₦airaland Forum

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

119mba:
Please any idea how much the New Investors negotiated or paid for the Acquisition? Kindly share if you know.

Not sure, but I will check.

klas:
Please I need clarification.

Somebody bought the shares at N16 per share when it is trading at N10 per share?

It was NEGOTIATED CROSS DEAL.

Mr. Market doesn't have a say here, no order matching need.

Purely between Seller and Buyer.

Royal Exchange General Insurance Company (“REGIC”) is pleased to announce the acquisition of a minority stake in the company by AfricInvest, a leading Pan-African asset management company. The investment was made through its evergreen private equity fund, FIVE, in the form of a subscription to a capital increase.

https://doclib.ngxgroup.com/Financial_NewsDocs/34241_ROYAL_EXCHANGE_PLC%20PRESS_RELEASE_%20_ACQUISITION_OF_SHA.pdf

locodemy:
-Illiquid stock.

-No volume supplier

-No 100k block units to change the price.

-Keep on appearing stagnant day by day.

-Full bid without price change

-Tomorrow, it will be on full bid and close at previous price.

-You can move it bro.......

talk2me2:
Good evening House, it's been a while. How are you fearing?

Talking about UPL though I am not their shareholder, for about a month now I have been observing the price movement and I am suspecting that it is being manipulated. How can a stock be on full bid with about 1 million shares bid at 10% above the previous closing price, and the stock still close 10% lower than the previous closing price without filling those bids that are at 10% higher than the opening price that remained there until the market closing time? Or is there a new rule on ngx that permit such that I don't know about?

The picture is getting clear, I suspect manipulation going on.
Thank you

What is happening in UPL it has been on full-bid for a while

megamart247:
You forget to add UBA

Yes

Chams don't want to come to my bus-stop

SweetVibe:
I have a question for those of you who check financial report and quaterly results of companies before making stock decisons
"What if those financial reports were all cooked up or manipulated by the campany"?
yMcy56
locodemy
megawealth01
OBAGADAFFI

If the financial report is cooked Mr. Market will punish them.

Transcorp, Oando, Cadbury e.t.c have received their punishments for cooking books.

megawealth01:
See danger

IF na LOCO it is not a danger.

He is Pro here

What is happening in UPL

chloride6:
Nothing wrong with it...

I am not saying it is wrong,

Just trying to figure out the reasons for it.

Probably a MOAT strategy.

emmasoft:
There is no big deal it's normal once a company meet the listing requirements it can be listed even if it's a subsidiary of another company and particularly if the management can see some advantages available to them if such action is taken.
the likes of UACN and CAP, AG Leventis and Beta Glass though AG Leventis already delisted few years back

Thanks

emmanuelewumi:
If Champion Brewery is a subsidiary of Nigeria Brewery, why is champion brewery listed separately

So Champion is a subsidiary of NB?
Wow.

It's like creating a competitor for yourself.

Guys if NNFM is a subsidiary of FMN, why is NNFM listed separately?

yMcy56:
Ok thks.
Its possible.......they might have learnt from past experience OR the particular Coy did the right thing by informing and carrying brokers along in each stage of the process OR the broker is on top of her game.

After SEC approval, Registrars send information to the CSCS .

CSCS is the backend for all the Brokers.

yMcy56:
It will sail thru.......since the trading portfolio still carries old quantities.........in my opinion.
Some Nsempas did similar trade sometimes ago in one insurance stock that gave bonus issue.......can't remember which one now.
You may be right anyway.........but remember, we sometimes call our broker's attention to any bonus added to our CSCS,for them to update our trading portfolio.

Maybe it depends on the broker's portal.

I remember certain trade wasn't executed until my Brocker told me the Quantity on the CSCS is lower than my Portfolio quantity.

I can only trade what I have on CSCS.

yMcy56:
Mansard
If your broker is yet to adjust your portfolio with the right re-constructed quantities, don't go and do magomago by selling ooo......You'll still vomit it.

Don't do Charles Chaplin for NSE or your broker.....your name, quantity purchased and date dey on record.
Just be calm and give it enough time. Mansard should come around.

BTW, it seems everyone on this thread is now on holiday.
It's well.

The trade won't be executed, since the adjustment has been done at CSCS.