₦airaland Forum

Tomorrow Access interim dividend payment. Wapco why you no want come down with the rest. You know you've got all my interim dividends.

Agbalowomeri:
Is this a cooked result Lol

Its the normal result naa. Even GTB gave such notice.

OakPearl:
The money bags behind GTB all these years have pitched tent with Access. _{Quote me}

Adonbelievit unless they take it to 40 lol.
Disclaimer: I have a few units

Agbalowomeri:
Una happy independence in advance o

You don already start your own holiday. I know say you extend your weekend to Tuesday.

hisexcellency34:
Oando wins case against SEC

I said it then, there is no way SEC will succeed where they failed to give fair hearing to Oando to explain their side of the story.

But note that its not yet over for oando. If anything, this might just be the beginning. SEC still has the power to revisit that audit report, and this time, give Oando an opportunity to explain all the wrongs.

onegentleguy:
There has been a reoccurance of mergers/aquisation or takeover/buyout and follow-up delisting of some quoted companies on the NSE bourse.
Over the yrs, the likes of NBC, BAGCO, IHS, CAPPA & D'ALBERTO, OASIS INSURANCE, CRUSADER INSURANCE, 7-UP, ASHAKA CEMENT, AVON CROWN CAPS, DIAMOND BANK, NEWREST ASL, DANGOTE FLOUR, CONTINENTAL RE, 1ST ALUMINIUM and most recently AG LEVENTIS to mention just a few, have either undergone a merger, aquisation or takeover/buyout. ...with the last 6 all brokered in less than a year !!
However, I think we might see a few more in the not-so-distant future.

Given the current position of their financial print(balance sheet position in view) in relation to their present equity prices, the following coys could be future candidates for a merger, aquisation or take over/buy out:

NEIMETH PHARMACEUTICALS, CHAMS, FO, GLAXOSMITHKLINE NIG, COURTVILLE, TRANEX(trans-nationwide express), UNIONDAC and BERGER PAINTS PLC.

Why?

1st off, is to ascertain if there are doubts surrounding the survival of these companies, so one doesn't lose their money taking(early) positions in them. And next, is to look in on their current earnings capacity, then gauge its relative sustainability over time.

On that line, keeping a tag on their OHLSONS O-SCORE(a key financial tool used to forecast if a company could go bankrupt), I see them remaining as a going concern. ...which makes them attractive candidates for 'external forces'(investors) who could bid to take them on at a cheap and turn them around.

...and using the EPP(earnings persistence approach: a valuation technique used to predict how often the earnings return of a coy will likely continue to reoccur over time after raking-off risk), I see a higher probability that any take over/buy out(should they occur) will be priced @ great premiums to their current market prices.
With some, at potential premiums of near 105% ROI !!

I particularly like the 1st 5.

On a side note, a few coys in the financial services sector, particularly the INSURANCE segment 'could also be up for grabs'... so watch that space !!

CAVEAT: This piece is only intended to look at quoted coys with chances of a merger, aquisation or takeover/buy out.
...it is NO licence to any sought of recommendation !!

My advise: Always do well to follow ur instinct.

For me, the only junk stock(aka carcass) I want to invest more money in, is transcorp. Something tells me they will soon be in the news. For good or bad. If for bad, then its positive bad.

locodemy:
Cp stock will do better than this.Over 200% is awaiting investors from the time Cp sighted it.I am a beneficiary in both.

Dangsugar cannot do 200% before WAPCO

DOLLARTEX:
did you factor border closure?the impact might be massive.

On WAPCO? No way. They are coming from a loss from q3 last year. Having cleared a huge chunk of their loan, you can expect less expenditure on loan servicing.

Calebbold:
Wapco would likely be the stock of the year in terms of % price increase.... already doing 33% with the current price.

I just hope Q3 doesn't disappoint.

No way on earth that q3 will disappoint. Final year result will be magical.

DeRuggedProf:
Oga PETERiCHY, MEME refused to attach?

Meme she yav finish.

Mcy56:
Lol. People didn't see it coming. Guess it's a strategy to compensate the shell holders who were stuck to it, since only God knows when. They lose money re if they sell it at currentprice, some might have bought at higher price

Some said its the essence of bringing down the minimum value of shares on NSE to 20kobo. To ease takeovers and acquisition

Mcy56:
Ag leventis shell holders just dey vex.
They be like: You cannot come and go and be reaping the reward of our labour at the point of de.mi.se of our shells. Una go queue tire.

This my classmate have join us in looking for scrap metal. That A.G Leventis took everyone unaware. Now everybody dey queue for free cash.

Mcy56:
These 500k and 800k gang on UACN bid table should move the price up na, abi they're waiting for the first person to bell the cat ni? Their rep here should plz wake them up na.

UACN don try for until now. Make una port to fbnh with the loot, lets start another bull.

Valueinvestor:
Cant uba just take a cue from access bank

UBA and FBNH. Mtcheee them just dey fall hand

Access. Na who dey clear de thing like this?

currentprice:
EKUU quiet time o

Lol.... see as pple just gentle cos of this little pullback

it normal na

Why is WAPCO not part of the pull back. Nse need to change the rule. Everybody must join pull back, so that pple will balance their portfolio now that salary is landing.

mendes911:
MSCI that will soon start selling.

I don't know if profit is still there motive in the market.

In the midst of all this reversal and pull backs, fbnh still moves up. No regrets at all.

PETERiCHY:
oil too is likely to catch a bid after the WSJ reported that it may take "up to eight month", rather than 10 weeks company executives had previously promised, to fully restore operations at Aramco damaged Abqaiq facility, suggesting the crude oil shortfall will last far longer than originally expected.

https://www.zerohedge.com/commodities/oil-set-spike-after-report-saudi-repairs-abqaiq-may-take-eight-months

BARGAIN HUNTERS TAKE NOTE!

Let them take their time to fix it well. We are not in a hurry.

Mcy56:
Chai! O & O don show the guy shege.
I'm happy he's still okay and doing well after-all.

Yes oh. We are happy for him. He survived at the very end.

Mcy56:
Hhmmm, those names you mentioned only points to one thing...... you're an old timer.
Been trying to decode you but seems not to get it. What's your previous moniker?

Na The guy wey buy 2% of oando in those days. Uchenson2

NSE funny oh. See uba that did not rise with others, dey follow them do reversal. Chai Anyway e be like say uba dey wait make I enter. Not to worry.

PETERiCHY:
Enyimba FBHN cruised from N4:40 last 2weeks to N5:80 now and someone is comparing it with limping UBA.

Once q3 comes out, it may just overtake uba

onegentleguy:
Not much is known about the acquired coy(ADSWITCH NIG PLC) except for the fact its a company that manufactures and markets industrial and consumer switchgears.
The company was however delisted from the exchange sometime in May, 2016.
Prior to then, the company was a struggling one.

As for the acquirer firm (CUTIX), the recent script issue brought about some dilution that pilled up pressure on profitability.(EM and ROE in view)
...and this proposal will likely add to that pressure(more dilution in view)
Given citix' most recent financial print, it looks like a plus that will help broaden their bottom line. ...however, impact on top line will depend on what plans management have in place.

On paper, it looks like a good deal.
However, i'll prefer to be cautiously optimistic.

Bottom line: There are better deals to permute from market.

ADSWITCH NIG PLC Chai, that is my type of stock oh. Carcass that gives money. Its unfortunate that this company is not listed. Somebody should help petition SEC. This is man's inhumanity to man.

swilo:
If only Transcorp was a bank...

Transcorp will surely move. Even wapco has moved above 15, why not transcorp. All my stocks are on the upward movement.

Mcy56:
Why is FCMB and fidelity yet to join the train?

Wetin concern me. I just joined fcmb with proceeds of my dangflour sale. If fcmb no move, nothing go move again. To me, its the cheapest available flight

pluto09:
If gtb should close above N30 today.....then I will join you in saying the bull has arrived

Gtb 30.30 right now. Lets see how it closes.

pluto09:
I beg ,when is the qualification date for access interim dividend

qualification date 23rd September, payment date 3rd October

I just reduced (drastically) my holdings in Dangflour to join the movement. Make I no dey for 10% come miss 100% lol.

sellydion:
Access is the golden stock for now.

post amalgamation things.

Access don't need any advertisement. Person wey no join na him own wahala

735i:
Any idea what's happening in GTBank?

70 million units crossed at N28.5

Agba, you done enter markeet?

No be Agba. Him this dey expire November, na dat time he go enter.

currentprice:
OandO could have been more attractive to take risk on if it selling seriously below it fairprice but as it is fairprice is N3.50 based on Q2 and thatz if we really trust the numbers WALE release o

;

Oando? You think Pandora has a fair price? Well its one of those stocks that would herald the real bull. That oando has not moved so far is the reason why I have restrained from cashing my dangflour for other stocks.