₦airaland Forum

emmanuelewumi:
No sentiment in business. If I have a N30 million property and you want to buy the property back at N100 million, because it used to be your father's property. Your father sold the property 30 years ago in order to finance your education

I will definitely sell the property to you at the overvalued price and use the proceeds to buy 3 similar houses elsewhere

I understand your point.

But what if that property of giving you 10million every year?

emmanuelewumi:
No matter how juicy a business is, if the price is right I will sell. FCMB must have bought AIICO pension managers at a huge premium.

The market leader is Stanbic IBTC pension as the market leader with about N3 trillion under management, majority of the players have less than N400 billion under management as at December 2019

I don't have any problem with FCMB buying.

But why will AIICO sell-off a juicy business, does it mean they are not making profit from the Pensions business?

Heishere:
FCMB just bought AIICO pensions. Which of the stocks is going rally on the news abeg?

http://www.nse.com.ng/Financial_NewsDocs/30685_FIRST_CITY_MONUMENT_BANK_PLC._CORPORATE_ACTIONS_JUNE_2020.pdf

Pension fund is one the juiciest part of insurance business.

Something most be wrong with those AIICO guys.

bender79:
if you don't know this game was ochastrated by the hausa fulani's in the apc. Gaidom was just a vehicle

Gaidon is still the Acting Chairman, while the Governor is chairman, All Progressives Congress (APC)’s caretaker committee, and extraordinary national convention.

Those are two different positions.

dharpzee:
Seems, market is reacting to the FGN Stimulus package.

Will the stimulus get to every company?

stcool:
You need patience...it will do 80k-N1.00

Oya now

onegentleguy:
And more to why NEIMETH needed to reprise a little downwards is because the combination of surrounding risk and current mkt price now leaves less room for reward in view of valuation.(MoS peg in view)
Today's closing price of N2.32 is a near 27% premium from my FVE of N1.70(using a mix of appropriate valuation model and assuming zero risk)

So fundamentally, PRICE has run ahead of REWARD and needs to come down.

On TA;
RSI had since moved above the overbought line(peg @ 70)
My check also confirmed that the 9-day EMA also moved above the mean line suggesting the possibility of a pullback.
However, MACD still supports an overall bullish posture post correction. ...so price may not drop so low. Am thinking of a drop to a range btw 1.40-1.71 before another short rise.
Other TA Ogas might wish to add to this.

Selah

S007:
Neimeth start its abracadabra again. Now full bid and no offers.
Dangerous game part 2 loading?.

It normal after Over sold.

NEIMETH is no longer going below N1

Fazobeth:
Many thanks.

Welcome

Fazobeth:
Please I need a working contact number of GTL registrars. I am yet to receive my JB dividend after they informed me that the e-mandated form submitted to them has been mandated since 2 weeks ago. I tried calling them using the numbers on their website but no luck. I also send several mails, no reply. Thanks.

234-(0)1-01-2793160
234-(0)1-01-2793161
234-(0)1-01-2793162

Chibuking81:
That's why am angry with some people who buy JB at #27, whose name are yet to enter JB book of register/shareholders. Like AIICO too, when you know that you can always get a better offer after the reggae. OK now at #18 even #17, the unit you will get will be more than that of bonus and dividend put together, and then with the current situation of covid 19 era, one knows that it will happen. Even those that entered Caverton at #2.60/#2.90 waiting for dividend of 20 kobo, where the stock has giving the Waiter from back door, #1 dividend #2.90 - #1.90 = #1

I don't think this is necessary.

If he want to collect dividend irrespective of price fluctuation, let him have it.

ukay2:
Trust only yourself. ....

That is why I choosed what to trust.

Chibuking81:
If you can still wait till next month of July, you can get most of sound fundamental stocks at their good lower price.
Stocks like
Zenith bank
UBA
Afriprudent
Ucap
Fidelity
Fcmb
Dangote cement
GTB

I only trust Zenith, GTB and DANCEM

Chibuking81:
AIICO will join 52 weeks low after their mark down, next tomorrow ( 5 share bonus ÷ 13 share = 0.38k. Then current price of 0.97 k - 0.38 = 59 kobo against their current 52 weeks low of 60 kobo)

AIICO is not making sense at all.

JAPAULIANS

52 Week High:0.33

52 Week Low:0.20

What is your profit if you buy @0.20 and sell @0.33

Don't forget to add charges.

Multiplier7:
Yes, it's my first time...I HV heard you... But how long can I wait?

Monitor the prices movement till Friday.

https://leadtraderng.com/security-overview/

Multiplier7:
Hello house, I plan buying shares today .Any idea on shares to buy, for how long can I leave it and when should I sell? Pls I need help

If this is your first time, buy stocks with higher dividends yields.
Zenith, GTB, Dangote Cement.

But wait and watch their prices come down before buying.

megawealth01:
Should I call names?

My hand no dey o

RabbiDoracle:
You don't do JIJO in a bull market. You ride a bull market. We are in a bull market.

You do JIJO is a bear market.

Tell them.

They will jump out of a stock @ N2, and re-enter the same stock @N2.50, planing to Jump out @N3

Yet they will claim to be making profits.

Japaulians your stock is on full-bid o

emmanuelewumi:
Except if his late father, had a will

Yes

Rem22:
Thanks for yesterday's response. After typing my name and surname ,it brought my details , i then try my late father's name and saw his own too . How can i claim my father's dividend. I only have his death certificate. I could not get the share certificate. Number 2,please i've downloaded the e-dividend form,what document should i take along to my bank as the registrar's address is very far from where i'm staying?

Oga if your father is late, you will need a Letter of Administration to get his shares and dividends.

Rem22:
Please,how can i claim my fathers unclaimed dividend with veritas . I search for his name in non-mandate sec form and discovered he has unclaimed shares. How do i go about this?

I will advise you open a Stockbroking account for your father with his bank account and BVN.

Then tell the Broker to help him process his unclaimed dividends into his account

Broker will charge you a token, but it is easier that way.

Coolcash1:
I hereby certify this stock as only fit for JIJO....

JIJO is even very dengerous here o

JB div just landed.

Intendy:
Stock with new 52 week lows

C & I leasing #4.35k

Ha, no high.

Hope COVID-19 second wave is not coming to the market?

Dupeodus:
The game of the AIICO majority shareholders and managers is clear. They want to seize the rest of the company from minority shareholders. The rights issue is unnecessary. They do not need the capital. However, they will divide the unsubscribed shares among themselves because many minority shareholders may not be able to pick up the rights or forced to sell a portion of what they currently have to pickup their rights. Either way, they win. After all of these, they will reflect the true state of the company in their financials. Why the regulators will allow them to get away with this is mind boggling. From the point of view of a minority holder though, AIICO is a very low risk enterprise with currently a pe ratio of about 1.7 even if you base it on 11.3 billion shares including the private placement shares. This has not factored in any growth for 2020. The rights issue will further dilute this but it takes the pe ratio to 4.25 at 2019 earnings level. Growth will reduce this ratio further. It explains why they want to corner this company.

They should just delist the company and take it private.

Mcy56:
Just referring to his calls.
Flour mill inclusive.

Okey.

Mcy56:
We give this call and that of Japaul to you.

Japaul no be Honey mate o

https://nairametrics.com/2020/06/16/analysis-aiico-insurance-and-its-confusing-capital-raising-efforts/

AIICO wahala

netotse:
Which drama, hasn't Senate confirmed the new DG already?

https://nairametrics.com/2020/06/15/sec-reacts-to-the-resignation-of-acting-dg-mary-uduk/

Yes the Senate has not confirmed the new DG, but they shouldn't pressure her to leave.

I hope we are monitoring the SEC acting D.G drama

DeRuggedProf:
Loco did. When VCV was on break and Mcy56 went to visit Peterichy, while the other guy was looking for Chams...