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Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 5:29pm On Jul 07, 2023 |
sincerelymine: This is more like it. Closed period comes to mind when insiders are restricted; and corporate raiders can have the field. That's over 10% shares of FBNH. |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 5:33pm On Jul 07, 2023 |
yMcy56: I have a very small quantity of this bank bought in 2020 at less than 5 bucks I just dey reason, what if what if... I would have sold it but I don't use the broker often. Been receiving small small dividends from it. NGX is trying jare. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:50pm On Jul 07, 2023 |
IYGEAL:CHAI... This reminds me of my AccessBank shares I abandoned with MAYFIELD since 2008. I've been receiving dividends since then but haven't considered moving it away from them since they got off the brokerage bulala |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:51pm On Jul 07, 2023 |
Frangel:11% was recorded to have been purchased by Oba. * As it is now, he has become the highest single shareholder in FBNH. - Otedola: 5.57% This baba like vawulence so much.... Let's see how Otedola will respond to this....they pursued him in TRANSCORP, will he concede to defeat here too? Hope he's not the one that sold at premium again..because he's average price was less than N10... - Let's hope it's not planned work btw Oba and Otedola as well.....because those ogas can be something else. We see how it goes.....but whichever way, I think it's a win win for shareholders. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:53pm On Jul 07, 2023 |
yMcy56:It's possible he sold off at a very huge gain |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:58pm On Jul 07, 2023 |
megawealth01:Well, we'll know in coming days......but he couldn't have been the only seller (if at all he's the seller) cos his stake was 5.57% |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:03pm On Jul 07, 2023 |
Otudeko na bad news for the long term prospect of FBN. At 80 years what is he looking for? FBN lost it when he became the chairman of bank 9 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Harvestock01(m): 6:21pm On Jul 07, 2023 |
Frangel: The closed period is always before the public declaration of FS. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:23pm On Jul 07, 2023 |
emmanuelewumi: He wants to run things one last time, maybe. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:35pm On Jul 07, 2023 |
yMcy56:Otedola's hands must be tied right now by the closed period. He cannot buy nor sell. He can only wait till the q2 results are out |
Re: Nigerian Stock Exchange Market Pick Alerts by aj8(m): 6:36pm On Jul 07, 2023 |
Deadlytruth: Who offloaded is also important. Some of these transacts are actually rescue missions. TRANSCORP is no exemption. If the buyer has an eye for value, the buyer can transform the company positively, then magic can occur. Sometimes the magic takes a while to happen or may never happen. We must be guided by the F/ value of any stock. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 6:36pm On Jul 07, 2023 |
yMcy56: Sure Otedola did not have that volume. Oba has had strong influenced in FBN for quite a while. Possibly new sets of investors altogether are taking position. To gather that volume must have taken some time. All would be revealed in the next few days. |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 6:40pm On Jul 07, 2023 |
Harvestock01: Most (if not all) companies on NGX have current closed period from July 1 till 24hours after results are released. From first day after end of quarter till 24hours after results are released. Standard practice. |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 6:44pm On Jul 07, 2023 |
Mpeace:Q2 results |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 7:11pm On Jul 07, 2023 |
Frangel:Thank. Corrected |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 7:18pm On Jul 07, 2023 |
Frangel:I don't think they are new set of investors but Oba's faction...it's a planned work which they must have been planning since he was ousted from FBN board. We should expect counter action from the Adenuga/Adeduntan's faction as well. We needed to know Otedola's faction and who brought him in, or maybe he just saw opportunity and entered that time. We'll likely see rain of billions in coming days...... 11% no be moinmoin, let them sha come and mop up on the floor......retailers need to chop... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 7:46pm On Jul 07, 2023 |
yMcy56: And they waited till the closed period to execute when others cannot officially counter. Interesting days ahead. FBNH is a very huge business with many profitable subsidiaries. A giant in the sector, limited by insiders. Thanks for your insights. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 8:27pm On Jul 07, 2023 |
Frangel:Oga forget closed period, that rule is not for some people. - FIrst Bank's billionaire issue was an unfinished business......... especially now that the Former CBN governor has been suspended. - CBN had hands in the choice of Adeduntan as the Board chairman..... - It was a battle among 4 major billionaires, of which Adenuga must have somehow withdraw tactically.....now battle among Otedola, the Odukales and Oba Otudeko. - Now, Oba Otudeko has some billions to throw around from the sales of Honeywell possibly.....so he's probably staging a comeback, which may probably be met with resistance from the other parties/factions. * Needed to update myself again self. Well, we leave story for unfolding events... |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 10:09pm On Jul 07, 2023 |
yMcy56:Oba Otudeko becomes the largest shareholder in FBNH with 13.3% stake. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Ovamboland(m): 10:19pm On Jul 07, 2023 |
ositadima1: Those selling might have their eyes on another moving or about to move target 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Ajibade123(m): 10:36pm On Jul 07, 2023 |
yMcy56:Can we still buy first bank now |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:42pm On Jul 07, 2023 |
emmanuelewumi:Not really... I work for FIRST BANK... FIRST BANK had a great transformation under his watch as both chairman of FIRST BANK as a bank and GROUP 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:52am On Jul 08, 2023 |
https://nairametrics.com/2023/07/07/official-barbican-capital-limited-has-acquired-13-3-of-fbn-holdings/ Otedola never sell his own shares ooooo... The battle for the control of FIRST BANK still on? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Gfab20: 4:23am On Jul 08, 2023 |
Please can anyone help with information on what's happening with Sterling bank dividend payment? |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 5:05am On Jul 08, 2023 |
Ajibade123:@Ajibade123, YES we can buy FBNH now. However, be aware that the stock price has 50% chance of going up, and 50% chance of falling at the current price. Although, recent news' favours rising in price. 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 5:11am On Jul 08, 2023 |
AFRIPRUD. Buy, Hold, or Sell? https://businessday.ng/companies/article/africa-prudential-partners-newgen-on-digital-innovation/ 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:40am On Jul 08, 2023 |
megawealth01: It was under Muttalab as chairman and Ajekigbe as CEO. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:46am On Jul 08, 2023 |
FBNH * @Frangel - it wasn't new investors as earlier said....the shares were mopped from Oba's allies who must have acquired the shares for this particular purpose... It was pre-planned https://nairametrics.com/2023/07/07/exclusive-oba-otudeko-behind-4-5-billion-fbnh-shares-transfer/ 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 6:25am On Jul 08, 2023 |
International Breweries. Buy, Hold, or Sell? https://independent.ng/international-breweries-declares-43-7bn-gross-profit-at-46th-agm/ |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 6:54am On Jul 08, 2023 |
Thanks. I saw the news last night in a WhatsApp group I belong to. Still unfolding. yMcy56: |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 7:44am On Jul 08, 2023 |
Share the links to the Stock Market Whatsapp groups you belong to. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:52am On Jul 08, 2023 |
essentialone: From looking at the chart, I see sellers waiting to dump at around the 45.3 to 48.3 region. If the price breaks that resistance, then 60 may be possible. |
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