emmasoft:


sure @YMcy56 you correct 101/100 The koko is that agreed and arrangement between known parties is key. In fact, it's even easier when the two investors are in the same stockbroking house.

Oga Emmasoft, you are a player within the system so I won't expect you to support such positions. A lot of people know that most of those cross deals are done between related parties (friends, business associates, special purpose vehicles, etc).

When results are sent to the regulatory agencies and they are favorable, certain people who have interests take positions in a bid to benefit from such positions. The public where you and I reside are part of the last set of operators in the system to see these results. This is why I sometimes understand when some people feel that Technical Analysis starts off th3 blocks before Fundamental Analysis decides to bend down on its mark.

I also don't think this is limited to the Nigerian Market alone. As a matter of fact, na foreign markets ended happen wella and na dem teach our people sef.

ololufemi:


Oga Emmasoft, you are a player within the system so I won't expect you to support such positions. A lot of people know that most of those cross deals are done between related parties (friends, business associates, special purpose vehicles, etc).

When results are sent to the regulatory agencies and they are favorable, certain people who have interests take positions in a bid to benefit from such positions. The public where you and I reside are part of the last set of operators in the system to see these results. This is why I sometimes understand when some people feel that Technical Analysis starts off th3 blocks before Fundamental Analysis decides to bend down on its mark.

I also don't think this is limited to the Nigerian Market alone. As a matter of fact, na foreign markets ended happen wella and na dem teach our people sef.

Please understand cross deals are legal and not fraudulent; it's allowed.

A cross deal can happen between a debtor and a creditor, two friends, parents and child/children, husband and wife, institutional investors, two stockbroking firms, etc

Most of the takeover bids and getting majority holdings of a company are by cross deals.
Of course no system is perfect there will always be people trying to play smart.

The issue of insider information can't be ruled out in any market.
So we just have to keep doing our due diligence and get the right information as much as we can.

But by all standard cross deals are normal market activities all over the world.

Mpeace:
Yes, but not unbundled. Transcorp still has majority stake.

Wow, I will like to know the % Transcorp has in the Hotel.

Let me do a digging up of Transcorp Hotel share holding.

OBAGADAFFI:



Wow, I will like to know the % Transcorp has in the Hotel.

Let me do a digging up of Transcorp Hotel share holding.

Transcorp sell down dia %holdings in Transcorp hotel last FY as dem state for dem 2021 FY report .Dem use d proceed pay some of dia gbese. The overhead for transcorp dey humongous and I con dey wonder if dem be 'civil service' like NGX too

OBAGADAFFI:



Wow, I will like to know the % Transcorp has in the Hotel.

Let me do a digging up of Transcorp Hotel share holding.

Transcop Hotel used to be Nicon Hilton hotel until it was privatised. Transcorp took majority shares while the federal government retained some with other investors on NSE holding just about half a billion shares. Find below the share structure of transcorp holding:

This is a better picture of transcorp hotel shareholding structure. Mind you it just returned to profitability.

emmasoft:


Please understand cross deals are legal and not fraudulent; it's allowed.

A cross deal can happen between a debtor and a creditor, two friends, parents and child/children, husband and wife, institutional investors, two stockbroking firms, etc

Most of the takeover bids and getting majority holdings of a company are by cross deals.
Of course no system is perfect there will always be people trying to play smart.

The issue of insider information can't be ruled out in any market.
So we just have to keep doing our due diligence and get the right information as much as we can.

But by all standard cross deals are normal market activities all over the world.

We don't need to do much research o how cross deals led to a lot of old people having a heart attack with Oando shares some decades ago. Oops, I hope we haven't forgotten the African Petroleum saga trying to purchase Texaco PLC (now MRS Petroleum PLC) which caused the raucous between Ote$ and Alhaji Cement then.

We should also mention the Tantalizer PLC, Tetrazinni PLC, Big Treat PLC, Starcomms PLC and all those private placements where crosses at the minimum standard to raise prices was being done to push prices up to suddenly dump them on retail investors.

No be today things don dey happen like wishy washy for Nigerian market. Things don happen for this market especially for period between 2007 and 2011 then.

Mpeace:
This is a better picture of transcorp hotel shareholding structure. Mind you it just returned to profitability.

Thank you for this.

I feel Transcorp shareholders aren't benefiting from the hotel investment.

Thay should unbundle it and give Transcorp shareholders unit of the hotel.

ololufemi:


We don't need to do much research o how cross deals led to a lot of old people having a heart attack with Oando shares some decades ago. Oops, I hope we haven't forgotten the African Petroleum saga trying to purchase Texaco PLC (now MRS Petroleum PLC) which caused the raucous between Ote$ and Alhaji Cement then.

We should also mention the Tantalizer PLC, Tetrazinni PLC, Big Treat PLC, Starcomms PLC and all those private placements where crosses at the minimum standard to raise prices was being done to push prices up to suddenly dump them on retail investors.

No be today things don dey happen like wishy washy for Nigerian market. Things don happen for this market especially for period between 2007 and 2011 then.

Your references are noted but that doesn't make cross deals illegal or bad.
The point I'm trying to make is
That a process is abused doesn't make it illegal.

For example it's a normal and legitimate process to access funds by way of loans from financial institutions but we can testify how some companies (banks) have been sent under and investors lost their money because of abuse of the process resulting to bad debts etc.
In fact cross deals has solved some family issues that could have arise when an investor is deceased.
Some investors use the process to allot their shares among their children before death and a cross deal can be used when giving out shares as a gift etc.

With right regulation and enforcement cross deals can always serve its purpose.

emmasoft:


Your references are noted but that doesn't make cross deals illegal or bad.
The point I'm trying to make is
That a process is abused doesn't make it illegal.

For example it's a normal and legitimate process to access funds by way of loans from financial institutions but we can testify how some companies (banks) have been sent under and investors lost their money because of abuse of the process resulting to bad debts etc.
In fact cross deals has solved some family issues that could have arise when an investor is deceased.
Some investors use the process to allot their shares among their children before death and a cross deal can be used when giving out shares as a gift etc.

With right regulation and enforcement cross deals can always serve its purpose.

Thanks for free education to all that contribute.

Let's say I want to get shares from someone using a different stockbroking to mine. That's a cross deal right, and I will pay for charges. Once the price is agreed. How do I go about it.
I remember someone here wanted to sale universal insurance at a lower price sometimes ago. That's a cross deal right?

Monkeypox is now trending all over EU, US and the world at large.

Something that even many Nigerians have not seen any person suffering it or even if they had seen, they are very few. It is a very rare disease and seeing the sufferers is usually a bad sight to behold.

And now it is trending. Awon were jatijati.

What could be the likely impact?

Looking at events in the last 2 years, it is very likely the releases of these events are there to crush demand for fuels, foreign and domestic travel, hotels, vacationing companies etc. If the panic spreads as they are hoping, they tend to boost healtcare and pharma, hygiene goods, food storage/hoarding, vehicle leasings/rentals, online education etc. So these are areas of investment that may see a boost if they spread the panic like they did for covid.

Effect on NSE?

I don't think there will be any negative impact on stocks that cater for these events(highlighted above). 100K here we come.

Stay safe.

emmasoft:


Your references are noted but that doesn't make cross deals illegal or bad.
The point I'm trying to make is
That a process is abused doesn't make it illegal.

For example it's a normal and legitimate process to access funds by way of loans from financial institutions but we can testify how some companies (banks) have been sent under and investors lost their money because of abuse of the process resulting to bad debts etc.
In fact cross deals has solved some family issues that could have arise when an investor is deceased.
Some investors use the process to allot their shares among their children before death and a cross deal can be used when giving out shares as a gift etc.

With right regulation and enforcement cross deals can always serve its purpose.

My dear brother @emmasoft, all through my several posts, I never mentioned that they are illegal o. I just highlighted how they have been used in unethical ways by some investors to get away with abusing its application for personal gains on such deals without considering the effect on retail investors.

The bank issue you mentioned regarding loans is also an unethical way that a lot of people have used to rob banks and make investors and stakeholders suffer losses.

My point highlights the unethical behaviour which clearly differs from illegal ones.

ololufemi:


My dear brother @emmasoft, all through my several posts, I never mentioned that they are illegal o. I just highlighted how they have been used in unethical ways by some investors to get away with abusing its application for personal gains on such deals without considering the effect on retail investors.

The bank issue you mentioned regarding loans is also an unethical way that a lot of people have used to rob banks and make investors and stakeholders suffer losses.

My point highlights the unethical behaviour which clearly differs from illegal ones.

An illegal deed is always UNETHICAL. In most climes unethical bahaviours are illegal. However in some situations an unethical behaviours can be legal. Cheating on your spouse is unethical but not illegal

In this case it is legal and nothing unethical in crossdeals or off market deals.

Good morning all,
Apologies to those that have sent me private message and called and I have not responded.

Please I will start responding to messages and picking your calls by Thursday.

Thank you

wanaj0:


An illegal deed is always UNETHICAL. In most climes unethical bahaviours are illegal. However in some situations an unethical behaviours can be legal. Cheating on your spouse is unethical but not illegal

In this case it is legal and nothing unethical in crossdeals or off market deals.

Ope o

OBAGADAFFI:


Thank you for this.

I feel Transcorp shareholders aren't benefiting from the hotel investment.

Thay should unbundle it and give Transcorp shareholders unit of the hotel.

But Transcorp receives dividends from the hotel

machine606:

Thanks for free education to all that contribute.

Let's say I want to get shares from someone using a different stockbroking to mine. That's a cross deal right, and I will pay for charges. Once the price is agreed. How do I go about it.
I remember someone here wanted to sale universal insurance at a lower price sometimes ago. That's a cross deal right?

Yes that is a case of cross deal.
You and the other person should carry your stockbrokers along it will be done.

Note that the stocks to be cross must be in cscs and both of you must have updated your kyc before now.

wanaj0:


An illegal deed is always UNETHICAL. In most climes unethical bahaviours are illegal. However in some situations an unethical behaviours can be legal. Cheating on your spouse is unethical but not illegal

In this case it is legal and nothing unethical in crossdeals or off market deals.

Greetings Oga Wanaj0, the revered elder of our forum. Many thanks for your contribution over the years to this forum. We need more it as often as possible o and e sweet my belle say I got you to comment this early morning. This your example na ogbonge one wey sweet my belle especially for Nigeria. But for my obodo oyinbo peeps, cheating on a spouse or adultery in some places in the USA could lead to a fine or jail term which could cause the erring party serious gbese when divorce proceedings are brought into the matter especially regarding alimony payments.

Once again boss, I greet you o! Twale Sir and many thanks for your insights and ideas on this forum.

RabbiDoracle:
Monkeypox is now trending all over EU, US and the world at large.

Something that even many Nigerians have not seen any person suffering it or even if they had seen, they are very few. It is a very rare disease and seeing the sufferers is usually a bad sight to behold.

And now it is trending. Awon were jatijati.

What could be the likely impact?

Looking at events in the last 2 years, it is very likely the releases of these events are there to crush demand for fuels, foreign and domestic travel, hotels, vacationing companies etc. If the panic spreads as they are hoping, they tend to boost healtcare and pharma, hygiene goods, food storage/hoarding, vehicle leasings/rentals, online education etc. So these are areas of investment that may see a boost if they spread the panic like they did for covid.

Effect on NSE?

I don't think there will be any negative impact on stocks that cater for these events(highlighted above). 100K here we come.

Stay safe.

Many thanks for your wise words and insightful contributions to this forum Sir which allows us to learn more. You continue to bring forth perspectives that are invaluable towards wealth creation on this forum and protect its members from inimical events that happen across the globe.

May the Lord continue to bless you and the works of thy hands Sir.

Twale Sir!

FROM MERISTEM SECURITIES

Dear Esteemed Client,

Following the special resolutions passed at the Annual General Meeting of Multiverse Mining & Exploration Plc, (Multiverse or the Company) on 28 November 2019, Trading License Holders are hereby notified that Nigerian Exchange Limited has received an application from Cashville Investments & Securities Limited for a proposed share reconstruction of Multiverse.

The purpose of the Share Capital Reconstruction exercise is to offset accumulated losses on the Company’s statement of financial position which will enable the Company to undertake subsequent future capital raise. The share capital reconstruction will result in the cancellation of nine (9) existing ordinary shares out of every ten (10) ordinary shares held by existing Shareholders.
Further information regarding the Share Reconstruction will be communicated in due course.

Thank you for giving us the privilege to serve you.

Warm Regards,

Wapgod:

Wapic - Coronation Registrars
AIICO - Coronation Registrars

Good morning,
Please who is the registrar for Ecobank Transnational Corporation?

Bukkydudu:


Good morning,
Please who is the registrar for Ecobank Transnational Corporation?

GTL Registrars;
274, Murtala Muhammed Way, Yaba, Lagos. Tel; +234 (01) 2917747, +234 (01) 2793160-2
https://www.gtlregistrars.com/
info@gtlregistrars.com

Caverton about to enter area of value. Bargain hunters take note.

Coolcash1:
Caverton about to enter area of value. Bargain hunters take note.

Caverton business model is dead.

Coolcash1:
Caverton about to enter area of value. Bargain hunters take note.

Yes! Did a quick check on Q1 earnings and it has 18k eps for Q1 which seems good to me relative to cp.

Any further (expert) opinion would be appreciated.. @ogg seems positive on caverton..

https://www.google.com/amp/s/nairametrics.com/2022/04/11/caverton-it-is-going-from-bad-to-worse/%3famp=1

Re Caverton: Cause for concern?

sonofElElyon:
https://www.google.com/amp/s/nairametrics.com/2022/04/11/caverton-it-is-going-from-bad-to-worse/%3famp=1

Re Caverton: Cause for concern?

Caverton has since stated that it is financially stable. NOTE BOLDED BELOW:

Caverton Helicopters Says Company Remains Safe, Financially Stable
March 5, 2022 3:06 am
Share
Chinedu Eze

Caverton Helicopters has said that it is safe and financially stable and has continued to carry out its operations without hindrance.


The company was reacting to reports indicating that it was facing financial challenges and losing its key personnel.

The airline in a statement said though it was not in its character to blow its own trumpets, but noted, “We make bold to say that Caverton Helicopters’ commitment to safety in all facets of its operations is impeccable and unimpeachable.”

The company said it remainsed financially stable despite the lingering impact of COVID-19 on the national and global operating environment.


The airline also debunked reports that the chairman of the company was a politician or a politically exposed person.

On why some pilots left the company for another, it said the country and the industry operate a free-market economy whose cardinal principle was free entry and exit, including of labour, adding that it was within the constitutionally guaranteed rights of those who left the company to do so, as it is within the rights of others to come on board.


”As a matter of fact, the experienced hires by Caverton always come from other companies too, both within and outside the country. Creating a sensation out of some staff leaving one organisation for another organisation amounts to making a mountain out of a molehill. The relevant point is that Caverton always has the required number of well-trained, type-rated, and professional crew (pilots and engineers) from virtually all continents of the globe to meet the complex needs of its premium clients,” it said.

The company attributed the suspension of flights with one of its clients to the audit being carried out on it.


”It is also worth stating that regular audit review is not alien in a highly regulated sector like the oil and gas industry. The suspension of flights with one of our esteemed clients is to ensure such a review. It is a partial contract with the company. We are positive that we will return to normal operations once the audit is concluded.

”It is not deniable that the global pandemic negatively impacted the operations of countries and companies in the last two years. The oil and gas sector, Caverton Helicopters’ primary market, was particularly hit due to low demand occasioned by lockdowns across the globe. This affected the company’s operations as clients reduced flights, dropped contracted aircraft, and reduced rates. But despite this, the company always met its obligations to its staff and suppliers. As the world returns to normalcy, the negative impact of the pandemic is wearing off, and our business outlook is more positive than before, reinforced by our strategic decision to diversify our revenue streams.


”To underscore our commitment to safety, capacity building and financial buoyancy, Caverton has built a 40,000 sqm training and Maintenance, Repair, and Overhaul facility. With spare parts from original equipment manufacturers, operating within an export free zone, and fitted with an EU regulator certified flight simulator, the facility is the first of its kind not just in Nigeria but in Africa,” the company added.

Caverton Helicopters Limited is a subsidiary of Caverton Offshore Support Group Plc, a company that is quoted on the Nigeria Stock Exchange.


“We are therefore subject to well regulated and high ethical corporate governance standards on a continuous basis. We remain unwavering in our commitment to these standards and to delivering best-in-class service to our esteemed clients and lasting value to our other stakeholders.”

Share this:

https://www.thisdaylive.com/index.php/2022/03/05/caverton-helicopters-says-company-remains-safe-financially-stable/

https://africanfinancials.com/caverton-offshore-support-group-nigeria-press-release-on-missing-aircraft/

Lagos, 13 May 2022: Caverton Offshore Support Group Plc (the Company) wishes to notify Nigerian Exchange Limited and the investing public that a DHC 6-400 aircraft with registration TJ-TIM, owned by Caverton Aviation Cameroon, an associate company of Caverton Offshore Support Group Plc, was reported missing at 16.15 pm local time in Cameroon on 11th May 2022.

In conjunction with the Cameroonian authorities, emergency response teams were promptly deployed to the last known location of the ircraft which had two pilots and nine passengers on board. Unfortunately, no survivors were found at the scene.

We continue to work closely with the relevant authorities in Cameroon as they carry out their causative enquiries.

The Board and Management are deeply saddened by this incident and extend its heartfelt condolences to the families who have been affected.

We would like to continue to reassure our various stakeholders of the Caverton Group’s unwavering commitment to safety in all of our operations.

Amaka Obiora
Company Secretary

[quote author=sonofElElyon post=113043490]

Caverton has since stated that it is financially stable

lol at the bolded. Seriously, are you expecting the management to say something contrary?

No matter what the management is saying, yours truly would not touch caverton for now except at about 75k range or below. Firstly, they lost 2 good contracts, before then there has been rumours of the management profiteering from contracts.

Secondly, they lost an helicopter with pilot and other passengers. Sincerely speaking, if you normally fly to your destination, would you think of boarding caverton for now? Remember the same caverton helicopter nearly killed Oshibajo some years ago.

Yes caverton may weather the storms later but obviously not in the next 6 months. So, anyone buying now should be ready to learn how to be patient. I don't even see the company paying any dividend this financial year.

Above is just my humble opinion.

[quote author=kolaish post=113045647][/quote]

Thanks for your insight

.