₦airaland Forum

Dupeodus:
AIICO truly does not need the additional capital from the proposed rights issue. The latest unaudited fs for end of 2019 shows that they have the required N18 billion paid up capital as defined. However, most of those capital is in the life business. AIICO has a need to increase the capital for it's general insurance business to enable them to carry the risks of their generated non life business which they have been forced to re-insure over the years because of low capital. I speculate that is the need for the rights issue. I also speculate that they will help shareholders out to find the rights issue by doing a significant dividends this year. In effect, they are re-allocating capital from the life business to the non-life business and for those that re-invest the dividends in the rights issue, it will be like receiving bonus shares, save for the withholding tax.

onegentleguy:
Go and read thru the NTS from its recent FP.
...pls take ur time to thoroughly digest through the the lines therein, and yee shall find a few good reasons to 'embrace' AIICO !!

NOTE: Still NOT a recommendation.

onegentleguy:
If I were an investor, I will ACCUMULATE the likes of ZENITH, FCMB, FBNH, FIDELITY, UBA, ETI, UACN and DANGOTE SUGAR @ their current mkt price like there is no tomorrow !!

The coys I also mentioned ealier are also WORTHY of consideration, particularly LARFAGE WAPCO, CAVERTON and AIICO.
AIICO' last financial print, especially some lines in its NTS is saying something to the discerning minds.

If u know, u know !!

onegentleguy:
Indeed so much to read from !!
...great contributions from all, but I sense that a few persons may become so engrossed with too many extrapolations and end up missing out on some clear opportunities.
There is a need to alienate FEAR from RISK and avoid timing the market. ...else u miss out on REWARD.

Regards

ndidigood:
ur comment yesterday made me dee relieved
I HV to check ur moniker

locodemy:
It changed the whole system.Now positive outlook as more companies are releasing results.

Cp and charts got it wrong yesterday.

rebekah2011:
where is Afriland Properties Plc listed ?

RabbiDoracle:
OK o. Try put hand with them and buy.

Marlianvestor:
Ok o!

Smart monies wouldn't see it that way o....

mendes911:
But stocks will rally once devaluation is done though.... Those $$$ will quickly find their way back.

Just my opinion though.

emmanuelewumi:
Can you explain this?

pluto09:
We have discussed the issue sometimes a go...

NSE doesn't follow oil on a day by day or week by week movement...

The correlation of oil with NSE is on the long time direction of oil...
If oil price is bearish for a long time expect naira devaluation and you are better off not to be in NSE at the point of devaluation.....

RabbiDoracle:
Stop posting ke. I am still posting o.

Na exits or entry I will stop posting. Just dey look the market. At least most of us are not paid for what we do.

BAMOFIN1:
In the days before internet stockbrokers that know somebody that knows a secretary or one worker or another at the NSE used to give profitable tips about yet to be released results to their favoured clients. My recent research of price movement of some companies that recently released their unaudited results shows that some moneybags still have access to this type of information and they profit from it. Consider the sudden price increase of nahco starting three days before the release of its result and same scenario in ucap today. My question here is what is the current means by which companies release their result? Is it by direct upload to NSE corporate disclosure site which means we all see it at the same time or is it first delivered to some junior staff in the NSE office who possibly has no money to buy shares with the info he has? Second question is will it amount to insider trading if somebody with money (who does not work with NSE) actively goes in search of such guy for partnership since some insider trading is lawful?

Intendy:
Stock with new 52 week lows

Eterna oil #2.10k

Stock with new 52 week highs

Law union #1.20k

Intendy:
Stocks with new 52 week lows

International breweries #8.70k

Eterna oil #2.35k

Bua #35.00k

Daar #0.33k

Skyway aviation #3.74k

Stock with new 52 week highs

Law Union and rock #1.01k

Lion123:
Of all the FUGAZ banks, only Zee is in the red. The juju following that stock no be here

jamace:
Who else is seeing what is happening in Union Bank?

tsdarkside:
haha....this is hilarious somehow....
look at the christians....kiikii....they cant imagine that anybody would renounce christianity....

chai....

bigjay01:
Agba, my pastor dey for this forum ooo
make dem no excommunicate me from my church oo

locodemy:
Oga oba,you are old in this business nah.
No stock survives general market bearishness.
Selling high and buying low is the best in this market.We sold cos we saw another opportunity to buy back Wapco at a cheaper price.

Expect us to join back soon.This wapco must make us rich at due time.

17.50 minus14.50=3.00 .........I can't loose #3 just like that when I know I can buy back at 14.50.

PETERiCHY:
The FORTUNATE ones that heed our CLARION CALL 2weeks ago are comfortably sitting on 14% profit now.

We will continue to SHAKE OUT excess LUGGAGES so that our FLIGHT will be LIGHTER and SMOOTHER for the LIFE TRANSFORMING Journey AHEAD.

FORTUNE favors the BRAVE!

*ThE OcToPuS*

Mcy56:
Julius Berger riding on good result......