₦airaland Forum

customstreet:
May likely do bonus

I pray.

So UCAP has risen above 19. Hmmmm I still dey ask where this stock dey climb go.

For more than 6 days Gomoney has been down with customer money trapped.
was thinking I was the only one using it (I have over a million Naira there).

I went to Instagram seeing lots of people using them for either business or savings.

For the almost a week they've been sending generic emails and replies to angry customers.

What are both CBN and NDIC doing about this since they're both licensed under them.
Sterling bank is exonerating themselves from gomoney they claimed to own.

Please if you're a gomoney user kindly comment for way forward.

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This is why I dont do all these online banks.

Locotrader:
For more than a year, infinity trust bank has refused to go up due to free float issues.it is only in this period we are seeing movement.
Thanks to the persons making it possible

Once this Oga pick any stock, he no dey look back.

Going by the way the Naira is falĺng against the dollar, it seems the fx gains enjoyed this year by our banks may extend even up to next year. Dollar has been seen trading above 1k at the official market for some time now.

May other companies find away around their huge fx losses.

BabsO2:
WEMA Rights Issue of 8,572,103,573 Ordinary Shares of N0.50 each at N4.66 per share

on the basis of two (2) new Ordinary Shares for every three (3) Ordinary Shares held as at the close of business on September 28, 2023

Acceptance List Opens: December 11, 2023 | Acceptance List Closes: December 29, 2023

This rights offer is rapid !!!!

They want to raise about 39billion. But for what purpose?
CBN recapitalization might require them to raise further cash.

Zagee:
500bn recapitalisation being mooted

For Oando abi na for who

So after gsk, pz and etc, which other foreign company do we expect to leave next?

What if Nestle decides to leave Nigeria, how much them go pay?

Where is ucap actually running to?

debeey87:
I recently discovered that money apps like palmpay and opay give 20% and 16% respectively on their savings account for 1yr.

The interest are also available daily on a prorated basis. Asides the fear of closure r loss, isn't it better than fixed bonds(of course one can earn more from bonds if rates changes).

Will appreciate opinions.

Na the bolded fear me past.
The day I open an account with one of those named apps, I shall not allow my money spend the night with them.
Capital preservation is more important my brother.

Access bank did well today. The gap between Access and Uba has been narrowed down to 90kobo, from N3.

kolaish:
listed under Growth Sector where TIP and MCnichol are.

ooooh thanks. I was looking at EQTY

Pls is my system or is Mecure not listed today on morgan capital itrade?

ogoo4real:
Any cross deal UpTo a 100k to change the price

See this people. Just chopping their money.

Mfunkynation:
so Morgan capital is still not working!

December rituals. They shall be back.

BabsO2:
UBA - Doing well in Nigeria and Africa

Those things are usually paid for.

dammybrite:
What is holding Access down?

They did not print as good result as UBA and the like.

PETERiCHY:
Mpeace smiling sheepishly rightnow

This one na big stone wey resemble accolade.

yMcy56:
Lol. Peter so you end up not having this SEPLAT?
Can remember you were waiting for it @150 that time.....
Mpeace don hammer, my Christmas hamper don set.

Lol. I remember the day you help us move this Seplat.
Its not done going up yet.
All na paper profit for now.
Once we reach the peak, may we be wise enough to drop off.

Locotrader:
Good morning folks.
Transcorp is planning to separate the power subsidiary .How true is this news and what is the effect on share price?
Positive or negative?

But how reliable is your source. Cos I think this is what transcorp has been missing

yMcy56:
Just like that?

Happy New Month!

lol. Make I follow you ask oh! Just like that?
I think it would be a very very positive news for the shareholders of it is unbundled.
Imagine geregu with far less capacity than Transcorp Power, yet geregu is selling at 399 and transcorp at 6.95.

Let them separate the power sector and allow geregu lift its price.

But I hope they are not planning to separate it and sell to an entity like FO did with forte oil.

Seplat holders, its another 10% today. Up by 210. Tò 2310
Its slow but steady for us.

Choiceguy:
Minority shareholder said the share can be acquired at the average price of Oando's share price On the NGX for a period of three months prior to the date of the court order in 2021.this line got me think ,if it is true;that is why some Ogas like Agba,currentprice has refused to look towards wale and his Oando.abeg make market open make I sell my own sharp! Sharp!!

Lets hope the reported did not quote them well

yMcy56:
The guy seems to know about court processes like "Mpiss" said .....seems he's a lawyer or have Court insider info too.

But come to think of it, from TheCables report, this Court Case seems to be between OANDO and the 14 minority shareholders -the petitioner, and not probably with all minority shareholders..... based on the writeup

We needs to get clear information on this case to know Oando's stand actually.

https://www.thecable.ng/court-adjourns-hearing-on-oandos-minority-stake-acquisition/amp

OANDO FAQs
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.oandoplc.com/wp-content/uploads/2022/08/Oando-FAQs.pdf&ved=2ahUKEwjRgNu1uOiCAxXXQEEAHRi3A2MQFnoECAsQAQ&usg=AOvVaw0MpzLgpQfThWMGbcg4yhIE

I hope this screenshot is not correct. I got it from the link you posted above. Especially the second paragraph

yMcy56:
As early as 10.43, you made this post......
Naija we hail thee.....
We are still waiting for the official outcome anyway...

It might not necessarily be his fault. Courts usually start sitting by 9am. And where a case would not be heard or for any reason there would be need for an adjournment, or where one of the parties has an SAN as Attorney, they might conclude even before 9:30am.
Its 7: 40pm and there is no doubt the case has concluded for the day, yet we do not know the outcome of today's sitting.

Oando should have sent out some info. since the press are not interested in following up and updating the public.

ihedioramma:
Today is OANAO day, if you can get OANDO today befor 12PM it will be good for you .

Welcome back. Sir Ihedi.

Olaide1295:
Where is this from please, source?

I read it somewhere but cannot lay my hands on it.

But this screen shot may assist

Streetinvestor2:
Alhaji would prefer his holding structure in refinery to be like that of Dan cement. And with the already 20% gone it is not possible. So how many percent will he now still give to investing public. You can see the manipulation rabiu is doing in his companies because of his share holding. Why do you think alhaji valued the shares of his sole rice business more to sugar in the merger of Dan food..1 rice is equivalent to 11 sugar without telling us what is the value of the rice company and what iit is bringing to the table like we know what nascon is bringing via its financial statement. .Though rice is not a public company but it should still have financial statements for us to review.

Alhaji Dangote does not agree that NNPCL owns 20%. He says they lost the chance.

yMcy56:
We are waiting for Providus price....
I personally don't expect it to be less than N2, but I may be wrong.

Providus left NASDAQ in 2022 and is currently doing well as a private Company.
Not much is known about the bank anyway but we just hope the price to be paid will be rewarding

The CBN capital raise will affect all these small banks. Depending on the base to be fixed by the CBN, banks from fidelity down are likely to face mergers and acquisition. I do not see Providus surviving without merger or acquisition

Seplat dividend just landed.
This weekend ehhh...

Ucap is really doing well today but not enough units to appreciate officially.

sboga:
Loco and Mpeace are same pesin.
Streetinvestor & nigeriblabla- same pesin diff moniker, mcy & gina - same

2 loco and all hin monikaz

Think I no mnow,
I knew all you mfers since u even ported here I was one of u back den…U know me. I dey ur papa.
Make me popular ke ? Siddon jarre I jus Dey come here to shit on top your faces and laugh while I see una still dey fo dis game while I don blow places comot.

Chai, nothing I no go see for here. Loco wey be legend na him you want merge with newbie like me.
For school wey we dey, loco na Senior lecturer.
I just dey enter year one.