₦airaland Forum

Streetinvestor2:
The money market fund I am asking is the one that runs on daily like savings account which he can make withdrawal anytime or add to it.I see it on my gtbank app.i want to know if access bank has something like it

He is equally going to do 364 TB.He is in lag.i told him to go to any fbn tomorrow for it.

222Martins:
When stocks are on full bid or full offer, it is advisable you exercise caution.............Someone here once asked: How it is possible for a stock to go from FULL OFFER to FULL BID in a twinkle of an eye. Well, i did a little experiment on a stock just now and some people rushed in.........What did i do?

I launched up about 30 different Bids on a stock at various quantities ranging from 250,000 to 500,000 units on a stock that have been promoted here. This made the BID QUANTITY to be more than 15 times the OFFER QUANTITY with a price range just a bit below the best offer price.

Guess what happened: People started fighting to outbid me ,; while i was strategically outbidding them in bits without actually buying anything. In the frenzy, they ended up grabbing the nearest offer prices and pushing the price way above the opening price of today.

I then proceeded to cancel all my bids and the BID Quantity to OFFER Quantity ratio went from 15:1 in split seconds to 2:1.

I believe this is how the big dogs create artificial demand and supply for fools to either rush in or jump out. So please, trade with caution, buy with reason and do your own due diligence..... A word is enough for the wise.

Thank You

megawealth01:
Oga PETERICHY... This is how laughed me to scorn when there was serious drop in price for mtn

yMcy56:
- No diñe with Jegede, no diñe with Jegede, Jegede left 20k go settle above 1
-No diñe with Jegede, no diñe with Jegede, Jegede left circa 1 go settle above N2.....
- Shey the one wey dey massive loss na im come good to dine with?
- We go all dey alright las las.

megawealth01:
Let's go there

Niyijac:
If a company offers 4 for every 5 shares as dividends and the client exits after qualification date. Will the client still get the dividends?

ositadima1:
Cletus Madubugwu Ibeto is a multifaceted figure – a successful businessman, a resourceful entrepreneur, and a dedicated humanitarian. Founded and chaired by him, the Ibeto Group stands as a testament to his diverse ambitions, encompassing a wide range of sectors. A native of Nnewi and a graduate of the University of Nigeria, Ibeto embodies the entrepreneurial spirit and academic excellence that characterize the region.

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/39943_OANDO_PLC-OANDO_PLC_CORPORATE_ACTIONS_DECEMBER_2023.pdf

Kreos44:
I don't think so. I think they are paying 17.42 on the 28th of December and a possible further payout before the end of the 1st quarter 2024

onegentleguy:
Update on GSK;

Apparently, there'll be no immediate top-up on the initially proposed cash distribution of N17.42. (shareholders could not hold their ground on this one)

However, the BoDs will approve a final payment from asset sale, projected to be in the region of N4 Billion (>/= N4B)
My estimate on this is a Naira equivalent of btw N4.6--6.20 per share distribution to shareholders.

There's also the not-so-clear part about some form of allotment to shareholders in proportion to one's equity holding as derived from the creation of the equivalent of the company's distribution reserve through a share reorganization exercise amounting to N2,000,000,000 in FV. (200,000 units of 50k each @ N100,000 p/s. (one needs to get the document that further expanciates on this part)
Sharing to shareholder's will be executed by it's trustee, FBNQuest.

The 1st cash distribution of N17.42 is expected to be paid no later than Dec 28, 2023.
...still a HOLD for us!

It is well

yMcy56:
NNFM is pure insider manipulations...
The last dividend paid was 0.35k, so what makes it to be trading at par with FMN if not manipulations?

It's even trading above FMN intra-day as at now self! N35+

* This is just one of the luck and wonders of NSE, just like TRANSCO HOTELS, nothing that FFMN is doing differently.

Streetinvestor2:
Yes I know and other companies not into flour.At a time I was hoping to sell my nnfm at #18 .Then someone here projected it to reach #40.I said it won't happen when the giant has been dancing within 30/32.Then I checked results and flour had alot loss from dollar revaluation. Then NNFM hit 20 then 30.I use to get emotional attached with giants in an industry but I am really reviewing that habit Hence I will be rebalancing my portfolio once in a while with no emotions, lol.My new targets next year no matter the stocks in my portfolio. I should not get less than 20% returns on my portfolio yearly That is dividend plus stock appreciation

chimex38:
He probably knows...
Hence he said "Nobi to get subsidiary full everywhere..........."

But i think NNFM is significantly autonomous in its Operations from parent company..
Also Location, cost of labour and demand affects returns in the long run...NNFM seem more strategically located than Floor Mills..
I am even assuming NNFM even earn cheap foreign exchange indirectly through our porous borders than Floor Mills..

Streetinvestor2:
Some of this big name for an industry they annoying How can nnfm way I buy for #9 come jam the big for nothing flour mill at #30 plus come still over take join.I don vex sell the yeye flour mill to move my fund to alhaji. Nobi to get subsidiary full everywhere after the group result go be rubbish

yMcy56:
MECURE is pure insider manipulations....
Correction will still take place by the time it goes round.....

Meanwhile, there's quite a lot of accumulations and cross deals in TRANSCORP, closed @6.83
Also, from tomorrow, Neimeth should be good for pick.for bargainers......some guys were rushing it last week and it went above 2.40, could be that there's some news who knows...

Locotrader:
Mecure can't be rising and Neimeth remains stagnant.

Same with Fidelity rising without Fcmb following up.
Stocks and sectors where they belong goes hand in hand

ProphetUtuocha:
Thrash! Rather than being a negative, it's inadvertently positive to Oando shareholders. Being close to the government in power is afterall a plus for us!

phadriz:
Below thread is exposed information on Oando:

https://x.com/jacksonpbn/status/1725482936261054629?s=20[/quote]Be carefull with information from Jackson Ude

yMcy56:
It wasn't available since day one that it was listed

megawealth01:
For those that will take my advice in trading... Once a stock reaches 10% just forget it... Don't buy especially if it's gambles... Always buy it before the rally by so doing you won't be trapped

emmanuelewumi:
We are getting close to 18% for long dated bonds

megawealth01:
TRUE... I bought them from NASD...

I think they will list on NGX soon

Yoast:
@Mcy and other experts in the house, if someone has a particular stock with 2 different stock broking firm, do you need to fill E-dividend forms with the 2 stock broking firm to get your full dividends for the total quantity of shares or can filling with just one of the stock broking firm serve

yMcy56:
MECURE
MECURE Industries listed on the "Growth" section of the NGX.
Listing price: N2.96k

emmanuelewumi:
Sugar per capita consumption in the north is the highest in the country, the products are also taken to neighbouring countries like Niger, Mali etc through the North

yMcy56:
How much did Courtville eventually pay?
The initial buyout price was 0.48k.........and the suspension price was 0.60k.
Reason I asked.