₦airaland Forum

Odidigboigbo:
Maybe you don't know how court works. So you want police to release someone that has been brought to court without the court ruling to that effect? It's only the court that will determines his release not any other person.

I know very very well more than you may imagine. The courts had since granted him bail. Wike had to charge him again to ensure he does not regain freedom.https://punchng.com/just-in-court-grants-bail-to-embattled-rivers-pdp-gov-aspirant-dagogo/?amp

Odidigboigbo:
Please you need to read the law by yourself. The 24 hours you are quoting is applicable to police arresting someone without charging him to court. Abba Kyari has been in detection based on court rulings. He has not been convicted yet. The same is applicable to Nnamdi Kanu.

Do you know this man has already been granted bail? They had to charge him before another court in order to keep him in detention ILLEGALLY.

Odidigboigbo:
So the High Court is illegal or you don't know the meaning of unlawful?

The High court is not holding the man. If you no know just ask.

Fuckyoumod:
what did the opponent do? Secondly, Fara is not Wike's opponent they are political ally.
The fact that Dagogo ordered his boys to invaded PDP secretariat and destroyed properties worth millions naira should be condemned.

When was he arrested. What does the law say about arrest and detention for more than 24hrs. Wike is a senior lawyer and his wife a sitting judge. He should know better, and indeed knows what is right. He is showing all the elements of a dictator. Power is transient and in the next one year it might leave him, so he better act wisely

So this is what we stand to see if Wike becomes president. Unlawful Detention of political opponents and perceived threats.
God forbid

Presco being punished for poor dividend.
Fullest bid at 180.
They gave only N6.60 despite an Eps of N19.32.
For a N200 stock. The dividend is just about 3% dividend yield almost same with transcorp at 2%.
Some of our indigenous companies are just too greedy and stingy with dividends.

OBAGADAFFI:
But it is listed separately.

Yes, but not unbundled. Transcorp still has majority stake.

OBAGADAFFI:
I don't support this idea.

Same way they unbundled Transcorp Hotel?

The transcorp hotel is not unbundled yet, if not we would have had our shares of it.

Just taking a look at transcorp result from last year. Comparing the company's subsidiaries clearly shows they Power sector is all in all. Nothing came from the Oil and gas segment(meaning that asset has fully gone to heirs holding).
I think they need to unbundle or set the power segment on its own cos even with the current OS, the power segment can do wonders.

Surprisingly, no one talked about the commencement of banking business by MTN and Airtel giving that this move would have far reaching consequences on the banking industry as well as an impact on the telecoms companies.
Publications on the exchange was made by both companies today.
https://doclib.ngxgroup.com/Financial_NewsDocs/36047_MTN_NIGERIA_COMMUNICATIONS_PLC%20MOMO_PAYMENT_SERVICE_BA.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/36043_AIRTEL_AFRICA_PLC%20NIGERIA_PSB_COMMENCEMENT_OF_OPERATIO.pdf

Meanwhile after selling its PFC to FBNH, Access bank just took majority stake in a PFA. This must be strategic and profit oriented.
https://doclib.ngxgroup.com/Financial_NewsDocs/36048_ACCESS_HOLDINGS_PLC%20ACCESS_HOLDINGS_PLC_TO_ACQUIRE_MAJ.pdf

emmanuelewumi:
But NNPC is not profitable, FGN should allow the private sector to buy the assets of ExxonMobil.

If you know nigerian politics very well, then you know that the said national interest might not necessarily be the interest of the nation.

yok:
MARKET LOOSING MOMENTUM GRADUALLY- LET US ASSUME IT IS TEMPORARY
As the market is losing some steam and with FPIs not interested in our type of climate, I am sure some fear will likely catch the parties that turn every situation to full bid.

Therefore, if you see the likes of NNFM now set free, do not be surprised. It will be a big surprise if the stock continue on full bid today, the price of that stock going over NGN13.00 will just be unreasonable.

Let us see how the market plays out.

It all depends on the reason for the spike in the price of the stock. A stock may be a perennial underachiever in terms of profitability and share appreciation but may also suddenly spike in price due to emerging developments like new investments, new discoveries, mergers/acquisition etc. In the case of NNFM, we do not know but only suspect that something is about to happen.
GSK and FBNH also fall in this category.

OBAGADAFFI:
What is really happening in NNFM?
I hope FNM is not playing some tricks on us with that company.

Then no want tell us oh. We don ask we don tire. We don give up on knowing. I sold mine on 15% profit and moved.

yMcy56:
E Ku Market ooo.

FBNH: Sighted @12.35 again......towards market close......
We don't know what could be happening behind curtains.......We are watching..

E Ku TRANSCORP o.
Small time they're rushing out, the next minute, they're rushing in......... DD. Pulled back to 1.31/1.32, moved up to 1.52.......settled @1.40...

E Ku INTBREW.......Some guys are playing games here, trying to depress the price the more but price self get strong head, e no wan depress, too many interests here should we say.....

We're watching how they're playing out the script. Lol.

I have been trying to figure out the possible impact of the Airtel share buyback and honeywell acquisition on this company but no clear ideal.
The Airtel deal could have a positive impact on PAT but that of honeywell appears to be like a loan repayment with not too much impact.
Its just not clear to me whats pushing the share price of a company that has missed by almost two months, filing of results.

So today, transcorp fell from 1.40 to 1.32. Then now returned to 1.41. Meanwhile 130million units done already. I strongly believe there is something going on somewhere that we do not know about.

samguru:
My brother/sister, the unclear signal bothers on scrip issue and heavy dividend. Still tuning my antenna for clear signal sha

Tell us oh. I did buy this but had to sell cos I knew nothing about it and morgan did not respond on that thing we discussed.
Hope you finally got cos it has been available since then and even today.

IHelp:
Nice one

Transcorp is doing wonderfully well. Thanks to my village people that made me put more funds there. I am on over 40% profit on this. .98 to1.40

GreatEko:
Many thanks for your constructive response.

Seplat's corporate governance issues are being addressed. ABC Orjiako is leaving the company this month and Austin Avuru has also exited from the Board. I expect their corporate governance to be strengthened going forward.

I agree there are still more lingering issues to be sorted out including their loanbook, acquisitions during periods of high oil prices, shares award etc. However, any good investor should be able to discount those issues and find the value inherent in this business.

Moreover, I still maintain my earlier opinion that Seplat has more experienced hands in their current leadership and wouldn't want their reputation to be ruined. Hence, they forced Avuru out. You might want to check it out.

Thank you.



NB: I don't own a single share of Seplat. I hope to buy when their corporate governance and financials are improved.

No body said seplat is a bad company. We only advised that seplat be cautious in loans and acquisitions. Too much aggressive investments in bullish period is not too good.
Remember First bank almost collapsed because one CEO(Bisi Olasanya) decided in time of high oil prices, to give out too many loans to oil companies without due diligence.
Mind you, The said CEO was an experienced hand in the field of banking. He wanted to make huge profit for the bank thus his decision to give out more loans to the oil industry. FBNH has not fully recovered from the repercussions even as we noted that only a few banks would have survived that experience.

Nigerialabalaba:
kikikikiki.
With over a trillion naira gbese, corporate governance disaster ex-MD Avuru wey codedly float anoda oil coy to bid against Seplat even while as full time MD and Chairman wey be serial debtor na experience?
Seplat na oando 2.0 wey dey disguise

Just wait. I have nothing against seplat but I think they should be cautious on the loans for acquisitions, on the back of rising debt profile.

wanaj0:
Why are you comparing sleep with death? Comparing OandO with SEPLAT? Infra dignitatem

lol. Something killed oando naa. Recall oando was once over 100. Bad management and decisions killed it.

Airtel 1,533, Okomu oil 236
Hmm. Things dey happen oh.

sellydion:
I dont think so. Oando was rather unfortunate.

It can happen to any body bro. Best not to rush. Seplat already has huge debt burden, they better be cautious and not let greed swallow them

sellydion:
SEPLAT is going to get massive. They are acquiring more production assets from a Majoy oil company.

But they need to be careful so they don't chew more than they can swallow lest they end up choking in debts like oando.

emmanuelewumi:
Banks dont accept shares as collateral, they prefer FGN bonds

What is the point in using my bond as collateral for bank loan, when I can just liquidate the bond. Bank rates are often 2× or much more than interest on the bond.

Wapco is an excellent stock, but I just looked at some recently released results and it seem to me like vitafoam and total energies equally have some incredible numbers, similar to, if not better than wapco.
What is ur opinion?

Disclosure: I have some units of Wapco and total, but sold my vitafoam earlier this year.

courage89:
I'm surprise nobody is talking about Flourmill. It looks like it's about to play catch up with Okomu and Presco, based on their palm oil plantation asset. How high can it go?

Okomu is palm oil, Flour mills is vegetable and soya oil. Palm oil is not as universally available as vegetable oil. The scarcity of palm oil is what makes presco and okomu more expensive.
Mind you UACN also does vegetable oil. We all know their Grand Oil here in nigeria

Transcorp moving well

OBAGADAFFI:
BUA cement is just like BUA Foods, where MR Chairman is holding more than 50% of the shares, creating scarcity.

BUA foods is worse, the other shares up to over 99.9% are owned by bua limited, bua industries, Rabui jr and some other persons with Rabui in their name. My question is why do they come to the stock exchange if almost the entire shares are owned by the samr family.

RabbiDoracle:
(Do your due diligence as this is my opinion)

Near term (to Long term) prices if there is a parabolic move on NSE index and stocks.

JB 100 to 120
WAPCO 150+ if not more.
Dangote cement 450 to 500
Seplat 2k5+
Nestle 3K+

Flourmill needs to spike out of control towards 200 to 300. Food crisis will get severe and man must chop


Conoil 300+
Total 600+
FO 450+
Transcorp 15+

Bua cement is about to breakout. It will be rapid. Soon people go begin drink cement.

For the Brewers, I gave possible price targets earlier. Because when economy/globe good, you drink to celebrate. But when economy/globe bad, you drink to cure stress and depression.

For Banks, I gave possible price targets as well.

With these, NSE ASI will easily do 100K and above.

(Based on TA only. Fundamentals lag Technicals)

Jesu... transcorp at 15, that is 1200% increase.
May it come through.

emmanuelewumi:
That is a growth of about 100%

lol. We are saying the same thing. Take for instance Transcorp that did 528% increase in 2021 PAT =No full bid, even following same with 147% increase in q1 2022 PAT yet we are still looking for the full bid.

emmanuelewumi:
What was the EPS for last year?

8.2cents. About half of the current year.

gbengafaro1986:
wo, this one that Tony Elemelu and all his family are buying transcorp ....i no need fundamental to tell me to queue

My brother the thing looks suspicious. I wanted to sell at 1.2 but had to hold on when I saw the mild rush.