₦airaland Forum

Mcy56:
You may be right.
I don't think either......that's why I said 'insider'.
As for me anyway, any price N1 or below is okay. Those guys may be planning something, who knows.
Also,I expect anyone that purchased before markdown to average down.

Yes, average down is important.

Also

The deal involves AXA Mansard Insurance Plc giving up its entire issued ordinary share capital comprising of 60% shareholding (2,067,672,000 shares) and 40% stake held by minority shareholder, translating to 1,378,4448,000 shares.

https://nairametrics.com/2020/12/21/pencom-ratifies-sale-of-axa-mansard-pension-limited/

Mcy56:
Are you factoring-in the bonus at all?
I want to believe some insiders are already getting their bonuses, hence the sell off that halted the north movement.
I felt they will try and beat the price down thru those selling, then come back to pick again at bargain........this is just my opinion anyway.

I am not sure Bonus has been distributed yet.

I just feel investors don't want to buy above N1 before reconstruction.

Mcy56:
Here to check if anyone mentioned upside of Japaul........but I'm not disappointed, you're waiting to quickly come and announce downside .....

Anyway, JAPAULGOLD is on full bid with 22M bids vs. 0 offer.
Japaul delivered +100% already from 20k to 40k. By end of today's trading day it will be +120%....

FTNCOCOA also on full bid @81kobo, no one is willing to release any offer so far.......make Una go release 100k to move it up ooo.

One of the advantages of Penny stocks is that they can do 100% within a short time frame.

The is why we say "Mr. Market has a mind of his own".

MANSARD on red

Mcy56:
Can't a stock take break in peace again?
From 64kobo to N1.01.......
I'm sure some people's attention are on it........ that's why they're mentioning it.
Party is still on ooo....

MANSARD has no longer attractive above N1

emmanuelewumi:
I doubt if he can trade online, without updating his KYC

He can't trade without updating his KYC.

emmanuelewumi:
Based on the directives from SEC, it is obvious he has not supplied those information which will be included in his data with CSCS

Yes KYC update , they should also give him access to the online portal, instead of sending instructions via email.

fidtopade:
Kapital Care and Security

Your Broker is active and also have an Online portal for trading.

Provide the information they requested.

Also request for your login detail for the portal.

http://www.nse.com.ng/dealing-members/find-a-dealing-member/dealing-member-directory

https://www.kapitalcaretrust.com/

fidtopade:
I just asked my stock broker to sell some of my shares but he is asking me to provide under listed detail to be link with my cscs account before he can sell. Please, any view on this as this is totally strange to me.
'Kindly provide
BVN
Bank details
Mothers maiden name
State of origin
DOB


Thanks'

Your Broker should give you online portal for trading.

The your broker is analog, provide the name of your broker let's check with NSE if it is still active.

https://nairametrics.com/2020/12/21/pencom-ratifies-sale-of-axa-mansard-pension-limited/

The deal involves AXA Mansard Insurance Plc giving up its entire issued ordinary share capital comprising of 60% shareholding (2,067,672,000 shares) and 40% stake held by minority shareholder, translating to 1,378,4448,000 shares.

Heishere:
Has anybody received Axamasard bonus?

Not sure anyone has received the bonus

119mba:
But Sir I think C.I Leasing didn't change their Nominal price from 0.50k when they did reconstruction. MTN was 0.2k (not sure) Nominal value when they listed at N90. Mansard on the order hand is increasing Nominal value from 0.50k to N2, the effect of this to the price after reconstruction is what I believe @rebekah2011 is saying. 0.50k x 4 = N2. Automatically the price should be times 4.
Am still reading through this great blog sha learning through, thanks to all Ogas and Madams posts here.

Yes, the Nominal value will be times 4.

But will the market value automatically be times 4?

rebekah2011:
The price as at today is N1.01. If the reconstruction was to be effective tomorrow. The opening price will be N4.04 and the par value of the stock will be N2 from 50k and the 3,428 units will shrink to 857units. I hope this is clear Sir.

Are you implying the Market price will be automatically multiplied by four after reconstruction?

I know the nominal price will be multiplied by four, from 0.50k to N2.

Well, I hope your prediction is correct, it is good news for us all.

rebekah2011:
This is the way it is.

1,000units will give a bonus of 2,428 units at a ratio of 17 for 7. The total units will now be 3,428units when this is now reconstructed at ratio 4 to 1. the new units will now be 857units. As I have projected if this 10% madness continues till Dec 31, 2020. The price will peak around N1.94 and the reconstructed price will be N7.76 at January 1, 2021.

The reconstructed price will be N7.76 on January 1, 2021, how?

Mcy56:
We'll see how it goes.........
.....but I think something is wrong with your calculations.

btw, it seems you're causing panic selling in the market oo

Well I wish the price stay below N1 till reconstruction.

Are are here for profits

Mcy56:
That would be in the course of trading but initial share price calculation after reconstruction will definitely be more than the nominal value amount.

The price will start from N2 and might go up or down.


But anything less than N4 is not profitable.

Marketapprentic:
Are sure this is current?
Why use current market price(#1) in the first part and the new nominal price(#2) in the second part?
If you want use nominal price, use nominal price and if you want to use market price use market.
So I think using nominal price:
1000x0.5==N500
the new
250x2==N500.
Can even predict what will be the market price after the reconstruction?

I could also be wrong or my maths could be wrong.

Learn to calculate your risk as an investor.

if you buy

1000 @ N1 = 1000

After reconstruction, you will have
250units @N2 nominal price =N500

To break even, the market price must be N4 and above.

Well anything can happen

Mcy56:
You only talk about the nominal value, what about the real value of share after reconstruction?
Your calculation is one-sided if I may say.

Do you know the Market can adjust the price below N2 after reconstruction?

I experienced this with C. I Leasing.

Note: I am loaded here.

megawealth01:
I don't get... Please explain

Share reconstruction. 4 to 1

If you have 1000units, you will get 250units after reconstruction.
1000/4= 250

Now,
The nominal price will be N2 instead of 0.50k

Calculate your risk.

1000 x N1(current price)= 1000

250 x N2(new price)= N500

megawealth01:
Please explain this... I loaded a lot @ below #1

Share Reconstruction form 4 to 1.


At that point the nominal price will be N2

Guys keep your eyes on FMCGs - PZ and co

AXAMANSARD

Gbenga Oyebode appointed as PZ Chairman.

He is the current chairman of CFAO Yamaha Motor Nigeria Ltd and Okomu Oil Palm plc.

PZ has been doing some house cleaning.

What is all this gra gra.

Mcy56:
Can they markdown without SEC's approval?
Anyway, it can't be up to next year cos consolidation will be done by 31st Dec. and bonus must have been distributed to shareholders before then.......so I blv.

Well, let us see how they will handle it.

Mcy56:
Added small to the one bought at 2.30 yesterday. Entered the bid at pre-market and got from that early itchy fingers @70k. Cost price brought down to 1.36.

Great

Mcy56:
Any info on when the bonus will be added?

Now that each share price has been calculated, including the bonus, I think it will make much sense once the bonus is added.

The Bonus will be approved by SEC first, maybe next year.

Mcy56:
You mean the price or did I buy?
I get tashere units o. Bought @2.30

I meant did you buy @ the current price 0.70?

Mcy56:
JAIZBank:
Full bid @62kobo........one hitchy finger came dumping the stock at 57kobo yesterday towards closing.....
There were lots of cross deals in the stock recently, we see what's brewing there.......

Mansard, FTNCocoa - full bid

Green is sighted across table and across board.....

@Mcy56

Did you finaly get Mansard?

sentoms:
I beg what's happening to Axa mansard share price , am seeing 0.70k for a stock of N2 plus . Any info

longlife20:
The share closed yesterday with N2.20.
so multiple 7 by the closing price 2.20 it will be N15.4.
for every 7 shares you get additional 17shares making 24shares.
when you divide N15.40k by the new alloted shares 24, it will give 64k.
(15.4/24=.64k) this is how they arrived at 64k. this is the first leg of the reconstruction.

Here is your answer.