₦airaland Forum

Ballzproblemm:
how pesin they take make money from Nigeria stock market , na question I ask

By buying low and selling high. When ever your see your target stock falling, wait till its done falling and buy. Sell when it rises.

Bitcoins fall to $18k.
Na wa oh.

Just got my total dividends. Good reprieve.
FBNH next and then we start counting down to interim dividends.

Market is still reacting to the US Fed Rates hike. By monday we should see our market back on track. But on a very serious note, we need to reduce the influence of foreign investors on our markets. It exposes our market to negative effects of foreign actors. If US raises rates, our market reacts negatively, if the reduce rates our market remains where it was rather than react positively.

ebuka1997:
Will oando stock price rise of tinubu wins? He may give his nephew some oil and gas deals.

I thought of this the very day Tinubu was declared APC candidate, and the conclusion I reached was that it could go any way.
They might use the impunity that comes therefrom to manipulate the shares, they could also use it to strip the company of any life that still remains or they use the advantage to add more assets to it.
But this will all depend on whether APC can clinches the sit of power.

Transcorp and their yeye bids/offers

Which one is 55million bids vs 53million offers.
In short, transcorp is on full bid and full offer at the same time.

yMcy56:
These 3 stocks are mainly the ones one heavyweight is selling: GTCO, ZENITH, UBA........
Election is coming, could it be that some politicians are offloading to get liquid for campaign??
Could it be one moneybag eying oil biz or Otedola trying to generate more fund to buy one/or more of the integrated power project that the FG planned to sell??
Guess the same guy/entity was crossing Access, Fbnh and Fidelity before now........
Well, whatever it is, we keep watching Mr. Market....

UCAP:
Someone sold down to 12.40 earlier......and it immediately jumped back to 13/13.05.......
Two 5Ms suspicious on offer table.........why didn't the seller clear available bids?

Lol. Don't mind me, just thinking out loud....

Company that will soon come to raise capital after the price manipulations
Answer: seller want to sell at higher price. As soon as much bids come at 13, he sells down to 12, then manipulate back to 13 and allow bids to grow

yMcy56:
TRANSCORP! Sighted @1.39 earlier!
@Mpeace hope you're still in the bus .......
I hope Loco is still in the bus too.....

As for FBNH, risk takers should just keep eye on this space as well.........let them keep dumping it.....
They forgot that if Otedola exited around 874million units for reason best known to him, it's another heavy duty that's buying............we keep watching how the billionaires are playing the game....

I am still in Transcorp oh. Wanted to add more, but it flew to 1.30 from 1.23 the very day cash came. LETS JUST WATCH.
I still want to add more at sub 1.25

This transcorp up and down movement , na waa. 93miion units done today and still counting. Touched 1.31.

megawealth01:
https://nairametrics.com/2022/06/07/jitters-as-femi-otedola-offloads-834-million-shares-of-fbn-holdings/

Banking Magic

fbnh go fall today.

Harvestock01:
Herbert and Co also borrowed from Fountain Trust Bank to buy Access Bank but the funniest was Access owners borrowing from Intercontinental Bank to buy Intercontinental Bank.

Same with the "cabal" using Heritage money to buy heritage bank.

yMcy56:
E Ku market o.

FIRST BANK: Roughly N6.7 Billion spent on cross deals today AGAIN!!
Just say make I come announce to una again.......

What is happening in first bank cannot not just be waves away. Power play is on. Infact, there appears to be renewed interest in nigerian banks by the money bags. See Union too.
Otedola and Co are truly after the control of fbnh and this should reflect on the price very soon.

Nigerialabalaba:
if we follow d sec rule o, Titan no dey under compulsion to buy out minoroties shareholders o.
Na if major investor hold less than 80% na hin u must come floor come buy at least 5% from d popular side.
As tins dey so, I doubt if Titan go buy shishi so me I no tink say e pay to continue to hold UBN if u don get capital appreciation dia already.

Titan na shaq and u minority shareholders na be baby handbag.

Igi pawpaw o ni wo pawa o

yMcy56:
Where did you see that rule? Maybe it's been scrapped sha.

Titan purchased UBN @7 Naira.......poor price I may say for a whole UBN!! Dey don scam shareholders.

What if Titan won't buyout the remaining minority?

They may decide to change Union bank name and go as private coy or list on NGX..........maybe this will be beneficial to minority shareholders instead.

https://leadership.ng/997-2/

Not Nse or Sec rule but CBN rules

Meanwhile there was news on media about titan bank purchasing 89% of Union bank. I thought the rule is that a bank cannot own a fellow bank? If So, thenwhen does titan intend on buying us out cos I dont intend to hold any unit of titan trust bank for now.

yMcy56:
Na just gambling nah.
If Tony is ready to move, dem go move am o.
What if he comes in form of share buyback? Not saying he's coming for this o, just possibilities.....

Btw, Wetin push you inside WAPCO bus @30?

I always valued the stock above 40 for now. That moment it started moving I thought 40 was the destination, knowing fully well that it has prospects for future growth. Its a long term investment sha

yMcy56:
TRANSCORP
Looks like Tony and his cronies hands are now in it.......what we've waited for.
We see how they handle it's case in coming days........how it's handled will proof if he's now now actually involved or not.

** Don't take my words for it. Just speculations. Jijoist should be watching this space for pullbacks**

85million bid vs 57million offer. That one alone is confusing.

yMcy56:
TOTAL already passed.
Qualification date was 22/04/22......Payment date is 17/06/22

ok, sorry, thought you were talking about payment date. Add fbnh

yMcy56:
DIVIDEND QUALIFICATION DATES IN JUNE 2022
1. DANGSUGAR: N1 ..........01/06/22
2. ECOBANK: $0.0016........03/06/22
3. SKYWAY: 0.0165............03/06/22
4. UACN: 0.65k .................07/06/22
5. COURTVILLE: 0.04k............09/06/22
6. CAP PLC:. N1.25 ...............11/06/22
7. BETAGLASS: N1.10 + 1:5 Bonus......... 10/06/22
8. MCNICHOLS: 0.03k + 6:5 Bonus...........30/06/22


** DANGCEM and CONOIL marked down today 31/05/22 for N20.00 and N2.50k Dividends**

Totalenergies 17/06/22
Fbnh 21/06/22

ololufemi:
This question wey you dey ask this early morning get as e be o! Wetin happen o my dear?

My brother, I had wapco and added more at that price. I don dey cry since last week. If you see wetin wapco and mtn do me ehhh.
They both raised my portfolio and suddenly wanted to give me heart attack.
On two different days, both of them cut atleast N1.2m/day.
They gave me joy and took it back. I just dey wonder wetin people dey go through.

I just hope no body bought wapco at 30 with borrowed money.

https://www.reuters.com/markets/commodities/brent-could-push-past-150bbl-if-russian-oil-exports-shrink-bofa-says-2022-05-27/?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0TnG5oV_KC_SdnKbYA9U5CuTcoiC2o3A2xo0n17uzvKEB_ZgDBu-cWZ0A
Oil predicted to get to 150 if...

sidonlook:
FBN dividend is poor when compared with the increase in profit after tax.
Perhaps retained profit for possible bonus issue in 2022Fy.

Much of the profit was from Atlantic oil loan repayment of over 140billion naira. It appears Honeywell loan repayment and Airtel share sale has not yet been captured(not too sure though)

BabsO2:
I noticed nothing recorded against former FBNH directors as holdings at time of writing Q1. Doubt if they sold off everything. Perhaps they decided not to show their current holdings as they are no more directors. But then a foot note needs to be inserted to prevent ambiguity.

I noticed current directors don't have FBNH shares. That doesn't look good.

current directors holdings as at 2021 is seen on the extreme right. But nothing appears on the 2022 column.
But also notice that Tunde Hassan Odukaleholdings increased substantially as against zero holdings in 2021. It appears the battle for control of fbnh might still be on.

Princkez:
FBNH Q1 2022 https://doclib.ngxgroup.com/Financial_NewsDocs/36079_FBN_HOLDINGS_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_.pdf EPS 89K

Over 100% improvement from last year. But I noticed that except for Adesola Adeduntan, all other directors sold all of their shares between December and March.

yMcy56:
The Elephant is moving in the right direction from my layman's understanding. Standing back on one's feet takes time......
..but the Dividend could have at least be more than last year's own. It's not encouraging.

The way they were packing it, one would have thought there'll be special Dividend self.......would have been better if they'd released the result earlier too.

It's well. We wait for the Corporate announcement.

Yes, we pray they the give a special dividend wen their corporate announcement is out. But the result shows they are close to catching up with gtco and zenith.

Heishere:
FBNH result. 35kobo dividend

https://doclib.ngxgroup.com/Financial_NewsDocs/36072_FBN_HOLDINGS_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021.pdf

Poor dividend but excellent performance.
Eps from 2.45 to 4.17
Profit after tax from 89.7billion to 151billion.
The elephant could well be back again but lets look deeply into the result before concluding.

I think the rates were raised to curtail excess cash in circulation during this period of party primaries and other matters relating to the elections. I believe there will be a reversal afterwards.

OBAGADAFFI:
Has WEMA bank done their Share reconstruction?

Since

yMcy56:
AIRTEL
Sighted @1,600!!
.....but no bulk 100k to move the price yet......

MRS: 14.95.....Up with +1.35......

FCMB, GTCO?

I think they need to change this bulk 100k rule. Haba. So Airtel need single N160,000,000 deal to move whereas some non performing insurance stocks will move with only N200k deal. Not fair at all

This is a better picture of transcorp hotel shareholding structure. Mind you it just returned to profitability.

OBAGADAFFI:
Wow, I will like to know the % Transcorp has in the Hotel.

Let me do a digging up of Transcorp Hotel share holding.

Transcop Hotel used to be Nicon Hilton hotel until it was privatised. Transcorp took majority shares while the federal government retained some with other investors on NSE holding just about half a billion shares. Find below the share structure of transcorp holding:

Fuckyoumod:
When have they released a criminal on bail in Nigeria with 24 hours? This is Nigeria, our laws only exist on papers. You are here quoting laws, go and commit and expect to be bailed with 24 hours.

A presidential candidate should atleast obey the law, if nothing but in this period of electioneering campaign. This is when politicians act good. If this is his good act, then wahala dey