₦airaland Forum

emmanuelewumi:
The shares of the core Investor in under a lien because of their debt. I think Flour Mills is buy the shares of the core Investors that was placed on a lien by First Bank

So FBNH should benefit more from the transaction. Honeywell also owes fidelity bank.

samguru:
https://doclib.ngxgroup.com/Financial_NewsDocs/34604_ACCESS_BANK_PLC%20_NOTICES_OF_COURT_ORDER_MEETING_(COM).pdf

Access bank will finally become HoldCo.

I hope they use this reduce their outstanding shares. By making the total shares of the holding company less than that of the original company.

I'd really love to see FBNH result for the 3rd quarter of this year. It is not for nothing that they decided to Audit q3 this year. It is not also for nothing that Otedola and Co. rushed in.

Wapco dividend just landed. I noticed they didnt even bother to take witholding tax. Good

Princkez:
WAPCO dividend has landed ooo....sweet weekend

I never see my own oh.

yMcy56:
It's 32B + 22% interest so far ........
If it keeps mounting, then Innosun boss may become a majority shareholder here......
Once he's successful, he can start dragging the management of the bank with the current majority shareholder.......,
Think they have to reduce the worth of GTB first to be able to do this successfully, the fall in price may be one of the strategies to achieve this.

He's already assuring the customers of the bank that he'll manage the bank well, once/if he takes over......
He'll have his own cacaus as well, supporting and pushing him to go ahead.
We are in Billionaires' bank take over era. Lol.

If we observed very well, there has been increased activities in the accumulation of shares of almost all the banks share lately............even Wema, Unity, JAIZ, Sterling are not left out.......all of them....
We keep watching the drama.
** Na observation o**

On a serious note, Gtb can easily pay that judgment sum and bear the effect. A bank that declares over 200,billion in profit after tax las year should be able to pay 35billion judgment debt

Vitafoam Vitafoam Vitafoam. Where art thou goeth to

.

Calebbold:
I think you have to wait for 3 working days after selling your stock before you can withdraw... but if you want the money before that time, 1% would be deducted from the amount you are withdrawing.

Thats has been their policy for some years now.

Exactly what they said. But i dont think thats in line with SEC expectations. I believe one day clarity will be met once someone takes it up and earns some money in damages.

yMcy56:
Are you now with Morgan?
Should be within 24hrs.
Good thing is that the system will bring your available balance from which you can make your withdrawal.

I tried withdrawal now. They just informed me i have to wait for three working days or forfiet 1% of the sum if i want it now

yMcy56:
MORGAN iTRADE
* New upgrades.......
* Withdrawal button now available.......
* Currently not connecting but they said they're working on it and would be up on/before 30mins.....

* Fingers crossed.

How lond would withdrawals take. T+3 or instant?

megamart247:
Not only NGXGROUP by the time you factor in the countless naira devaluations you will discover there is no coy in NSE worth keeping for medium to long term.

.not entirely true. Some stocks have done way beyond any impact of devaluation. What is very vital in this sphere is one's entry point. For instance anyone that got into vitafoam at some months back will not agree with you. UPDC, wapco etc have also beat devaluation in recent times. Entry is key
Thats why its dangerous to generalise and say no stock on nse...

emmanuelewumi:
The guy is huge , knows when to buy, when to sell and when to diversify

He is an insider naa

As was said earlier, if you missed wapco, don't worry too much. It will soon come down for you one more time but don't miss the opportunity cos this might just be the last before the final movement.
As for me and my household, na vitafoam matter we carry for head at the moment. We expect good corporate action after a fantastic result. U am aware that the directors are heavy in the stock. We pray they don't fall hand.

Okomu oil result is the bomb. EPS of 12.16 from 5.24.
This is overwhelming

Ades1:
Keep up the good work Sist!

A post here stopped me from buying more WAPCO when it dropped considerable to around N21 in June. I had the money and I had already planned to pour it all on WAPCO because I didn't own enough but due to sentiments here I ruled out WAPCO. The decision also ruled out the recently announced N1 interim dividend and the huge appreciation. I learned something from that though, focus on the Company and its long term goals, not the short term volatility of the stock.

You don't need to worry yourself too much about wapco. Market is generally not doing well and the fantastic results may not even create serious bull. The excellent result has already been factored in by insiders. You may still get at your desired price.

With EPS of 4.78, Outstanding shares of 997m why is vitafoam still at sub 40

Willie2015:
No wonder..
D stock jumped to N220...

Too much insider info on the exchange.
I wondered why wapco kept rising for some weeks not knowing the insiders already saw what was coming. Same thing with total.

My darling wapco. What a pleasant surprise.

samguru:
@yMcy56

FBNH no dey go up again?

Abi awon Billionaires don tire ni

Its time to count school fees for people wey follow otedola dey buy fbnh. Them no know their mate. #jokes

yMcy56:
Information that Otudeko sold his shares may not be true after all.......
It was learnt that he's still retaining his shares and that his loan is performing.......

This is battle among billionaires. This is interesting!

Rumour also have it that some big govt officials are acquiring some stakes in FBNH shares....

https://www.thisdaylive.com/index.php/2021/10/24/otedola-adenuga-hassan-odukales-otudeko-in-battle-to-control-first-bank/

hmmm. Fbnh will soon be flying. with all this news more billionaires will be tempted to join.
I love the fact that their fight is not like that of Tinubu and Mangal in oando. Its a clean fight of cash.

Otedola has done the needful. He bought 1.8 billion units. FBNH has officially notified the exchange.
https://doclib.ngxgroup.com/Financial_NewsDocs/34328_FBN_HOLDINGS_PLC%20NOTIFICATION_OF_SUBSTANTIAL_SHAREHOLD.pdf

Otedola is said by the publication to own 5.03% of fbnh outstanding shares

However, new publication indicates that the current chairman of the bank owns 5.37% of the bank's outstanding shares.
https://doclib.ngxgroup.com/Financial_NewsDocs/34328_FBN_HOLDINGS_PLC%20NOTIFICATION_OF_SUBSTANTIAL_SHAREHOLD.pdf

Hmmm this one everybody dey rush fbnh, make them just come buy us off with our chinkili units

yMcy56:
.....and by the way, I don't think N30B worth of shares is enough to make him the highest shareholder yet.........
You know I mentioned yesterday that he needed to buy more.......it could be that he has attained 30B worth of shares and still counting......but the media is fast to announce that he now owns majority shares.

From what I read initially, if it's true, then hes still going to N80B or so.
All na still media news here and there.......truth will keep surfacing as time goes on.

Between, Fbnh will adopt the report once a notification is made and NSE is in turn notified.

https://www.vanguardngr.com/2021/10/how-otedola-may-have-acquired-10-stake-in-fbnh/amp/

https://www.google.com/amp/s/brandspurng.com/2021/10/22/femi-otedola-becomes-single-largest-shareholder-of-first-bank/%3famp

Its possible he is the highest shareholder. The person with the highest shares before now had just above 500million shares. Otedola should have more than 3billion shares with his 30billion naira

https://doclib.ngxgroup.com/Financial_NewsDocs/34323_FBN_HOLDINGS_PLC%20STATEMENT_FROM_FBN_HOLDINGS_PLC_ON_IN.pdf

FBNH denies otedola take over. (For now sha until notified)

Stanbic q3 result is out. EPS fell by over 50%
https://doclib.ngxgroup.com/Financial_NewsDocs/34317_STANBIC_IBTC__HOLDINGS_PLC%20_QUARTER_3_%20_FINANCIAL_STAT.pdf

https://www.nairaland.com/6815019/femi-otedola-becomes-first-bankss
So na Otedola dey do all this thing for FBNH. Hmmm appears he is done buying.

wanaj0:
Which producing field do they have and what is their production?

Please don't confuse then with Heirs Holdings

My broad the whole thing is confusing. If you go through media publications and news letters from both Heir Holdings and transcorp you will see them refer to the said oil business as a partnership between them. Even Reuters refers to it as a partnership. Transcorp also mentions it as one of its subsidiaries so its hard to agree or counter what you just said.

On a very serious note I think Elumelu is doing well with his companies. If transcorp should perform as well as they did in q2. We might see them on a serious move towards loco's price target as Ucap is currently doing.
Mind u transcorp is now into oil and gas.

Seriously expecting UCAP result by Next week, I want to know what is pushing the stock.

On a very serious note, I think the NSE has not done well in allowing all that is going on in FBNH to continue without any corporate disclosure on the appropriate platform.
If its an interested party buying, the law requires that they make disclosures

The FBNH guy came today, and he came early. Seems he observed the sit-at-home yesterday.

FBNH, when is the buyer coming out. I heard he has his time of arrival. Waiting for him today, I need to sell my small remaining units

nicerod:
Sorry sir it's an error it is 30 %

Almost impossible. Maybe you mean 3% which is very common