorts of barriers in the name of standards and test that ensure that you hardly import. They consume mostly UK items and still export to african countries while rating our goods as substandard.
They also have many multinational companies that like shell etc that bring in lots of revenue.
They also somehow benefit from our poverty and corruption such that we provide them with cheap labour, fund some of their institutions through billions we (and other african and asians) pay as school fees etc most of their banks and real estate are financed with stolen money from africa.
Finally they have a very very effective tax system.

ttmax09:
Shouldn't Transcorp hotel take the award for the most manipulated company? a trillion Naira company with 60kobo EPS, I pity unsuspecting investors who bought it expensive sha.

We dont know yet why it has been flying. Could some form of Ote$ be involved. Mind you the majority shareholders in transcorp hotel are
1) The federal Government
2) Transcorp.
These two own about 87.2 of the total OS.

Its not necessarily the result that is pushing this one
I think someone is buying at all cost maybe to force a takeover.

Truely, market has a mind of its own. Just imagine someone after yesterday's 10 10 loss, deciding to cut his loss by selling early this morning, only to realise that the same stock made maximum gain at the end of the day. Hmmm

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.