₦airaland Forum

yMcy56:
Na real gbelo gbebo..

FBNH performing magic..........close to 100M units in volume.........seems the moneybags are not yet tired......

BTW, pls CP, is Courtville good for pick at currentprice? Lol. That is 40/42k?

it risky now except u looking for Loco % gain jijo.

as it is now.... we are at d mecy of the mgt. they can wake up tomorrow to announce 55k as buyout follow by technical suspension

Looks like everything is back to square 1 with the banks

currentprice:
it risky now except u looking for Loco % gain jijo.

as it is now.... we are at d mecy of the mgt. they can wake up tomorrow to announce 55k as buyout follow by technical suspension

Thanks.
May not be risky though ........since management is going to buy minority shareholders out.

Worst case buy-out price is 55k (tentatively)........who knows, the mgmt may be a very generous one.

ojeysky:
Looks like everything is back to square 1 with the banks

Any time there is small green like the past week, this place is unusually bubbly. Hopefully all the noise will die down from today and market stays down. I like to see depressed prices, I want to keep accumulating until that dividend income is at N4M/year.

What is happening in UPL it has been on full-bid for a while

Ades1:


Any time there is small green like the past week, this place is unusually bubbly. Hopefully all the noise will die down from today and market stays down. I like to see depressed prices, I want to keep accumulating until that dividend income is at N4M/year.

Interesting things

OBAGADAFFI:
What is happening in UPL it has been on full-bid for a while

Good evening House, it's been a while. How are you fearing?

Talking about UPL though I am not their shareholder, for about a month now I have been observing the price movement and I am suspecting that it is being manipulated. How can a stock be on full bid with about 1 million shares bid at 10% above the previous closing price, and the stock still close 10% lower than the previous closing price without filling those bids that are at 10% higher than the opening price that remained there until the market closing time? Or is there a new rule on ngx that permit such that I don't know about?

talk2me2:
Good evening House, it's been a while. How are you fearing?

Talking about UPL though I am not their shareholder, for about a month now I have been observing the price movement and I am suspecting that it is being manipulated. How can a stock be on full bid with about 1 million shares bid at 10% above the previous closing price, and the stock still close 10% lower than the previous closing price without filling those bids that are at 10% higher than the opening price that remained there until the market closing time? Or is there a new rule on ngx that permit such that I don't know about?

Although I have not been able to monitor upl because of it's nature(seasonal stock) but I think the 1m bids you are talking about are not being filled and keep on appearing day by day because there is no adequate offers to match the bids.Remember the rule is for a stock to change in price, there must be a 100k block units to effect a change in price.
I will watch the movement of upl tomorrow.
Buying upl is not the issue but to hand over is the koko.

OBAGADAFFI:
What is happening in UPL it has been on full-bid for a while

-Illiquid stock.

-No volume supplier

-No 100k block units to change the price.

-Keep on appearing stagnant day by day.

-Full bid without price change

-Tomorrow, it will be on full bid and close at previous price.

-You can move it bro.......

locodemy:
Although I have not been able to monitor upl because of it's nature(seasonal stock) but I think the 1m bids you are talking about are not being filled and keep on appearing day by day because there is no adequate offers to match the bids.Remember the rule is for a stock to change in price, there must be a 100k block units to effect a change in price.
I will watch the movement of upl tomorrow.
Buying upl is not the issue but to hand over is the koko.

Oga my point is: NSE rule is that, if the price must move the highest bidder have to be filled first before the lowest bider. If they are crossing to themselves no matter the volume they should leave the stock price the way it is. The question is how do they move the price about 10% lower than the previous day's closing price with just 100k shares, without first filling those about 1million shares bid at 10% above the previous day's closing price?

+5% yesterday. nice to see more

IYGEAL:
Meanwhile, Universal Insurance is still closing at 20k while quietly doing over 21 million worth of transactions.

I'm well positioned, waiting for whatever this is. An interesting gamble.



https://www.youtube.com/watch?v=7hx4gdlfamo

locodemy:
-Illiquid stock.

-No volume supplier

-No 100k block units to change the price.

-Keep on appearing stagnant day by day.

-Full bid without price change

-Tomorrow, it will be on full bid and close at previous price.

-You can move it bro.......

talk2me2:
Good evening House, it's been a while. How are you fearing?

Talking about UPL though I am not their shareholder, for about a month now I have been observing the price movement and I am suspecting that it is being manipulated. How can a stock be on full bid with about 1 million shares bid at 10% above the previous closing price, and the stock still close 10% lower than the previous closing price without filling those bids that are at 10% higher than the opening price that remained there until the market closing time? Or is there a new rule on ngx that permit such that I don't know about?

The picture is getting clear, I suspect manipulation going on.
Thank you

Royal Exchange General Insurance Company (“REGIC”) is pleased to announce the acquisition of a minority stake in the company by AfricInvest, a leading Pan-African asset management company. The investment was made through its evergreen private equity fund, FIVE, in the form of a subscription to a capital increase.

https://doclib.ngxgroup.com/Financial_NewsDocs/34241_ROYAL_EXCHANGE_PLC%20PRESS_RELEASE_%20_ACQUISITION_OF_SHA.pdf

OBAGADAFFI:
The picture is getting clear, I suspect manipulation going on.
Thank you

How is it manipulation though? if you offer 100k units for instance, it will close at 10% higher today

The next and biggest attention might shift to UBA... DD as always

ojeysky:
How is it manipulation though? if you offer 100k units for instance, it will close at 10% higher today

I have not seen any sign of manipulation oooo.
No reasonable offers to match the bids on the table.What is dragging it backwards is the forces of demand and supply.If it is manipulated, the price won't be stagnant.

It will still close same today unless their is adequate supply that can bring it up or down.

E Ku Market oo.
E Ku FBNH.......

First bank crossed 10!!!!
Closed to full bid earlier....,...pulled back to 9.85.........moving up again gradually with more funds moping and chasing the Elephant....

UBN
Higher bids than offers........

It must be that Airtel buy over will have significant positive impact on FBN, to have warranted this massive mop up.........FBN is pocketing around 88Billion or more........
Is FBN going to pay special dividend for this? We don't know yet.....

yMcy56:
E Ku Market oo.
E Ku FBNH.......

First bank crossed 10!!!!
Closed to full bid earlier....,...pulled back to 9.85.........moving up again gradually with more funds moping and chasing the Elephant....

UBN
Higher bids than offers........

It must be that Airtel buy over will have significant positive impact on FBN, to have warranted this massive mop up.........FBN is pocketing around 88Billion or more........
Is FBN going to pay special dividend for this? We don't know yet.....

FBN gangs enjoy your loots quietly and don't come and mock our Access bank.
Our turn go soon come,na turn by turn

samguru:
FBN gangs enjoy your loots quietly and don't come and mock our Access bank.
Our turn go soon come,na turn by turn

I feel once the moneybags finish buying, the stock price might not be sustained considering the fundamentals of FBNH

yMcy56:
E Ku Market oo.
E Ku FBNH.......

First bank crossed 10!!!!
Closed to full bid earlier....,...pulled back to 9.85.........moving up again gradually with more funds moping and chasing the Elephant....

UBN
Higher bids than offers........

It must be that Airtel buy over will have significant positive impact on FBN, to have warranted this massive mop up.........FBN is pocketing around 88Billion or more........
Is FBN going to pay special dividend for this? We don't know yet.....

88billion? Does fbnh have shares in Airtel?

Please enlighten us more on FBNH holdings in AIRTEL

Mpeace:
88billion? Does fbnh have shares in Airtel?

First Bank, FCMB, Leadway Assurance, Lagos State, Delta State, Akwa Ibom State, Otudeko, Subomi Balogun were some of the pioneer shareholders of Econet Wireless Network Nigeria. Most of the pioneer shareholders have sold at a profit

Mpeace:
88billion? Does fbnh have shares in Airtel?

Yes........and FBN has accepted to sell her shares in Airtel Nigeria to Airtel Africa in the share buyback........
The offer price is N55.81.........and the deal was positive for FBNH.

https://stocks.nairametrics.com/2021/10/04/airtel-nigeria-offers-to-buy-back-minority-shares-worth-n61-24-billion/

samguru:
FBN gangs enjoy your loots quietly and don't come and mock our Access bank.
Our turn go soon come,na turn by turn

Lol.
If FBNH should stay up, then it's a matter of time that Access will meet up, overtake and take it's place back......
This is just my opinion anyway. Mr. Market may say otherwise.

yMcy56:
Yes........and FBN has accepted to sell her shares in Airtel Nigeria to Airtel Africa in the share buyback........
The offer price is N55.81.........and the deal was positive for FBNH.

https://stocks.nairametrics.com/2021/10/04/airtel-nigeria-offers-to-buy-back-minority-shares-worth-n61-24-billion/

Wow that something oh.
But how did you arrive at 88billion.

This is a quote from the link you provided

"In what appears to be an open offer, the telecommunication giant revealed that if all minority shareholders agreed to sell their shares, the total buy back will be worth an estimated N61.24 billion (c$148.1 million, using an exchange rate of 413.38 NGN/USD)"
The said 61billion goes beyond fbnh shares to also including shares of other minority shareholders

Mpeace:
Wow that something oh.
But how did you arrive at 88billion.

This is a quote from the link you provided

"In what appears to be an open offer, the telecommunication giant revealed that if all minority shareholders agreed to sell their shares, the total buy back will be worth an estimated N61.24 billion (c$148.1 million, using an exchange rate of 413.38 NGN/USD)"
The said 61billion goes beyond fbnh shares to also including shares of other minority shareholders

Modified:
Oga Rebekah answered you already.

[quote author=Mpeace post=106524846]Wow that something oh.
But how did you arrive at 88billion.

This is where people saw N88b.

Well done Madam.

yMcy56:
Modified:
Oga Rebekah answered you already.

yMcy56:
FBNH: Full bid @9.90!!
Elephant is awake and crushing every obstacle on its path......

Overtake UBA, and now ACCESS!!!
Will Access challenge the Elephant?

UBN
Getting serious attention......
Some cross deals going on here @5.…..

please Any news on the sale of Atlas Mara 49.7% shares in UBN ?

DUNKA:
please Any news on the sale of Atlas Mara 49.7% shares in UBN ?

No news yet from my angle o.
We will sha be keeping close eyes on the movement in that stock.
Me self dey interested.
Think anyone with spare funds can be buying the dips here.......for keep..........they fit come up one day with the announcement.

emmanuelewumi:
First Bank, FCMB, Leadway Assurance, Lagos State, Delta State, Akwa Ibom State, Otudeko, Subomi Balogun were some of the pioneer shareholders of Econet Wireless Network Nigeria. Most of the pioneer shareholders have solds at a profit

Boss, pls do you know or have any info on whether Subomi Balogun/FCMB may decide to sell too?

Oga Wanaj0 mentioned that Oba Otudeko may have sold his own shares too..........seems that's the more reason we witnessed jump in Honeywell share price.

wanaj0:
They may be selling their holdings in Airtel.
They may have sold holdings in Honeywell also

A TOTAL OF 473,000,000 UNITS OF FBN HOLDINGS PLC WAS DONE TODAY AT N16.00 IN ONE DEAL. THE DEAL WAS A NEGOTIATED CROSS DEAL BY FBNQUEST SECURITIES LTD AS BOTH BUYER AND SELLER
07-Oct-2021 [SIAMLETF40]>> DAILY INDICATIVE PRICES Indicative Bid/


With the above info the ELEPHANT will surely overtake zenith Bank