[quote author=Mankindman post=124351990]
Then you must be a new shell holder. Welcome to the trapping stock. You need to close eyes to sell at a loss.
It is difficult to see a holder of INTBREW that is not currently at a bar(minus). Bar 1, Bar 2, Bar 3 etc.
You must be a wizard to be at a plus. The company itself is at a heavy bar.
Be patient to spend at least 5 years mo



Am not sure you really Know the stock u are talking about. A stock that started with an IPO less than one naira.?? Many will have it with an average price of less than 5 naira!!

ojesymsym:
Sorry, how did you arrive at this? I do not think this is corre t

Here Zenith paid N3.10 for 2021 year end.
https://businessday.ng/market-intelligence/article/big-banks-dividend-comparison-gtco-zenith-uba-access/#:~:text=Bank%20analysis-,Zenith%20Bank,year%20period%20compared%20to%20N3.

Here, Stanbic paid a total of N3.5 for same period
https://tribuneonlineng.com/2022-stanbic-ibtc-records-n287-53bn-propose-n25-6bn-final-dividend/

Oh okay, you are looking at the absolute amount they paid but not comparing it to the share price.

In my own estimation, Zenith more ROI than Stanbic because you spend less with Zenith. Before this rally, Zenith was less than 25 naira and paying 3:20 naira whereas Stanbic was above 45 naira and paying 3:50.

Deadlytruth:

Here Zenith paid N3.10 for 2021 year end.
https://businessday.ng/market-intelligence/article/big-banks-dividend-comparison-gtco-zenith-uba-access/#:~:text=Bank%20analysis-,Zenith%20Bank,year%20period%20compared%20to%20N3.

Here, Stanbic paid a total of N3.5 for same period
https://tribuneonlineng.com/2022-stanbic-ibtc-records-n287-53bn-propose-n25-6bn-final-dividend/

[quote author=Krisuba post=124356969][/quote]
Maybe you can study the 10 years price movements and factor in the N1 IPO.
The graphs show declining patterns and currently at almost 10 years low, with the exception of those that bought at sub N4.00 in Q4 2020.
Those are the holders we can reference. Not people that bought before the merger of (Paboid, Onitsha and Ilesha) Breweries.
You can also use the 2019 Right offer as a reference, then I can confirm that you are indeed a wizard.

To whom it may concern

NGX - NOTIFICATION OF SUSPENSION OF SEVEN (7) LISTED COMPANIES

Dear Esteemed Investor,



The Nigerian Exchange Limited (NGX), in a bulletin released a few minutes ago, has notified the investing public that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which provides that:



“If an Issuer fails to file the relevant accounts by the expiration of the Cure Period , The Exchange will:



Send to the Issuer a “Second Filing Deficiency Notification” within two (2) business days after the end of the Cure Period;
Suspend trading in the Issuer’s securities; and
Notify the Securities and Exchange Commission (SEC) and the Market within twenty- four (24) hours of the suspension”,

trading in the shares of the seven (7) companies below has been suspended from the facilities of Nigerian Exchange Limited (NGX) effective today, Tuesday, 11 July 2023 having failed to file their Audited Financial Statements for the year ended 31 December 2022.

Afromedia Plc
Pharmadeko Plc
Royal Exchange Plc
International Energy Insurance Plc
C&I Leasing Plc
Presco Plc
Ardova Plc

In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above mentioned companies will only be lifted upon the submission of the relevant accounts, provided NGX Regulation Limited (NGX RegCo) is satisfied that the accounts comply with all applicable rules of NGX.



This is for your information and records update.



Thank you,



Best regards

ASI closed at 65,669.



Let us see if there will be a pull back before the end of the week

Ades1:


Hopefully this is the first thing Jagaban tackles! All rates should be the same! There is no need to have one rate for the rich & connected and another rate for the poor

Seer!!

emmanuelewumi:
ASI closed at 65,669.



Let us see if there will be a pull back before the end of the week

As predicted by you..65,000
Like ur outward conservative approach to analysis and predictions despite inwardly projecting a much better return

Was this value not your first target?

If my memory is right, you were expecting 65k ASI around December this year, if so, Christmas is coming earlier than expected

emmanuelewumi:
ASI closed at 65,669.



Let us see if there will be a pull back before the end of the week

Will they use Dangote or WAPCO? https://nairametrics.com/2023/07/09/fg-moves-to-repair-federal-roads-nationwide-within-6-weeks/

ojesymsym:
Was this value not your first target?

If my memory is right, you were expecting 65k ASI around December this year, is so, Christmas is coming earlier than expected

38 gainers 34 losers.


If there is no major pull back by the end of this week, I think 75k is achievable by the end of the year

Geregu power news https://nairametrics.com/2023/07/11/otedola-partners-lagos-state-and-afdb-to-develop-nigerias-first-ppp-power-transmission-project/

Brent @ $79.213 expect more upward movement in energy stocks.

thebargainhunte:
Brent @ $79.213 expect more upward movement in energy stocks.

Expect upward review of pump prices for pms.

Ades1:


Though I hold some Presco, this suspension was necessary!! How can they possibly justify their non reporting by now? Hopefully there is no mago mago going on

They bought over a rival local subsidiary SIAT Nigeria Limited (SNL) with over 15000hectares
of oil palm also in Rivers state(Elele and one other)..

The issue is in delay of reconciliation and consolidation of the finances of this subsidiary into a single financial statement as PRESCO

ebuka1997:
Geregu power news https://nairametrics.com/2023/07/11/otedola-partners-lagos-state-and-afdb-to-develop-nigerias-first-ppp-power-transmission-project/

I took a wise risk in premium stock

megawealth01:


Village people not involved if you don't need the money urgently... At at all you will get 2+ if you bought at 5+ because their delisting price is around 7 naira... You GERRIT

Please tell me more about oando ? who bought it ?. What of there shareholders if the stock is delist ?

locodemy:
Chams 1.38
Japaul 1.34
Caverton 1.75
Fbn 24.40

Caverton is a bit sluggish, needs to move faster

ihedioramma:
Please tell me more about oando ? who bought it ?. What of there shareholders if the stock is delist ?

Nobody has bought oando. What is happening is that the company core shareholder (Ocean and Oil Development Partners Limited) is offering to acquire the shares of all minority shareholders in a "Scheme of Arrangement" at the sum of N7.07k and subsequently delist the company shares from the NGX and JSE, i.e. they want to go private.

However, the minority shareholders or is it shellholders is contesting this in the court of law and the case/hearing has been adjourned till October this year. This is why oando has refused to move along with the bull because of the N7.07 price peg offered to minority shellholders in order to delist the company shares from the market.

ONE LOVE

Harvestock01:


Expect upward review of pump prices for pms.

Definitely since subsidy has gone

GSK dividend received finally...

.

It’s unfair to shareholders who bought oando shares at very high price for oando to go private by now oando will selling at very high price.

chimex38:


They bought over a rival local subsidiary SIAT Nigeria Limited (SNL) with over 15000hectares
of oil palm also in Rivers state(Elele and one other)..

The issue is in delay of reconciliation and consolidation of the finances of this subsidiary into a single financial statement as PRESCO

I get your point but this company is valued at 200 billion+, they can do better. This acquisition didn’t happen 3 months ago, I believe this happened like a year ago, and they are still having issues with consolidating accounts? Looks very unprofessional abeg, now that they have been suspend, did they put out a press release to address this? I don’t think so.

200 billion Naira company acting like some under bridge operation.

kolaish:
Nobody has bought oando. What is happening is that the company core shareholder (Ocean and Oil Development Partners Limited) is offering to acquire the shares of all minority shareholders in a "Scheme of Arrangement" at the sum of N7.07k and subsequently delist the company shares from the NGX and JSE, i.e. they want to go private.

However, the minority shareholders or is it shellholders is contesting this in the court of law and the case/hearing has been adjourned till October this year. This is why oando has refused to move along with the bull because of the N7.07 price peg offered to minority shellholders in order to delist the company shares from the market.

ONE LOVE

JAH BLESS .

jarkbauer:
It’s unfair to shareholders who bought oando shares at very high price for oando to go private by now oando will selling at very high price.

Fair and Nigeria don't go in the same sentence

NNPCL is set to sell its SHARES through an Initial Public Offer in line with PIA. Guys be ready to buy when they are ready. Be part of history and enjoy your retirement in future.

Saw this on twitter. How true pls?

bibs4all:
NNPCL is set to sell its SHARES through an Initial Public Offer in line with PIA. Guys be ready to buy when they are ready. Be part of history and enjoy your retirement in future.

Saw this on twitter. How true pls?

Very true sir

But the retirement plan is what I doubt.

It isn't the same NNPC (we use to know) that enriched the politicians.

It is better to see their books and analyse carefully to determine when to buy.

But buying the IPO is a NO NO for me.

My thoughts sha

.

bibs4all:
NNPCL is set to sell its SHARES through an Initial Public Offer in line with PIA. Guys be ready to buy when they are ready. Be part of history and enjoy your retirement in future.

Saw this on twitter. How true pls?

Not anytime soon as some serious housekeeping needs to be done on its books. At minimum may be next two years.

Coolcash1:


Not anytime soon as some serious housekeeping needs to be done on its books. At minimum may be next two years.

It was supposed to be offered last month, but for the new administration. Timeline was shifted by one year by the previous gov't.