₦airaland Forum

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.

What happened to AIICO bonuses and reconstruction plans.

locodemy:
It will try to resist falling.
If there will be willing sellers, the price will go down.
If no willing sellers, the stock will remain illiquid for a while because buyers are not ready to buy at this current price.
Earning season is fast approaching.We will soon know the right price for Mansard.

If the price continues to fall, I will like to gamble here for 10-20% as usual.

Well, let's see how it goes.

I noticed the opening price is N3.32,

ZikkyChops:
Axa Mansard back to trading

Mr. Market is dealing with Mansard.

Dangers of reconstruction.

China don't like decentralization and privacy.

BabsO2:
Bought months before the date. If i don't see it today the registrar will have to explain to me what happened

Call the Registrar sharp sharp no time to waste.

By the way, Me and Atlas Registrar will enter one trouser very soon

BabsO2:
What is happening the Dividend for the Zenith I bought this year and filled e-dividend for never drop.

If you meet the qualification date your dividend will drop.

Zenith don't disappoint.

Market dry o

sonofElElyon:
Only public companies are listed..

Well, I was wondering

yMcy56:
That's what I saw in the prospectus.......maybe I no come read am well.
They're not re-listing in NSE again.....I supposed.

I actually read it, but can't find the re- listing part.

yMcy56:
REDSTAR
5kobo dividend proposed......
https://doclib.ngxgroup.com/Financial_NewsDocs/34109_RED_STAR_EXPRESS_PLC%202021_AGM_RESOLUTIONS_CORPORATE_AC.pdf


STUDIO PRESS
** To be delisted from NSE and re-listed as Private Limited Liability Coy.
** Pay-off to shareholders: N1.99k
https://doclib.ngxgroup.com/Financial_NewsDocs/34104_STUDIO_PRESS_(NIG)_PLC%20_NOTICES_OF_COURT_ORDER_MEETIN.pdf

Can a Private Limited Liability coy be listed?

Sharmeenator:
Guys, please help explain the message below. I got it this morning:

Please be informed that a non-trading (CERTIFICATE) account has been created for you at CSCS with the following details

CSCS PLC

I got the same massages sometime last week.

A CSCS Rep told me "It is for internal purposes at CSCS".

Biafran4life:
what is so different from the policy from 2015 and before 2015, Devaluation has been happening,the naira has never been completely floated,Some items has always been on the prohibited list,BDC was thr.The only change i see is this ban on digitalal magic, freezing of fintec account which is no big deal.Oga monetary policies is not really what is devaluing the naira.It is lack of domestic productions to match imported products and services.In the 80 s when we proudly consumed made in Nigeria goods and services is a big reminder..Then thr was a primary school we go to learn how to bike in the north.To go round the field was one Kobo.We enjoyed green shandy and brama quarana . We used shoes from Bata and leventis stores.We appreciate Nigeria fabric etc.
If you like put Prof soludo again as CBN governor,he will perform little magic.And beside we have economic professors , including him in the economic advisory body of this government.
On my own opinion this country needs some dictatorship policies to correct the economy of this country.We used it in juice and rice and it worked

Hope you remembered when CBN ordered banks to Pay FX beneficiaries in Naira?

Biafran4life:
Oga no vex if you are made the CBN governor .what magic would you have performed to turn our economy to look like that of China within your so called democracy

Go and check CBN FX policies since 2015

Dum20:
Nigerians and blame game.

Then what will you say about the finance minister or the executive or the CBN has the power to single handedly mess up the economy?

Asking for a friend

Meffy has been manipulating the FX since 2015.

His primary job is Monetary policy and he failed at it.