₦airaland Forum

RodgersAkpafu:
How about using it as a place to buy shares for keep and dividend income ?

What's your take on that

It's not advisable.

Buying with Trove is third-party transaction, your name might not show in the company's registrars.

When you buy through a broker, you get all the benefits of a shareholder directly from the company.

sophxx:
I tested the water just two days ago with NSE using trove app but I came back with a loss. Please show me the way to profit. At least maybe the basics. The right apps to have, websites to bookmark, and people and others to follow. I'm trying to make this thing a full time job. It's too early to start incurring losses considering my mearger seed I have to start with.

I won't advise you to use TROVE to trade on NSE if you are a Nigerian and live in Nigeria.

Trove is not a broker.

It is cheaper to use a licensed broker on NSE.

Meristem, Leadcapital, Morgan, and co are brokers with good support.

yMcy56:
GTCo: 25.50!
ZENITH: 25.50!!
The meeting point.....Act 1 Scene 2.........
We see if we'll draw curtain here today to signal the end of Act 1, a tenure......... for Act 2 Scene 1 to commence.....

GTCo dividend yield just got better.

Any news about CAP/Portland cement merger?

They have fully gone online since last year.

You can even open operate their account online.

Dollarwoman:
But for others NYSE is the perfect place to be.
Lots of investors' has flew NSE to NYSE.

Lol, there is no perfect place anywhere.

Most investors here are also on NYSE.

AIRTEL @ 1050

sterlingD:
Is Wema Bank to be suspended from trading to effect this and possibly when

Wema will be suspended for reconstruction

yMcy56:
WEMA BANK
Seems like too much grammar dey worry this bank.

3. Market Maker has been appointed to repurchase reliquished shares.........

We will understand the grammar much better as time goes on........
We may likely witness some manipulations here in coming days....

https://doclib.ngxgroup.com/Financial_NewsDocs/34771_WEMA_BANK_PLC%20WEMA_BANK_PLC_%20_DEC_31,_2021_COURT%20ORDE.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34772_WEMA_BANK_PLC%20WEMA_BANK_PLC_%20_DEC_31,_2021_EXTRAORDIN.pdf

Oga @Onegentleguy happy new year sir!
More of God's protection, direction, good health and blessings for us all IJN.

RabbiDoracle:
Does it mean they want to bid the stock from seventy something kobo till N1.60?

How did I get this value?

Current share outstanding = 38.58 B
Current share price = 85 kobo
Market capitalization = N32.793 B


From 85 kobo till N1.56 will be 84% gain in the stock.

Maybe WEMA will employ a Market Maker to manipulate the price.

emmasoft:
Please note there are many factors that determine price movement of stocks at the NGX, not just availability of products alone.

Some of them like investor's or market sentiments are not tangible factors, you may not be able to measure them but they are there.

Another factor is share holding structure of a company, if a company shares are not readily available just as the case of Bua right now the price is bound to move up because it will be scarce. Bua food shares are own basically by one person at listing. Hence it's scarce.

Sometimes it's just a mere new entry factor as we can see with Bua foods investors just want to see what is up.

Also note that there are some investors who knew a company prelisting period and so they know the worth and can stake their money for it and see the listing as an opportunity to have a share of the goodies

The sector and personality behind the listed company plays a major part as well.

I can tell you today at any time a company affiliated with Dangote/Jim/Tony and the likes for example will do the same crazy movement at the point of listing.

There are some companies that was listed at the NGX in time past the market may seems not to be aware just because no positive sentiment towards it.

Another factor is past experience.
Many people made millions when Bua cement was listed so many believe same will be repeated with the Bua foods.

The list is not exhaustive.

However, don't bother, water will always take its level that is what market always do to all stocks. Very soon Mr market will put the right price tag on Bua foods when the numbers and figures (financial reports) starts to come out from the operations of the company. it's a matter of time.

"Be fearful when others are greedy. Be greedy when others are fearful"
- Warren Buffet

The only reason it's going up, is the Holding structure.

Slimdove:
Na only Bua Foods,there are other companies in NGxGroup that are also confusing on how they make the extra ordinary profit they declare in every quarters of the year. Like me I don't understand the kind of business UCAP is running that is giving them the kind of profit they declare in every quarter as if to say we don't live in the same country and know how difficult it is to run such business.

Even those ones we understand their businesses very well they never declare such profit in keeping with the Outlook of Nigeria economy.�

Haba, UCAP is an investment and portfolio management company, just like ARM, FBNQUEST and STANBIC Assets Management.
This companies make profits from stockbroking, bonds and assets management.

But I can't find any BUAFOODS products in the Market .

Mpeace:
Bua foods doing great so far.
But pls make i ask, wetin den dey sell?
I stay in Imo state and i just can't place an item in the market from Bua foods.
Yet they list 18billion shares and its just doing 10% daily.
Hmmm. This NSE abi na NGXGroup wetin una no dey tell us?

That's what I don't understand.

Their products are not available in the market here in Lagos. Yet the price is going up.

FMN got better market than BUA.

It's better to loads more FMN.

yMcy56:
I think at this junction (53+), it's better to wait for pullback in BUAFOODS.

It may likely take the form of BUACEMENT when it was listed too.........

Na to keep eye on it when it pulled back and they're about to move it again.
This is just my opinion.

In the past, one Oga would have come with some info and analysis on it, with gurus brainstorming on it, but now, na we amateurs dey post.

BUA is expensive compared to FMN.

I feel OLAM might also be listed this year.

yMcy56:
Oga I didn't see any red o.

BUAFOODS: Full bid @53.20.......Up with N4.80..
Up with N13.20 withing 3 days of listing......money speaks...

NGXGROUP: Touched N21 as at now.........

GTCO and ZENITH: Getting close.........Zee still respecting the boss.......(.0.40k difference so far)

How far this can continue, we don't know yet.......
However, I think GTB may be presenting better entry opportunity if they're able to drag it down some.more from this point (25.80)

GTB is attractive, but I am not touching BUA.

The market is red.

No entry level yet.

Heishere:
Happy new year guys. I foresee bonus declaration from UCAP

Let it happen

Willie2015:
The best ETF on the NSE is the NewGold ETF..
Unfortunately, it is not diversified...
D only ETF that can fit your request is the Global X MSCI Nigeria ETF (NGE)...
And U may need to go global....

SECTOR WEIGHT (%)
Financials 46.6
Consumer Staples 23.6
Materials 21.7
Communication Services 5.7
Utilities 2.2
Real Estate 0.2

Is STANBIC IBTC ETF 30 diversified ?

Thank you

I will stop using Flutterwave and Paystack for my Broker deposits.

Their charges are high and they don't release funds to the broker after two days.

Happy New Year to you all.

I will like to know the best ETF on NSE. like VTI which is highly diversified.

TicketGreen:
Chairman Mao of China responsible for over 39million deaths.

Stalin of Russia responsible for 9 million deaths.

Adolf Hitler with the Holocaust...

Uncountable wars because of land, but religion is the biggest cause of death?

Stop ploughing people's wives you won't hear word

mickky22:
When is the best time to buy dividend shares.

How one get previous dividend records.


Thanks in anticipation.

Early January

Mpeace:
True. Regulatory approvals could take long like that of Oando or not too long like that of Access/Diamond.

With CBN guys involved, they might get approval before Q3 2022.

Mpeace:
It hasn't. They will communicate once its done. Read this.
"Completion is subject to regulatory approval and ..."

Well, let wait for the outcome.

Mpeace:
But the sale is not done yet. Its just an agreement to sell that was announced

It think it is a done deal.

Union Global Partners Ltd (64.98%), Atlas Mara (25.53%) and other shareholders divest their core holdings totalling 89.39% in Union Bank to Titan Trust Bank

yMcy56:
No where was it mentioned that UBN is delisting.......
Only sold larger percentage to Titan Trust in form of acquisition.....
The percentage sold includes that of Atlas Mara as well.
Think we still needed to know how much Titan is paying per share of UBN.

You are right about UBN might not delist.
The investors took advantage of UBN OS to mop-up everything and sell to each other.

Notice there was no major news from NSE about who is selling and buying, like we got from First Bank.




https://www.tekedia.com/in-defense-of-union-bank-on-titan-trust-acquisition-and-lessons-from-aliko-dangote/

IYGEAL:
While delisting, they counted back the period for which they'd make the final consideration (unit price at which they'd buy off investors willing to sell). Not totally a rip off per se but the expected consideration was way below the final consideration.

And I advised a few folks to buy too. Theirs ended in little losses.

Has Union Bank concluded to delist?

Seunn11:
MERRY CHRISTMAS, MY PEOPLE

Merry Christmas

emmanuelewumi:
Titan na Meffy retirement plan

I think so.

It will be interesting to see how they can work together.

veecovee:
Pls can anyone post the names of Titan Trust Bank Directors, and what could be the final out come of this acquisition?

Tunde Lemo( Chairman)- former CBN DG, former Wema bank MD.


Some Former Zenith bank guys

BabsO2:
FBNH is currently under priced. It's only relatively over priced when compared to the other massively under priced bank stocks.

There's no serious fundamentals for FBNH current price.

The price suddenly moved when OTEDOLA started buying.

DeRuggedProf:
Almost all the transgender companies on NGX are having birth issues...
You can't become a virgin after retirement from a brothel!

what?

yMcy56:
WEMA BANK
Consolidation of shares into 3:1
Looks more like reconstruction worded differently......but more clarity will surface as time goes on.....
https://doclib.ngxgroup.com/Financial_NewsDocs/34684_WEMA_BANK_PLC%20_NOTICES_OF_COURT_ORDER_MEETING_(COM)_%20.pdf

After Mansards reconstruction.

I will start avoiding companies doing reconstruction.