thebargainhunte:


But why japaul is not showing any sign of seriousness? One leg in,two legs out. In 2021, japaul reached #1.67 while ftn was 0.97 or there about. This year, japaul has been lagging behind compare to ftn and chams and I don't understand. Multiverse which is in the same mining industry is far above #3 although I understand it did share reconstruction sometimes last year or there about. I thought japaul would reach #1 this month, but I was wrong.

There is one Canadian mining firm that wants to partner with Japaul.When fx policy stabilizes, it may come up again and such news is what we need.Secondly, the volume traded by Japaul recently shows the stock is highly recognized at this time.
Remember it has done 100% already and will do a little pullback and consolidate again for another rally.

essentialone:


AGM politics is the only politics in Nigeria that is worse than the one that selected Tinubu into Presidency. I cannot say more than this. All I can say is Thank your God if you have never attended any AGM. It's an organised madness.

Avenue for praise singers to make little money. It took me a long time to identify the rot

I was at UAC Property Development AGM many years ago, i was on the front row looking at the chairman korokoro.

Larry Ettah was the chairman, the guy must be a psychologist he deliberately refused to call me to ask questions.

Questions wey i don dey rehearse for 3 weeks, i don digest the annual reports for the past 4 years.


Meanwhile he was calling people at the back, people wey dey praise the management and the board, even though the company was gradually going astray

They had already prearranged who will ask questions and what questions will be asked. Everything na "arrangee"

otomatic:
They had already prearranged who will ask questions and what questions will be asked. Everything na "arrangee"

FBN under Otudeko na guru in that.

The praise singers are paid ooooo. You see people with shares in all the quoted companies on nasd and NGX.

People wey get one unit of shares and na dem dey vocal pass


Total value of the shares in the over 300 companies no reach 500k

GTB AGM no give room for that kain rubbish

locodemy:


There is one Canadian mining firm that wants to partner with Japaul.When fx policy stabilizes, it may come up again and such news is what we need.Secondly, the volume traded by Japaul recently shows the stock is highly recognized at this time.
Remember it has done 100% already and will do a little pullback and consolidate again for another rally.

I never see someone wey do this monkey business more than you!Canada wetin?

emmanuelewumi:




Larry Ettah was the chairman, the guys must be a psychologist he deliberately refused to call me to ask questions.

Questions wey i don dey rehearse for 3 weeks, i don digest the annual reports for the past 4 years.

naturalflow:
I never see someone wey do this monkey business more than you!Canada wetin?

He was not monking, a Canadian company called h&h mining ltd wanted to partner with japaul in late 2020 and it was the news that sent japaul share price to #1.67 in January,2021. I don't really know whether the partnership saw the light of d day.

locodemy:


There is one Canadian mining firm that wants to partner with Japaul.When fx policy stabilizes, it may come up again and such news is what we need.Secondly, the volume traded by Japaul recently shows the stock is highly recognized at this time.
Remember it has done 100% already and will do a little pullback and consolidate again for another rally.

This government might favour the company in that area. Japaul might get to #1 by next year if they continue to improve.

naturalflow:
I never see someone wey do this monkey business more than you!Canada wetin?

CanadaWater underground🎶

united capital employees don dey buy humongous shares again o

Bbbwings:
united capital employees don dey buy humongous shares again o

What happened the last time they did.

thebargainhunte:
He was not monking, a Canadian company called h&h mining ltd wanted to partner with japaul in late 2020 and it was the news that sent japaul share price to #1.67 in January,2021. I don't really know whether the partnership saw the light of d day.

is it the japaul-milost abacatraba?

emmanuelewumi:



WAPIC is now known as Coronation Insurance

Thanks bro

emmanuelewumi:
The praise singers are paid ooooo. You see people with shares in all the quoted companies on nasd and NGX.

People wey get one unit of shares and na dem dey vocal pass


Total value of the shares in the over 300 companies no reach 500k

99% of people who attend AGMs are there for only 3 things.

1. The free food and free gifts
2. The meeting sitting allowance that is normally given to the do called Chairman or Chairlady of different shareholders associations. to be distributed to their supporters and praise singers.
3. To vote in their own paddy paddy as Members of the audit committee of the company. the duty of the audit committee is to allow the management of the company, the board of directors, and the external auditors to prepare doctored financial reports. In return they get well paid. During some of these AGMs, those contesting for the audit committee jobs, go to their villages, often Yorubas, make I call name now, and import several hungry old men and women who they have bought 1 unit each of the company for , so that they can come in and be allowed to vote, of course for them.

They have a complete list of all the AGMs to be held in Lagos state for the year, and would vehemently fight any company that dares not to do it's AGM in Lagos state.

All those who attend AGMs are mostly old and poor persons who have at least 1 unit of shares in all the companies in NGX & NASD. They are neither investors nor traders in the stock market. Just exploiting the policy of companies to provide refreshments and attendance allowances during Meetings. And AGMs being a Company Meeting, do the maths by yourself.

Yorubas don't be offended ooo. Na wetyn I see I talk.

Please, if ever you attend any AGM, don't waste time or bother raising your hand to ask questions. Those who you see asking questions have been chosen and rehearsed before the meeting day. The Chairman knows all of them and cooperates well with all of them to avoid negative board room politics. There is usually an inner caucus meeting a day before the meeting. News media are not part of that one so it is not shown on TVs or YouTube.

When you see them coming out to act like they have read the full report thoroughly, just know it is a well rehearsed drama that is going on.

Focus on the stock market investment you are doing and avoid going to AGMs ooo. For your own sanity.

But what they do there worries me because I keep wondering how many of Una so called fundamentally sound companies are actually fundamentally sound companies. Those guys can Cook Books for fun ooo.

Just browsing through my prosperity portfolio.
I single out TRANSCORP HOTEL.
TRANSCOHOT used to have low volume trade, the holders rarely sell, was fortunate to purchase 100,000 units in May 2021 with Total cost price N327,986.18, and 482% gains at the close of market on 26th June 2023.
Fast and forward, the post covid recovery and turnaround of TRANSCOHOT had been dramatic and rewarding.
The motivation for buying the ticker in 2021 was based on sentiment and optimism that the Hospitality industry stand to gain after the pandemic.
In fulfillment of this sentiment, TRANSCOHOT is doing the 7th wonders of the World 🌎 for those that entered the Market in May 2021 and remain holders till date, You have outperformed the 10 years history of this ticker TA and 2yrs hx of FA.
Sentiment and Optimism won the day for TRANSCOHOT.
No regret for not purchasing more, noone will tell you cease today tomorrow, a risk and limitation of self investing,.
NGX still has much to offer value investors who can filter quality from cheap equities using the combination of optimism and sentiment on:
1.What the company is offering the Nigerian minority elites and the majority masses
2. The total outstanding shares of the company with reference to volume and price movements over a given period (at least 5 years)
3.The company performance in terms of cash flow and the need to ignore recurrent expenditures, coz almost all the listed companies on NGX enrich themselves with this big elephant 🐘 in the room.
4. Always stay ahead of the market with information, take time to read financial news.
Above all, time in the market is rewarding than timing the Market. There is no one cap fit all, plan your strategy, stick to your choice and allow Mr Time (t) to announce your reward.

The exchange rate unification is favoring and will likely double the current Market capitalisation of TRANSCOHOT, hence holders shouldn't rush to sell. Band N25 to N30 is visible. This is a typical organic growth of a company, not the pump and dump that characterized the NSE of 1999 to 2008 when the then Oceanic Bank, AP and the rest of them would triple their market capitalisation overnight.
I wish and hope, TRANSCOHOT will issue bonus like NAHCO.


https://africa.businessinsider.com/local/markets/the-story-of-impact-transcorp-hotel-is-doing-well-and-doing-good/53dyfnq.amp

https://www.ripplesnigeria.com/ngx-gains-in-transcorp-hotels-tantalizer-others-raise-market-cap-by-n71-9bn/

essentialone:


99% of people who attend AGMs are there for only 3 things.

1. The free food and free gifts
2. The meeting sitting allowance that is normally given to the do called Chairman or Chairlady of different shareholders associations. to be distributed to their supporters and praise singers.
3. To vote in their own paddy paddy as Members of the audit committee of the company. the duty of the audit committee is to allow the management of the company, the board of directors, and the external auditors to prepare doctored financial reports. In return they get well paid. During some of these AGMs, those contesting for the audit committee jobs, go to their villages, often Yorubas, make I call name now, and import several hungry old men and women who they have bought 1 unit each of the company for , so that they can come in and be allowed to vote, of course for them.

They have a complete list of all the AGMs to be held in Lagos state for the year, and would vehemently fight any company that dares not to do it's AGM in Lagos state.

All those who attend AGMs are mostly old and poor persons who have at least 1 unit of shares in all the companies in NGX & NASD. They are neither investors nor traders in the stock market. Just exploiting the policy of companies to provide refreshments and attendance allowances during Meetings. And AGMs being a Company Meeting, do the maths by yourself.

Yorubas don't be offended ooo. Na wetyn I see I talk.

Non shareholders also attend the meetings, they bring jobless people in their communities to attend the AGM.


Most of us who don't attend AGM, some people attend such meetings on our behalf through proxy. It is a syndicate between some of the shareholders associations, Registrars and the company secretaries.


Imagine having a total portfolio size of about 500k, but getting 4 times of the amount as your own share of the AGM expenses from the company.

For praise singing it starts from 5k to 100k depending on the praise singer and the level of rot in the company.


If you a member of the audit committee that one is about 20k to over 200k per sitting and they are expected to sit 4 times a year.


They don't need fundamental, technical or sentimental analysis for this, they only need corruption analysis.

emmanuelewumi:



Non shareholders also attend the meetings, they bring jobless people in their communities to attend the AGM.


Most of us who don't attend AGM, some people attend such meetings on our behalf through proxy. It is a syndicate between some of the shareholders associations, Registrars and the company secretaries.


Imagine having a total portfolio size of about 500k, but getting 4 times of the amount as your own share of the AGM expenses from the company.

For praise singing it starts from 5k to 100k depending on the praise singer and the level of rot in the company.


If you a member of the audit committee that one is about 20k to over 200k per sitting and they are expected to sit 4 times a year.


They don't need fundamental, technical or sentimental analysis for this, they only need corruption analysis.

@pa Emma, I can't stop laughing ni KUTUKUTU OWURO
Your humor 🤣 is very funny
A new school of analysis is birthed.
"CORRUPTION ANALYSIS "
it is the vector quantity in RECURRENT EXPENDITURES AND COST OF SALES" that always eat 70% of profits of all quoted companies on NGX. They only declare profits whenever the cost of sales reduced significantly.

essentialone:


99% of people who attend AGMs are there for only 3 things.

1. The free food and free gifts
2. The meeting sitting allowance that is normally given to the do called Chairman or Chairlady of different shareholders associations. to be distributed to their supporters and praise singers.
3. To vote in their own paddy paddy as Members of the audit committee of the company. the duty of the audit committee is to allow the management of the company, the board of directors, and the external auditors to prepare doctored financial reports. In return they get well paid. During some of these AGMs, those contesting for the audit committee jobs, go to their villages, often Yorubas, make I call name now, and import several hungry old men and women who they have bought 1 unit each of the company for , so that they can come in and be allowed to vote, of course for them.

They have a complete list of all the AGMs to be held in Lagos state for the year, and would vehemently fight any company that dares not to do it's AGM in Lagos state.

All those who attend AGMs are mostly old and poor persons who have at least 1 unit of shares in all the companies in NGX & NASD. They are neither investors nor traders in the stock market. Just exploiting the policy of companies to provide refreshments and attendance allowances during Meetings. And AGMs being a Company Meeting, do the maths by yourself.

Yorubas don't be offended ooo. Na wetyn I see I talk.

Pls don't blame my people. We are offended already.
Yorubas are the highest investors in NGX. They are reaping very well where they sew. This is why I would never support the FGN to take our generational unclaimed dividends that benefit the economy of the South West indirectly.
You must learn how to survive in any situation or else NATURE will disown you.
You remind me of years in the UNIVERSITY OF LAGOS, where every inaugural lectures was a guarantee of a square meal ⬛️ and a means to defeat transient hunger. You dare not missed an inaugural lecture coz, You are sure of take away packages after satisfying yourself.

Pls allow awon Baba ati Mama wa to enjoy the labour of their offsprings.
I'm sure it was because of people that don't like us that made SEC to ban the distributions of gift items during AGM.
In those days our people return from AGM with priced clocks ⏰️, umbrella 🌂, 📻 etc.
It makes AGM lifely.
The Covid-19 pandemic during which AGM was changed to visual really affected awon Baba wa. AGM is lifely again now, at least the gift is moneytised in form of transport and participation allowance for our darling parents.
The last Zenith Bank AGM was lifely and interesting to see awon parents wa , representing us well during interaction with Jim Ovia and his teams.
It was not by coincident that the Yorubas have the highest no of registered shareholders associations in Nigeria. It is a way of life. As for me, I focus on what I can gain from a listed company using sentimental and optimism analysis. I just ignore the corruption analysis.

https://sec.gov.ng/list-of-registered-shareholders-associations/

When our parents were busy registering shareholders associations, some people thought it was a waste of time. Check the list of registered associations in Ibadan alone, then you would know that
"What oil is to Niger-Deltans, is what equities investment is to the Yorubas"
The Yorubas lost sizeable wealth and make tangible gains in NSE. I can tell you confidently that 2 out of every 50 households in South West have shares in NGX ,while 10 out of every 50 households know about stocks investment.
It started way back to Nigeria pre-indigenisation policy.
I started learning about stocks from my father when I was in primary 5. I didn't just become a self value investor overnight.

Mankindman:


Pls don't blame my people. We are offended already.
Yorubas are the highest investors in NGX. They are reaping very well where they sew. This is why I would never support the FGN to take our generational unclaimed dividends that benefit the economy of the South West indirectly.
You must learn how to survive in any situation or else NATURE will disown you.
You remind me of years in the UNIVERSITY OF LAGOS, where every inaugural lectures was a guarantee of a square meal ⬛️ and a means to defeat transient hunger. You dare not missed an inaugural lecture coz, You are sure of take away packages after satisfying yourself.

Pls allow awon Baba ati Mama wa to enjoy the labour of their offsprings.
I'm sure it was because of people that don't like us that made SEC to ban the distributions of gift items during AGM.
In those days our people return from AGM with priced clocks ⏰️, umbrella 🌂, 📻 etc.
It makes AGM lifely.
The Covid-19 pandemic during which AGM was changed to visual really affected awon Baba wa. AGM is lifely again now, at least the gift is moneytised in form of transport and participation allowance for our darling parents.
The last Zenith Bank AGM was lifely and interesting to see awon parents wa , representing us well during interaction with Jim Ovia and his teams.
It was not by coincident that the Yorubas have the highest no of registered shareholders associations in Nigeria. It is a way of life. As for me, I focus on what I can gain from a listed company using sentimental and optimism analysis. I just ignore the corruption analysis.

https://sec.gov.ng/list-of-registered-shareholders-associations/

When our parents were busy registering shareholders associations, some people thought it was a waste of time. Check the list of registered associations in Ibadan alone, then you would know that
"What oil is to Niger-Deltans, is what equities investment is to the Yorubas"
The Yorubas lost sizeable wealth and make tangible gains in NSE. I can tell you confidently that 2 out of every 50 households in South West have shares in NGX ,while 10 out of every 50 households know about stocks investment.
It started way back to Nigeria pre-indigenisation policy.
I started learning about stocks from my father when I was in primary 5. I didn't just become a self value investor overnight.

Greatest Akokite.


Way back before we started having event centers all over Lagos for birthdays, weddings, funeral receptions etc


Halls at UNILAG were used for such events, we dey raid all venues from Education to Engineering, Law, Art Theater, Law, Main auditorium, by the time we are through with the raiding we have enough food, meat, drinks that could last one for 3 to 4 days


So some of these so called shareholder activists get jobless youths, artisans, market women to attend the AGM even though they are not shareholders, they will also get street credibility in the neighbourhood.

When companies started having virtual AGMs these companies still claim to have spent tens to hundreds of Millions of Naira as AGM expenses.


I beg let the retailest of the retail investors get their own share of the cake.


The last time I attended AGM was in 2018. I remember at an AGM held at Eko Hotel, when I wanted to check in i was informed that someone had checked in using my name. I was finally allowed in when I wanted to escalate the anomaly

Please, what happened to PRESCO FYE report? Was dividend paid? Abi I missed it?

I know a family, the baba has a shareholders association, the wife has a shareholder association, the five children have different shareholders association

Shareholder activism is now a family business for this Baba

One of his son's actually started his association while in the university. He would mobilize students to AGM in Lagos

emmanuelewumi:




Greatest Akokite.


Way back before we started having event centers all over Lagos for birthdays, weddings, funeral receptions etc


Halls at UNILAG were used for such events, we dey raid all venues from Education to Engineering, Law, Art Theater, Law, Main auditorium, by the time we are through with the raiding we have enough food, meat, drinks that could last one for 3 to 4 days


So some of these so called shareholder activists get jobless youths, artisans, market women to attend the AGM even though they are not shareholders, they will also get street credibility in the neighbourhood.

When companies started having virtual AGMs these companies still claim to have spent tens to hundreds of Millions of Naira as AGM expenses.


I beg let the retailest of the retail investors get their own share of the cake.


The last time I attended AGM was in 2018. I remember at an AGM held at Eko Hotel, when I wanted to check in i was informed that someone had checked in using my name. I was finally allowed in when I wanted to escalate the anomaly

Emma, U be akokite?

In another news the father of MPT is dead.

https://www.afr.com/wealth/investing/a-founder-of-modern-investment-theory-dies-20230627-p5djqy

The gambler who devised modern investment theory dies
American mathematician Harry Markowitz devised modern portfolio theory, which is used to structure most investment portfolios, including balanced super funds

aremso:


Emma, U be akokite?

Akokite for life. I stayeɗ at Fagunwa Hall, Makama Hall, Jaja Hall, El Kanemi Halll

Curiouscity:
Please, what happened to PRESCO FYE report? Was dividend paid? Abi I missed it?

The thing tire me.They are yet to release the FYE report.l am wondering what is going on has SEC gone to sleep.

When Mutual Benefit failed to release their full year report for 2021 last year they were sanctioned and trading in their stock was suspended till they released full year report.

l been wondering what is going on has SEC,NGX gone to sleep.

Mankindman:


Pls don't blame my people. We are offended already.
Yorubas are the highest investors in NGX. They are reaping very well where they sew. This is why I would never support the FGN to take our generational unclaimed dividends that benefit the economy of the South West indirectly.
You must learn how to survive in any situation or else NATURE will disown you.
You remind me of years in the UNIVERSITY OF LAGOS, where every inaugural lectures was a guarantee of a square meal ⬛️ and a means to defeat transient hunger. You dare not missed an inaugural lecture coz, You are sure of take away packages after satisfying yourself.

Pls allow awon Baba ati Mama wa to enjoy the labour of their offsprings.
I'm sure it was because of people that don't like us that made SEC to ban the distributions of gift items during AGM.
In those days our people return from AGM with priced clocks ⏰️, umbrella 🌂, 📻 etc.
It makes AGM lifely.
The Covid-19 pandemic during which AGM was changed to visual really affected awon Baba wa. AGM is lifely again now, at least the gift is moneytised in form of transport and participation allowance for our darling parents.
The last Zenith Bank AGM was lifely and interesting to see awon parents wa , representing us well during interaction with Jim Ovia and his teams.
It was not by coincident that the Yorubas have the highest no of registered shareholders associations in Nigeria. It is a way of life. As for me, I focus on what I can gain from a listed company using sentimental and optimism analysis. I just ignore the corruption analysis.

https://sec.gov.ng/list-of-registered-shareholders-associations/

When our parents were busy registering shareholders associations, some people thought it was a waste of time. Check the list of registered associations in Ibadan alone, then you would know that
"What oil is to Niger-Deltans, is what equities investment is to the Yorubas"
The Yorubas lost sizeable wealth and make tangible gains in NSE. I can tell you confidently that 2 out of every 50 households in South West have shares in NGX ,while 10 out of every 50 households know about stocks investment.
It started way back to Nigeria pre-indigenisation policy.
I started learning about stocks from my father when I was in primary 5. I didn't just become a self value investor overnight.

Your Eulogy has been duly noticed, but it failed to respond to the issue of the rot going on in AGMs which can and may have significant negative impacts on the quality and integriy of the Financial Statements being offered to the investing publics by Nigerian companies. Remember the Burst Balloon theory. I am not taking away the rice ati ewa ati dodo from awon Baba ati Mama wa. Just cocncerned about how the dirty hungry politics going on in AGMs can affect the efforts of real stock market traders, who may end up buying gbola, thinking it is bolee.

On paper, everything seems well at Unity Bank, but a worrying note from independent auditors, KPMG, on the financial health of Unity Bank should bother investors. A note from independent auditors, KPMG, has raised questions over the financial health of Nigeria’s Unity Bank. These questions became pertinent after the lender’s total liabilities exceeded its total assets by ₦274.9 billion for the full-year ended December 31, 2022. Per its financial statements, the bank recorded total assets of ₦510 billion in full-year 2022, compared to ₦538 billion in 2021. On the part of its total liabilities, the bank recorded ₦785 billion in 2022, as against ₦815 billion recorded in 2021. Analysts from KPMG wrote a note regarding this situation in its books, highlighted it as a “growing concern.”

Unity Bank Plc said it is targeting to achieve N19.864 billion in gross earnings during the third quarter of 2023. The bank also projected raking in N16.407 billion in interest income. Targets for a profit before and after tax were put at N262.359 million and N240.059 million, respectively. While the projection for interest expenses stood at N11.342 billion, forecasted taxation for the period was put at N22.300 million. Unity Bank Plc posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021.