₦airaland Forum

megamart247:
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

Please I need clarification.

Somebody bought the shares at N16 per share when it is trading at N10 per share?

yMcy56:
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 sell his own shares too..........seems that's the more reason we witnessed jump in Honeywell share price.

It appears they sold long ago

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

O boy no b small thing..... Am looking at my small fbhn at 110% on my portfolio while access where am heavy is giving me hope

emmanuelewumi:
It appears they sold long ago

Thanks sir............but this share buyback is a recent development o.

klas:
Please I need clarification.

Somebody bought the shares at N16 per share when it is trading at N10 per share?

It was NEGOTIATED CROSS DEAL.

Mr. Market doesn't have a say here, no order matching need.

Purely between Seller and Buyer.

ojeysky:
O boy no b small thing..... Am looking at my small fbhn at 110% on my portfolio while access where am heavy is giving me hope

Hope vs cash.

yMcy56:
Thanks sir............but this share buyback is a recent development o.

Delisting is near

FBN holdings people. Enjoy o.

FBNH might close negative today

Pesuzok:
FBNH might close negative today

Words of those not in the bus.
Mpeace and others in the bus will be wishing it keeps going up.

Some crossings are still going on underground sha.

Pesuzok:
FBNH might close negative today

are you sure?

yMcy56:
Words of those not in the bus.
It's glaring you don't have it............Mpeace and others in the bus will be wishing it keeps going up.

Some crossings are still going on underground sha.

Don't mind them.
See them........Na them.....

Princkez:
are you sure?

Quite a lot of cross deals @9.90......even as at now.....
Series of 1,450,000units being crossed....
Over N1.2B staked on it so far........
Chai!!! I hope another stock will strike this type of deal soonest too.

First bank closed @10.......…...higher than previous close with 30kobo.....
Still showing strength....
May open higher tomorrow....
It's well.

universal insurance closed at 22k, +4.76% today.

lets see how far this rally will go.

yMcy56:
Thanks sir............but this share buyback is a recent development o.

Airtel Nigeria is different from Airtel Africa.

Delta State sold their shares in Airtel Nigeria when Ibori was the governor, that was about 14 years.

Flash360:
universal insurance closed at 22k, +4.76% today.

lets see how far this rally will go.

The day you will remove your mind from this stock, you will see salvation.This is the last deal that put the stock at 21kobo at market close......874,995 units.

Uniconcon closed at 21kobo.It for nearly closed at 20 kobo self.Tomorrow is another day

stockbull:
Nigerian stock exchange market alert,
Daily market report,capitalization,index,cscs,today report.
If you are investor in the Nigeria stock exchange market and you are active investor , follow this thread as I will be posting stocks that would make significant gains and the time limit based on my perspective.
You want to alert your friends,share and bookmark this topic,copy the link below

http://rs.gs/VU8

please read my disclaimer that's effective on any stock pick recommendation you get here
DISCLAIMER
YOU SHOULD CONSULT YOUR TRUSTED INVESTING COUNSELLOR OR YOUR BROKER BEFORE YOU INVEST IN MY RECOMMENDED STOCKS AS YOU KNOW STOCKS RESPOND TO NEWS AND NO ONE CAN PREDICT WHAT WILL HAPPEN TO ANY STOCK IN THE NEXT DAY AND THE FUTURE DECISION OF ANY COMPANY 'S MANAGEMENT

good

onegentleguy:
There has been a reoccurance of mergers/acquisition or takeover/buyout and follow-up delisting of some quoted companies on the NSE bourse.
Over the yrs, the likes of NBC, BAGCO, IHS, CAPPA & D'ALBERTO, OASIS INSURANCE, CRUSADER INSURANCE, 7-UP, ASHAKA CEMENT, AVON CROWN CAPS, DIAMOND BANK, NEWREST ASL, DANGOTE FLOUR, CONTINENTAL RE, 1ST ALUMINIUM and most recently AG LEVENTIS to mention just a few, have either undergone a merger, aquisation or takeover/buyout. ...with the last 6 all brokered in less than a year !!
However, I think we might see a few more in the not-so-distant future.

Given the current position of their financial print(balance sheet position in view) in relation to their present equity prices, the following coys could be future candidates for a merger, acquisition or take over/buy out:

NEIMETH PHARMACEUTICALS, CHAMS, FO, GLAXOSMITHKLINE NIG, COURTVILLE, TRANEX(trans-nationwide express), UNIONDAC, PZ and BERGER PAINTS PLC.

Why?

1st off, is to ascertain if there are doubts surrounding the survival of these companies, so one doesn't lose their money taking(early) positions in them. And next, is to look in on their current earnings capacity, then gauge its relative sustainability over time.

On that line, keeping a tag on their OHLSONS O-SCORE(a key financial tool used to forecast if a company could go bankrupt), I see them remaining as a going concern. ...which makes them attractive candidates for 'external forces'(investors) who could bid to take them on at a cheap and turn them around.

...and using the EPP(earnings persistence approach: a valuation technique used to predict how often the earnings return of a coy will likely continue to reoccur over time after raking-off risk), I see a higher probability that any take over/buy out(should they occur) will be priced @ great premiums to their current market prices.
With some, at potential premiums of near 105% ROI !!

I particularly like the 1st 5.

On a side note, a few coys in the financial services sector, particularly the INSURANCE segment 'could also be up for grabs'... so watch that space !!

CAVEAT: This piece is only intended to look at quoted coys with chances of a merger, acquisition or takeover/buy out.
...it is NO license to any sought of recommendation !!

My advise: Always do well to follow ur instinct.

onegentleguy:
THE CURRENT 'TRAVAILS' OF PZ NIG PLC !!

A few days ago, I told some folks that I'd rather accumulate more UACN than PZ, given their current market prices.
Well, PZ just released its Q1 2019/2020 result with a material gap down across all KEY revenue and earnings line.

Key highlights:

• Contracting margins(PBT & NET MARGIN in view) following the offset of stiffer competition from lower price points.
...with PAT MARGIN declining by near an alarming 436% printing a LOSS of over N1.1B in the period under review.
But for the zero tax expense(which it currently enjoys via a tax exempt relief) the loss position would've been far higher.

• Decelerating revenue(despite a relatively stable price regime) following a visible struggle for volume push.

• Though the coys QUICK RATIO of 0.6 smacks off a healthy short term liquidity stance, its CURRENT RATIO peg of 1.6 shows that something is just not right with PZ earnings drive.
...3 things are at play here:

1st off, it suggest that the company has been struggling to squeeze out earnings from its longer duration current asset play.
On that line, inventory position has been gulping up... reflective in the poor inventory turnover.
Elsewhere, the coy is also not getting any positive offset of value from its prepaid expense. Again, reflective in the worrisome A/C receivable turnover.
The struggle for sales margin(given higher inventory and lower receivables) has forced management to allow for more repayment period to debtors by over a 1/2 in the last 2 yrs.
Both lines have resulted in the difficulty with building higher net income from gross revenue.

By the way, the CURRENT RATIO peg of 1.6 means that for every N10 of current liability in its book, the company will require approx N16 of current asset to settle it.
Put differently, PZ currently expands 60% more for its near term obligations/liabilities than it earns over the same period.
A strong case for the view that the company is presently working more for its creditors and far less for its shareholders.

• The company hasn't managed to optimize cost(cost savings accruals in view).
...save for the gains from a lower admin expense by circa 2350bps(the resultant effect of lower vol drive occasioned by higher inventory from weaker sales and a possible downsizing of its workforce) all KEY cost line(CoS, opex margin) inched up.

• On the profitability/earnings front, the group lost 23k more than it did just 3 months ago.
Elsewhere, EM, ROAE, ROAA, RoIC, AsQ and AsY all pointed downwards, with some printing negative figures.

• Though the coys OHLSONS O-SCORE shows that there is no immediate worry of default(distress risk in view), its ALTMAN Z-SCORE points to a higher credit risk weighting with a far less value drive behind the current price.
To further lend credence to that, the coys PIOTROSKI F-SCORE suggest a value trap !!(value behind the price in view)

Using a combination of certain key valuation model at an assumed same relative growth rate with Q1, and adjusting for a sufficient risk premium(taking into a/c near term surrounding impact), I have a FVE of N4.29(@ the point when likely reward would overtake risk)
...which translates to a sell given the current market price.

This is what I'll do if I hold a position in the coy. ...especially if my strategic play with it does not fit into a long term plan.
...but that's just me.

DISCLAIMER: The views expressed in this analysis was drawn from PZ' latest financial print.
The interpretation therefore should only be that of a view, and NOT a recommendation.

My advice: Do well to follow ur instinct.

On a side note, certain financial variants are pointing to the plausibility that this coy might turn out to be a take over candidate in future.(perhaps the CONTINENTAL RE or NEWREST ASL style)
It's important to note that minority shareholders hold just a minot approx 229M units out of just over 26.7% of the coys OS held with several investors.
The parent company, PZ CUSSONS UK LTD holds the balance of over 73.2% stake.

Salah.

currentprice:
Ekuu mkt o

when is PZ audit report is going to be release na we have Q4 report since

Good that u have an eye on PZ. …I’ve noticed a growing interest in the coy. It has also been on my watch-list.
I recently had to dig in deep on their last 2 FPs.
It can well be an exciting play given the added possibility of value drive through a likely future buy out of minority holders.
PZ was among the 9 candidates I highlighted. (refer to 1st post above)
The Parent coy, PZ CUSSONS UK LTD which holds over 73.2% stake already bought out minority shareholders in Ghana and delisted in Nov, 2019.
In 2020, the BOD Chair of the Nig arm also gave a WA that hinted along that line.
A possible buy-out will indeed be a good line to tap VALUE.
It may or may not happen… but a journey with PZ could still be interesting.

Why?
Prior to that 1st post above, PZ Nig was among the coys I advised folks to SELL. (see 2nd post above)
The intent was to disassociate with the coy until that time when the drive for VALUE/REWARD can surmount the inherent RISK therein. More like SELL and wait to buy back lower.
The share price would later drop from N7+ to <N4 in line with the aforementioned FVE.
Interestingly, no less than 69% of the worries highlighted back then(in the 2nd post) is now been well managed. Their last 2 FPs is quite revealing. The audited version might reveal more.
But there’s still a thing or 2 that I’d like to see.

PZ is a BUY though.

CAVEAT: NOT to be perceived as any sought of recommendation. Due dilligence still applies as always.

Regards

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

Fundamentals really sustain NSE stock prices?

Thing is they're not done till like N28 and what is pushing it now will keep it there.

thats not the last deciding trade. it was 100,000 units at 22kobo. although i expect the stock to trade back tomorrow at 21kobo for now.

i dont expect everyone to see the value i see sha, so my salvation dey my own hand . after Due Diligence, my past strategy on STI scored me +50% and lasaco scored me +80%.

i will be glad to mop more at 20kobo tomorrow, but money no dey

locodemy:
The day you will remove your mind from this stock, you will see salvation.This is the last deal that put the stock at 21kobo at market close......874,995 units.

Uniconcon closed at 21kobo.It for nearly closed at 20 kobo self.Tomorrow is another day

Flash360:
thats not the last deciding trade. it was 100,000 units at 22kobo. although i expect the stock to trade back tomorrow at 21kobo for now.

i dont expect everyone to see the value i see sha, so my salvation dey my own hand . after Due Diligence, my past strategy on STI scored me +50% and lasaco scored me +80%.

i will be glad to mop more at 20kobo tomorrow, but money no dey

Which value do you see though? It's only a gamble for me, so I'm just watching. 22k closing looks like a deliberate pumping for me because there were offers at 21k which were not filled but removed towards the end before 100k 22k bids came in.

Either way, I think there has been a significant interest in the stock judging from valumes it has done in recent times.

Flash360:
thats not the last deciding trade. it was 100,000 units at 22kobo. although i expect the stock to trade back tomorrow at 21kobo for now.

i dont expect everyone to see the value i see sha, so my salvation dey my own hand . after Due Diligence, my past strategy on STI scored me +50% and lasaco scored me +80%.

i will be glad to mop more at 20kobo tomorrow, but money no dey

Edited

I am not yet cleared here.Data not well captured.How come mytradebook didn't capture 100k units at 2.30 and captured the last trade at 2.31.
Anybody with another platform data here?
Screenshot will help abeg...

We watch Transcorp again. No wonder

locodemy:
I am not yet cleared here.Data not well captured.How come mytradebook didn't capture 100k units at 2.30 and captured the last trade at 2.31.
Anybody with another platform data here?
Screenshot will help abeg...

Delayed data capturing possibly............
100k bulk unit was moved @ exactly 2.30pm
The 28k units transaction was actually done @1.31pm not 2.30pm

Sales of Govt power firms as part of 2022 budget financing.Interesting days ahead for some stock traders and investors

yMcy56:
Delayed data capturing possibly............
100k bulk unit was moved @ exactly 2.30pm
The 28k units transaction was actually done @1.31pm not 2.30pm

Okay.you do well

Good day everyone. I have been thinking about United capital and what their dividend payout might be for FY2021. I was at some point thinking that I should sell about 20-30% of my UCAP shares (currently on a profit of approximately 120%) for re-investment in another company as a plan to avoid a shocking P/E or dividend yield. I am looking at Dangote sugar (which I once had) , but would appreciate anyone's opinion/suggestion.

So my concerns are:
1. Is it is worth selling my so-far-reliable (dividend-wise) UCAP?
2. Is Dangote sugar still a good value stock, and which of DANGSUG and UCAP promised a nicer dividend yield for the FY2021?

NB: I am a value investor, and would gladly do my DD on any recommended alternatives.
Your inputs will be greatly appreciated.

yMcy56:
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.

Thank you

**

OBAGADAFFI:
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

Please any idea how much the New Investors negotiated or paid for the Acquisition? Kindly share if you know.

This one wey this place dey quiet.
Some body don chop begin dey look like hawk again.

First Bank's bullion van just arriving Customs Street.....