₦airaland Forum

gbengafaro1986:
Looks like they dumping Access and Zenith as well

I hope this CBN loan isn't affecting the banks?

https://www.vanguardngr.com/2021/11/economy-rescue-funds-came-from-banks-cash-reserves-emefiele/

samguru:
WAPCO dividend on Friday oooooooo

ok mama chinyere give me two plates of pepper soup and 4 green bottles.

GTCO is seeing serious dumping.

CBN N2 Trillion loans came from cash reserves of Deposit banks.

Now, this is dangerous.

moneymanager:
Not to panic anyone OOOO but I just got a message from my sister at ogun state
Said multiple customers angry and infront of bank trying to withdraw but can't get in

Alleged stories of bank owing money and using customers funds
Again this is un-substantiated and un-verified

but trying to with draw now and unable to with app

Looking for any news on this (Maybe its just specific to the branch in ogun state)

Called peeps from other banks and staff and got news that everything is fine but wanted to mention it here

Well, let us watch what is happening.

moneymanager:
Guys any news on whats happening to GTCO (Actual bank and customers not stocks)?

I heard they hunting CRYPTO traders and closing accounts

EFCC arrest new MD of First Bank

megawealth01:
End of the week correction

Serious correction

Why is this place dry.

emmanuelewumi:
You also need to consider the outstanding shares of both companies. MTN has a little over 20 billion shares, while Airtel Africa has 2 billion shares

Interesting,

MTN has a little over 20 billion shares

It seems Airtel has more institutional investors than MTN.

yMcy56:
Seems some other positive forces are moving MTNN.........
I hope some analysts are not mis-interpreting this share repositioning...........besides, AIRTEL is giving huge gap, MTN will have to be dragging along small small.

MTN shares will be sold through a book-building process to institutional investors, and after which, a fixed price will be announced to retail investors.

There will be uncertainty on MTN shares for now.

yMcy56:
MTNN: @205 with bids far outweighing offers!!
Seems this may be heading towards 250 o.
Lol. Na my opinion.

WAPCO .....hinching up steadily.........
Pulled back some days ago.......reversed up @25.50.......now sighted @26.50.....

AIRTEL and MTNN.........both got approval in principle to operate a service bank........whatever that means must be a plus for both stocks I think....

Both stocks won't react the same way.

MTN is planning shares repositioning circa N200, while Airtel is selling @N900.

UCAP

UCAP selling higher than Access.

What happened to NNPC 2020 profit.

Too many lies.

megawealth01:
That's his business... MTN is GOLD... MY OPINION though

MTN might be GOLD, but with the recent 575 million ordinary shares offers, the price might fall in the short term.


The offer price might be below the Current Price.

ojeysky:
Crash most likely knocking the door

That's interesting

Can someone explain what is meant here.
Since MTN shares are already listed on the NSE, is there any need for this



MTN Group Limited has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.

The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

yMcy56:
Bonus script announcement is driving the share price up.....
12:9 --- 12 new bonus for every 9 shares held.

I think the price has gone a bit up now though.
https://doclib.ngxgroup.com/Financial_NewsDocs/34351_AIICO_INSURANCE_PLC%20AIICO_INSURANCE_PLC_CORPORATE_ACT.pdf

I hope they pay this time o

FBNH change registrar to Meristem

Shareholders of AIICO Insurance had, in 2019, approved the issuance of a total of 5,098,591,860 ordinary shares of 50 kobo each by way of a bonus issue to shareholders.
Unfortunately, this was rejected by the regulator, SEC, citing changes in qualification dates.
The Company has therefore proposed a fresh issue of shares of 12 for 9 on the 31 Dec 2020 FS.

Details are in the link below:
https://aiicoplc.us19.list-manage.com/track/click?u=3f07e17d21e21188aa1614f15&id=5e7565a5b1&e=d8ccdac983

samguru:
2019, 2020 bonuses are still pending and now they are declaring another bonus.

The company does not respect minority shareholders.

SEC and NSE should be blamed for not sanctioning AIICO.

samguru:
https://doclib.ngxgroup.com/Financial_NewsDocs/34351_AIICO_INSURANCE_PLC%20AIICO_INSURANCE_PLC_CORPORATE_ACT.pdf

AIICO has come again with their "ojoroo"

Only JJC in the market will fall for this action this time around.

AIICO board should STOP playing candy crush with shareholders' psychology.

What happened to the previous bonuses.

Marketapprentic:
I think we are getting closer to when ZENITH BANK will overtake GTB. They Don dey fall hand.

We have been saying this for over five years ago.

Mpeace:
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

What will REMI BABALOLA be thinking now

Mpeace:
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.

Someone drop the hint here

emmanuelewumi:
Additional shares allocations are in the pipeline

Unlike CSCS that has investments in bonds, got about 3 billion coupon from their Investments in bonds last year.

NGX was managed like civil service in the past, I hope this will end with the list of the companies. The surpluses were shared by management, council members and workers.

It was a not for profit organization in the past


NGX will get to N25 and above because of the current euphoria, after that it will crash before it will start growing.

Not surprised, one of his PA is in Jail for fraud.

Flash360:
Otedollar going for FBNH is one. Strong rumour also has it that;

They are willing to sell off a minority stake in FirstMonie.

The valuation for FirstMonie i hear is Unicorn - $1.3bn dollars.

And there is a deal on the table to take 20 percent stake.

Is FirstMonie not a 100% subsidiary of FBHN?

Why are they selling if it is making so much ?

gbengafaro1986:
its like our FBNH buyer has resume work early

At a point they will be tired.

Fundamentals(EPS) will no longer support the price.

locodemy:
My last 14 days trade.
From mansard to Royalex.
From Japaul to champion
Chams bus stop not yet close.
We move on watching like hawk.......Fidson on the rader right now.

By next week, we will try to put all our money in Transcorp hoping for the best.

Why is Chams not coming to the bus stop?

faoogoke:
NGX is moving from NASD to the NGX main board.
Datamax sent me a notification asking for my NGX stock account details.
It should be perfected very soon.
Trusting God for a serious kill on this one.

OBAGADAFFI:
https://guardian.ng/business-services/ngx-group-unveils-plans-to-list-shares-by-way-of-introduction/

I thought NGX is listed on NASD

Wow, I saw the news earlier was wondering what is happining.

Now i understand.

https://guardian.ng/business-services/ngx-group-unveils-plans-to-list-shares-by-way-of-introduction/

I thought NGX is listed on NASD