₦airaland Forum

The way CP is now viewing Cileasing.
2moro better don't come and tell us you have reenter.

In a release sent to the Nigerian Stock Exchange (NSE), Seplat petroleum Plc notified the exchange and the investing community that one of its non-executive directors had sold some of his shares. Companies by law are expected to notify the exchange when directors trade in the shares of a company.

The director, Macaulay Agbada Ofurhie, sold 900,000 shares at N711 per share thus netting N639 million. The shares were sold on Monday the 11th of June 2018. His current holdings now stand at 4,001,611 shares. Ofurhie is one of the billionaire investors in listed companies operating in the Nigerian oil and gas space.

Still a billionaire

Ofurhe remains a billionaire despite the sale. As at our cut off date of April 6, 2018, he was worth N3.2 billion. Using Friday’s closing share price of N754.90, Ofurhie is now worth N3.0 billion, down 6.25%. The minute difference despite the volume of shares sold is largely due to the increase in Seplat’s share price. Seplat has gone up 13.5% from our April cut off date, buoyed by the rise in global crude oil prices. Other billionaires on the Seplat board include chairman, A.B.C. Orjiako and Chief Executive Officer, Austin Avuru.

Recent share awards

Avuru and the Chief Financial Officer (CFO), Roger Brown were recently granted shares under the company’s Long Term Incentive Plan (LTIP), Avuru received 138,157 shares while Brown was awarded 55,673 shares. The two staff alongside operations director, Effiong Okon will receive a total of 2.1 million shares in 2021, subject to meeting set targets.

Macaulay Agbada Ofurhie graduated with a B.Sc. Honours in Geology from the University of Ibadan in 1971. Mr. Ofurhie spent 34 years at the Nigerian National Petroleum Corporation (NNPC). During his active service, he was Managing Director of Nigerian Petroleum Development Company (NPDC) and Nigeria Gas Company (NGC) both subsidiaries of NNPC. Prior to his retirement, he was a director at the Department of Petroleum Resources (DPR).

He has been a Non-Executive Director of Seplat Petroleum Development Company Plc since December, 2009. Seplat Petroleum Development Company Plc was incorporated on 17 June 2009 as a private limited liability company and commenced operations on 1 August 2010.

Seplat was re-registered as a public company on 3 October 2014. The Company is principally engaged in oil and gas exploration and production. Seplat is also listed on the London Stock Exchange (LSE).

Results for the first quarter ended March, 2018, show revenue increased from N14.4 billion in 2017 to N55.2 billion in 2018. The firm made a profit before tax of N17.9 billion in 2018 as against a loss of N5.6 billion in 2017. Profit after tax stood at N6.2 billion as against a N5.8 billion loss made in the corresponding period of 2017. Seplat shares closed at N754.90 on Thursday’s trading session, down 1.83%. Year-to-date the shares are up 20.55%.

https://trwstockbrokers./2018/06/17/this-billionaire-just-cashed-a-fat-cheque-is-this-an-insider-selling-warning/

PA Emma and Sir Wanajo dey work Orjiako and Coy dey chop.

This life self

WARNING! WARNING!! WARNING!!!

It's now crystal clear the above guy is just jumping from one thread to another looking for who HYPNOTIS and SCAM.

Better BEWARE I rest my case

THE possibility of yet another round of systemic failure in the banking industry, raised recently by the Nigerian Deposit Insurance Corporation, calls for quick, concerted pre-emptive action. The revelation by Umaru Ibrahim, managing director of the NDIC, that weak corporate governance and internal controls were tipping the financial sector towards crisis conflated with a similar alarm raised by the International Monetary Fund anchored on weak regulation and adverse operating conditions. With the economy falling short of growth projections, urgent, extraordinary measures should be adopted today to prevent a catastrophe.

https://punchng.com/nigeria-cant-afford-another-bank-distress/

"One day cars will run on water"
BANK PHB comes to mind

The way NSEMPA now sneak in and out of the MARKET

*ThE OcToPuS*

Mpeace:
So what is dangflour planning that has got peter jumping. Make them let us know so we can get in before the pumping starts.

In addition their 180days trading average price is #13.87. So do the calculation.

One Richest African guy is baking a DELICIOUS CAKE.
DON'T be left OUT!

*ThE OcToPuS*

One Forbe Richest African Guy is baking a very DELICIOUS CAKE.
DON'T be left OUT!

*ThE OcToPuS*

RabbiDoracle:
Exchange rate going below 360 ooo


Better don land.

When will it get to 158.

USD @#158 is like saying that GEJ will rule Nigeria again.

The WAY some of us now PROUDLY view our PORTFOLIOS

CP and his pillow gang rightnow.

locodemy:
oh.tell them its already late.This tempo will maintain till friday.u know what it means.......Jaaaaaaa.

When you jaaaaa then don't be surprise to see ZENITHBK trade @N40 this year.

NSE has reset to 6months low and already slaughtered a LOT of PIGS as SACRIFICICIAL LAMB.

HENCEFORTH we are approaching a NE W ERA. Simply keyed into some fundamentally SOUND STOCKS.

2018 remain The GAME.

*ThE OcToPuS*

locodemy:
I swear.I getam plenty.my spirit directed me to mop it as much as I can.

The way village people are following LOCO. Better kept quiet and try to break even

PETERiCHY:
To commemorate the end of RAMADAN FAST we should watch out for a "MAGICAL BULL" before middle of this month.

*ThE OcToPuS*

The MAGICAL BULL is finally HERE.
It's the beginning of a NEW ERA, so
Let's enjoy the RIDE while it last.

*ThE OcToPuS*

The way NSEMPA now view their PORTFOLIOS

To commemorate the end of RAMADAN FAST we should watch out for a "MAGICAL BULL" starting from middle of this month.

*ThE OcToPuS*

PETERiCHY:
I hope Carveton airline has not crash along with Mr. TIME? we no longer see his long epistle.

Now let's hear the BITTER TRUTH.

*Sell in MAY and GO away BEAR,.

*Month-end BEAR,

*Ramadam fast BEAR and

*Raining Season BEAR are all around the corner.

So investors so brace up, To be forewarned is to be forearmed.

*ThE OcToPuS*

LAGOS (Reuters) - Nigerian stocks slid 3.38 percent on Friday to their lowest level in more than six months as shares in consumer goods stocks and Dangote Cement suffered.

https://af.reuters.com/article/investingNews/idAFKCN1IX51C-OZABS

BARGAIN HUNTERS let's start warming up 2018 is the GAME.

Imagine buying

GTB @ #24
DANGCEMENT @#99
WAPCO @ #20
ZENITH @#15
SEPLAT @# 360
ETI @#14
OANDO @#3
FIDELITY@#1
DIAMOND @#1
FIDELITYBK@#1
TRANSCORP @#1
CILEASING@#1
CAVERTON @#1

You are free to add yours ..........

PETERiCHY:
(“Century” or the “Company”) is pleased to announce that it has entered into a binding letter agreement dated as of May 25, 2018 (the “Letter Agreement”) with a leading Nigerian-based cement company, Ibeto Cement Company Limited (“Ibeto”). The Letter Agreement outlines the proposed terms and conditions pursuant to which Century Petroleum Corp and Ibeto Cement Company Limited will effect a business combination that will result in a reverse takeover of Century Petroleum by the shareholders of Ibeto Cement Company Limited (the “Proposed Transaction”). The Letter Agreement was negotiated at arm’s length. Per the Agreement, Dr. Cletus Ibeto has acquired 70% control of Century Petroleum Corp. Effective May 24, 2018, Mandla J. Gwadiso, newly appointed Chairman and CEO of Century Petroleum Corp has stepped down and Dr. Cletus M. Ibeto has been appointed as the new Chairman of the Board effective immediately. Dr Cletus Ibeto was advised by Palewater Advisory Group Inc. on this transaction.

Ibeto Cement Company Limited, a privately held company organized/incorporated under the Nigerian laws, is one of the most dominant players in the fast-growing cement industry in Nigeria and, by extension, Africa. To increase its production and packaging capacity, the Ibeto Cement Company Limited is currently developing two cement plants in Nigeria namely: – one in Ebonyi State and one in Cross River State/Abia State. Each of the plant is a State-of-the-art 6,000 Metric Tons-per-day (TPD) plant and are sitting on an abundant deposit/reserve of quality limestones.

Ibeto Cement Company Limited is owned by the industrial Nigerian Billionaire - Dr. Cletus Madubugwu Ibeto, CON. Dr Ibeto is a world-class business leader and enterpreneur who has built successful companies/industries in Nigeria and beyond. Through Ibeto Cement Company Limited, Dr Ibeto has seriously impacted the cement market in Nigeria. This transaction will enable Ibeto Cement Company Limited to raise sufficient capital to dominate the industry in Nigeria and West African sub region as a whole.

https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html

With this development I see DANGOTE CEMENT crashing below N100 in the near future and that will SURELY give Alhaji a HEARTACHE

BARGAIN HUNTERS TAKE NOTE.

*ThE OcToPuS*

IBETO CEMENT the people's choice coming back to main stream will surely break DANGOTE CEMENT MONOPOLY and drag the share price back to N100 where it belong.

BARGAIN Hunters / FOREIGN Investors. TAKE NOTE!

*ThE OcToPuS*

PETERiCHY:
Like I said earlier the market will continue it free fall we can ONLY start seeing VALUE when the ALL SHARE INDEX hit 38000 basis point which is the next SUPPORT.

*ThE OcToPuS*

Finally it's time to break BANK.
2018 is the GAME

*ThE OcToPuS*

PETERiCHY:
Since Ramadan fast will kick off tomorrow I decide to put some of my dangflour for sale this morning @#11:90k

140kunits to be precise about 90k+units was filled the rest still pending. While the stock has traded over 2.8m units so far with #12:01k as the day high.

I wonder the GHOST TRADER that skipped my N11:90 offer and went to buy that of N12:01k.

May God deliver us from GHOST TRADERS

*ThE OcToPuS*

I made the above post during trading on 14th MAY the day I completely left the market.

So far the market has been so kind to some of us this year. All thanks to almighty GOD and loots from Diamondbk, Fcmb.Wapco. Transcorp.ETI and Dangflour.

May we never find ourself at the right place in a wrong time.

Some BARGAIN HUNTERS are sharpening their CUTLASSES to reenter market between now and friday.

*ThE OcToPuS*

GANDALF1:
Still there. Nothing has changed in the company. look at FMN and you will get the true picture.

Alot has changed. DF closed #17:81 on 10th Jan and as at last Friday it closed #8:90k. That's a whooping 50% decline.

And it will take a whooping 100% increase to get back to the Jan 10th closing price.

Imagine if you sold all your holdings in Jan by now you can double your holdings if you want.

Except for an INSIDER, one need to trade meticulously and not necessarily be in the market all year round else the person will end up losing TIME, MONEY and ENERGY.

*ThE OcToPuS*

(“Century” or the “Company”) is pleased to announce that it has entered into a binding letter agreement dated as of May 25, 2018 (the “Letter Agreement”) with a leading Nigerian-based cement company, Ibeto Cement Company Limited (“Ibeto”). The Letter Agreement outlines the proposed terms and conditions pursuant to which Century Petroleum Corp and Ibeto Cement Company Limited will effect a business combination that will result in a reverse takeover of Century Petroleum by the shareholders of Ibeto Cement Company Limited (the “Proposed Transaction”). The Letter Agreement was negotiated at arm’s length. Per the Agreement, Dr. Cletus Ibeto has acquired 70% control of Century Petroleum Corp. Effective May 24, 2018, Mandla J. Gwadiso, newly appointed Chairman and CEO of Century Petroleum Corp has stepped down and Dr. Cletus M. Ibeto has been appointed as the new Chairman of the Board effective immediately. Dr Cletus Ibeto was advised by Palewater Advisory Group Inc. on this transaction.

Ibeto Cement Company Limited, a privately held company organized/incorporated under the Nigerian laws, is one of the most dominant players in the fast-growing cement industry in Nigeria and, by extension, Africa. To increase its production and packaging capacity, the Ibeto Cement Company Limited is currently developing two cement plants in Nigeria namely: – one in Ebonyi State and one in Cross River State/Abia State. Each of the plant is a State-of-the-art 6,000 Metric Tons-per-day (TPD) plant and are sitting on an abundant deposit/reserve of quality limestones.

Ibeto Cement Company Limited is owned by the industrial Nigerian Billionaire - Dr. Cletus Madubugwu Ibeto, CON. Dr Ibeto is a world-class business leader and enterpreneur who has built successful companies/industries in Nigeria and beyond. Through Ibeto Cement Company Limited, Dr Ibeto has seriously impacted the cement market in Nigeria. This transaction will enable Ibeto Cement Company Limited to raise sufficient capital to dominate the industry in Nigeria and West African sub region as a whole.

https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html

With this development I see DANGOTE CEMENT crashing below N100 in the near future and that will SURELY give Alhaji a HEARTACHE

BARGAIN HUNTERS TAKE NOTE.

*ThE OcToPuS*

Congratsss

Cadillac15:
Waiting for it at N6

Remember some folks bought same DF @ 80kobo in 2016 so don't be caught unawares.

Diamondbk. Fidelitybk and FCMB the 3 musketeers plus Transcorp are all heading back to sub N1:00k where they came from .

"Don't say you weren't WARNED!!!

*ThE OcToPuS*

PETERiCHY:
SELL in MAY and GO AWAY
Una no gree now Mr. Market is slapping all man

*ThE OcToPuS*

Since the Bear kidnapped the much anticipated bear there's no respite till after Ramadan...

So BARGAIN HUNTERS sharpen your cutlasses. 2018 is the GAME. Only PIGS gets slaughtered.

*ThE OcToPuS*

currentprice:
chai pETER is doing damage control, you must be too heavy on this one

chai!!!

Really for a stock I comfortably sold to Ghost buyers at N11:90k and you said I took a wrong decision.

Better go appease those you left stranded in your cileasing bus

Kashif:
I jumped out of DF today with multiple fractures Apart from the 2008 shalama that has not regrown up till now, this is the biggest hit I've taken!

DF has done much worse than DBN! I am now having headache on one part of my head

Its good to think loss when thinking profit. Chai! And the technical was so great when I bought!

Alhaji NETWORTH is at stake here I see him go out of the way to RESCUE his SHIP.

"Be GREEDY when others are FEARFUL and vice versa"

*ThE OcToPuS*

Cadillac15:
Diamond Trap. Might just enter here

Dangsugar at 17.10 Tempting

DangFlour full offer. Wondering who is still buying this stock at 9.55. Interesting times

Hey don't be in a haste to jump inside a gully, After the damage control Diamondbk will still get to subN1:00.

So CHILL......

mendes911:
That will be the emergence of the grandpapa bear bear.

Without emergency of grandpapa bear how then will one make good fortune from NSE.

It's such situation that prompt wealth transfer which made us term 2018 the GAME.

Only PIGS gets slaughtered

*ThE OcToPuS*

Cadillac15:
DF on the road to N2.50k. Full offer

Rmba same DF sold for 80kobo some months ago and history have a way of repeating itself.

PETERiCHY:
ASI next support is 38K,
So let's brace up.

*ThE OcToPuS*

Like I said earlier the market will continue it free fall we can ONLY start seeing VALUE when the ALL SHARE INDEX hit 38000 basis point which is the next SUPPORT.

*ThE OcToPuS*