₦airaland Forum

nna777:
Despite the result, CHAMS is on full bid. something is going on. we are observing

From the report somebody offloaded 45 millions units.

And the 45 millions units disappeared.

Meaning an investor or someone else is increasing their stakes.

PETERiCHY:
For me and my household when it comes to the Nigeria banking sector.

1)STANDARD CHATERERED
2)CITIBANK and
3)STANBIC-IBTC financials are the most trusted others what you see you take.

Have you calculated the dividend yield?

This was a stock i bought for N15 during their board room wahala.

emmanuelewumi:
Banks that are declaring profit after tax of about N200 billion, will not find it difficult paying audit fees of N500 million.

Big Bank and Big Telcos are like kalokalo business.

The earn money per-seconds.

rebekah2011:
audit fees is not a function of your coy being a listed or not- listed. If you want to have access to cheaper funds via the investing public, you must be ready to face public scrutiny. I believe the regulations for non-financial coys are not even enough. It should be more.

Oga, most Limited company do Audit once a year, unlike Public companies.

Add that to other cost i.e AGM, Publishing of reports. e.t.c

Coolcash1:
At this rate, there will soon be no non-banking stocks again on the bourse. Like a member said, its time for NSE and SEC put on their thinking cap to deepen the market. This is not good at all for investors and country at large.

I think the cost and stress of doing business on the NSE is too high for some companies.

Just look at Audit fees alone, it very high.

I am suspecting LAW UNION AND ROCK might be desisted soon .

With Verod Capital Management Limited, 100 percent stake in the company.

thesilentone:
For the sake of our fellow readers (new/old), how should a newbie interpret this scenario:

a) The sellers are about to dump and run on them shortly- it's a trap
b) There are no sellers as the stock is 'too good' to be sold
c) Something is wrong with your broker's portal
d) None of the above

BTW: Same scenario with FBNH right now. 23M BIDs, no offers.

When a company is desisting, the core investors are going to buyout majority of the shares at an attractive price.

b) There are no sellers as the stock is 'too good' to be sold

thesilentone:
Currently has 2.3M BIDS, no offers.

Yes now.

Free money

sellydion:
Very poor results. Unimaginable

Really unimaginable

The board of directors of 11 Plc. (formerly Mobil Oil Nigeria Plc.) has approved the voluntary delisting of the oil firm from the Nigerian Stock Exchange. This followed the resolution of the company to restructure its business by expanding into the real estate sector. However, its real estate unit will be transferred to a new subsidiary; 11 Hospitality, while 11 Plc. will focus more on the downstream sector of the business.

The decision to delist will be subject to shareholders’ approval at the Annual General Meeting, scheduled for June 3 2020. The shareholders’ also have a 90-day window to decide the exit plan on offer to shareholders.

What is happening to NASCON?

https://www.fin24.com/Economy/South-Africa/breaking-south-africa-in-recession-after-shock-economic-slump-20200303


https://www.ft.com/content/dfe3d638-5d39-11ea-8033-fa40a0d65a98

Mcy56:

Wicked Analog brokers.

nna777:
Thank God for online trading ooo to monitor one's portfolio. imagine if it was in the era of analogue trading. Brokers will intentionally put their phone on voicemail, they will buy high and sell lower low for you to the point when they send you your statement, you will begin to ask God why he made you a human being . Chai!!!

My first Broker showed me she ge.

He won't sell until the stock enters full-offer and then sell, immediately the offer dry-up.

emmanuelewumi:
It appears Transcorpse is a scam, with its extraordinary 44 billion outstanding shares.

Tony's holdings has reduced, UBA Nominees is now the largest shareholder of the company.

When insiders are reducing their holdings and offloading to UBA Nominees that should tell you something

Oga, Transcorpse has always been a scam.

Willie2015:
Hello House, it is my birthday today....
May the Almighty God restore all our wasted years....
He will bless our bread and our water,
And he will take sickness and virus away from among us....

Happy Birthday

Many happy investment years.

Coolcash1:
The guy uploading results in NSE must be high on osogbo weed....

Evidence of Coronavirus

PETERiCHY:
Hope the Italian man is not in charge of our dividend money.

And you are expecting Dividend for what year?

mendes911:
Don't let Peter and the Big Smart Guy catch you oooo

I am also inside the Bus o

emmanuelewumi:
The old man retired from the board about 2 years ago, his son now represents him on the board. He is now more interested in his Elizade University at his home town.

After getting an interim dividend of almost N90 million about 5 months ago, the old man will get a final dividend of almost N300 million in April. This is different from dividends, interests, income and cash flow from other numerous companies, real estates, money market investments and businesses.

What a nice way to enjoy old age and be a source of blessing to your children and grandchildren.

Baba cannot kill himself o.

Most of these Old men are loaded on the share of Companies(Nestle,NB and co) collecting dividend in Millions yearly.

bigjay01:
Insurance what?

This na financial services company (not only insurance). Has been for quite sometime.

However, they performed worse than last year though.

Well, most Insurance companies are listed in the financial sector, insurance sub-sector.

Under what Sub-sector is Custodian listed ?

Custodian product are insurance based products.

Custodian Investment Plc. is an investment company with significant holding in companies and brands including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees and Crusader Sterling Pensions Limited all rendering best in class services in their respective spheres.

Mcy56:
Chai!!! See Oando at 2.70!
The offer is not much and i think this will return some decent profit despite its 'ill health'.

Return how?

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/29212_CUSTODIAN_INVESTMENT_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29213_CUSTODIAN_INVESTMENT_PLC_CORPORATE_ACTIONS_FEBRUARY_2020.pdf

The best Insurance company on the NSE

Baba Ade-Ojo Never disappoints.

Maybe he stole a Rolls-Royce

Marlianvestor:
Just teasing.... But sha, if another product, that is a different ball game entirely o - like leaving the stock mkt product to enter T-bills product .

I do get your point, sir! Maybe not the analogy....

Even on the NSE there other products (stocks) that will give profits.

Godisfaithful:
...Maybe Warren Buffet. I would rather buy a stock 3x lower than buy 4x higher because of dividend. That’s how to make money in a down market.

Then your are not a good trader, you might even miss your target while waiting for 3x lower.

Marlianvestor:
True... but sha make sure you close the purchasing dept of the business until price drop stabilizes so as to prevent badt mkt. Good sense of mkt dynamics and its direction, the koko even the Ibo traders know this like the back of their hands.

You don't need to close the purchasing dept.

Just look for other products that is on demand, that is what my Ibo traders always do.

Godisfaithful:
GBAM . I just pity those who keep buying when the selling has not even started. The whole world market is burning...why would I buy a stock of 4 Naira for 7 Naira because of 75Kobo dividend? Ayam not interested in NSE for now....Cash is king

Even in a burning Market, people are still investing and making money.

Some of have never left the market even during recession, because that is what businesses men do .

You don't close because business is bad.

No information yet on UBA, o o

Make una cool down

http://www.nse.com.ng/Listings-site/corporate-disclosure-site/Pages/default.aspx

At last AIICO crossed One Naira.