Question for NASD Active players, is there a broker that has live trading platform option or fast execution looking for alternative to Investment one ( I am aware You are not liable for your suggestions... as well as if there's no offer there's nothing to buy) .Thanks for your suggestion.

megawealth01:


If only people know CUTIX ? That company is gold to me

Not a recommendation oooooo

Make sure you take position in CAVERTON as well.Caverton is my top stock pick for this half year 2023.

Hogwarthtrades:
Question for NASD Active players, is there a broker that has live trading platform option or fast execution looking for alternative to Investment one ( I am aware You are not liable for your suggestions... as well as if there's no offer there's nothing to buy) .Thanks for your suggestion.

The NASD platform is not liberalized like the main NGX. Investors can't trade directly on the NASD platform you have to send your order to your stockbroker to be executed when there is availability of the stock. The NASD is not a very active platform so trade execution there is very slow compared to the main board. The majority of the deals in NASD are by cross deals or you just have to be patient. 95% or more of the investors in NASD are long-term players or owners, They hardly sell. I know someone that wish to buy ASL for up to two months now he's yet to get a seller.
It's even not all stockbroking firms that play NASD.

I also need this information. If anyone has info kindly advise. Thanks in anticipation

Hogwarthtrades:
Question for NASD Active players, is there a broker that has live trading platform option or fast execution looking for alternative to Investment one ( I am aware You are not liable for your suggestions... as well as if there's no offer there's nothing to buy) .Thanks for your suggestion.

locodemy:


Make sure you take position in CAVERTON as well.Caverton is my top stock pick for this half year 2023.

Have you forgotten I called it out?

emmasoft:


The NASD platform is not liberalized like the main NGX. Investors can't trade directly on the NASD platform you have to send your order to your stockbroker to be executed when there is availability of the stock. The NASD is not a very active platform so trade execution there is very slow compared to the main board. The majority of the deals in NASD are by cross deals or you just have to be patient. 95% or more of the investors in NASD are long-term players or owners, They hardly sell. I know someone that wish to buy ASL for up to two months now he's yet to get a seller.
It's even not all stockbroking firms that play NASD.

True

megawealth01:


Have you forgotten I called it out?

Okay, I have been considering some positive news in the oil and gas sector which caverton plc is also involved.

Africa's offshore rigs count climbs to new highs amidst drilling frenzy https://www.energyconnects.com/opinion/features/2023/june/africa-s-offshore-rigs-count-climbs-to-new-highs-amidst-drilling-frenzy/

megawealth01:
If only people know CUTIX ? That company is gold to me Not a recommendation oooooo

good prospect!

emmasoft:

The NASD platform is not liberalized like the main NGX. Investors can't trade directly on the NASD platform you have to send your order to your stockbroker to be executed when there is availability of the stock. The NASD is not a very active platform so trade execution there is very slow compared to the main board........ It's even not all stockbroking firms that play NASD.

I totally hear you, the challenge is just trust factor with brokerage house that wouldn't screw you over by front running your position when they see large volume anticipated.

agbekoya:
I also need this information. If anyone has info kindly advise. Thanks in anticipation

I am only aware of Stanbic, Investmentone and Unitedcapital. I am sure there's more, I am trying to get opinion/ review of people using their service to guage which one to use as a second firm to go with as backup. YOu can track your positions with csccs annual subscription to be sure the math is mathing for acquisitions else na one yansh man dey be dat (credit to the nairalander that says => Igi Paw-Paw oni wo pa wa oh

Thanks a ton!

customstreet:


1. Get your right circular
2. Approach your broker with it. Fill it together with verification form and this will be sent to Registrar
3. After verification, it will be returned to your broker for trading on the floor
4. NGX then create a trading platform where the right will be traded. There is no price range. You buy and sell at any demanding and supplying market price
5. The base right price is determined by juxtaposing the market price and right price against right units and existing units
6. After trading on the floor, your right trading price will be paid to your account after removing charges
7. Thereafter, your broker send the list of all the right traded to the exchange for noting and exchange approval
8. Then your right circular which had earlier been verified by the registrar, noted and stamped by the exchange would then be officially sent back to the Registrar

I have done right trading on CHAMPION BREWERIES, NEIMETH PLC AND UNILEVER PLC right issue in the past

Hello All,

Transcorp may likely do MTO by buying back 4% of it shares Soon. The price would likely be between the current price and what Otedola was paid.
Due diligence required

This Eterna free fall just weak me and my homegirls

customstreet:
Hello All,

Transcorp may likely do MTO by buying back 4% of it shares Soon. The price would likely be between the current price and what Otedola was paid.
Due diligence required

Better they pay us #12 and take the company private.
It's like they have started already.The volume I am seeing since last week is saying something but they don't want it to go above 4 pin

Ginalex:
This Eterna free fall just weak me and my homegirls

Come with all your homegirls
Your strength shall be renewed like the Eagles'

Agbalowomeri:


Come with all your homegirls
Your strength shall be renewed like the Eagles'

Are you saying there's light at the end of the tunnel?. I don tire to dey average don😩😩

customstreet:
Hello All,

Transcorp may likely do MTO by buying back 4% of it shares Soon. The price would likely be between the current price and what Otedola was paid.
Due diligence required

@customstreet your expo here has always been usefull

OBAGADAFFI:



@customstreet your expo here has always been usefull

Very useful

Good afternoon @ customstreet. Any update on Dangote Foods Listing.
Thanks for all your useful expo
God bless your handwork and labour.

OBAGADAFFI:



@customstreet your expo here has always been usefull

eziokwunwoko:
Good afternoon @ customstreet. Any update on Dangote Foods Listing.
Thanks for all your useful expo
God bless your handwork and labour.

I learnt that It would be concluded before the end of third quarter.

But I will advise you set December as your holding period

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

Ginalex:
This Eterna free fall just weak me and my homegirls

Don't average again.
keep your cash and observe the bid pressure and offer pressure.
If the offer pressure is high , look away and don't average.
When both stabilize, you will know the last bus top to average
Note: Pa Emma mention FV @11

customstreet:


I learnt that It would be concluded before the end of third quarter.

But I will advise you set December as your holding period

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

You mean he should Japa after December?

I bought Dangote Sugar at N37.50. Should i hold.

customstreet:


I learnt that It would be concluded before the end of third quarter.

But I will advise you set December as your holding period

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

Mfunkynation:

Don't average again.
keep your cash and observe the bid pressure and offer pressure.
If the offer pressure is high , look away and don't average.
When both stabilize, you will know the last bus top to average
Note: Pa Emma mention FV @11

thank you so much sir

eziokwunwoko:
I bought Dangote Sugar at N37.50. Should i hold.

Dangsugar will go pass 40 in the near term, don't sell at a loss now. My opinion sha.

Mfunkynation:

Don't average again.
keep your cash and observe the bid pressure and offer pressure.
If the offer pressure is high , look away and don't average.
When both stabilize, you will know the last bus top to average
Note: Pa Emma mention FV @11

Hopefully it should be a good buy at N15 and below, please do your due diligence

Ginalex:
Are you saying there's light at the end of the tunnel?. I don tire to dey average don😩😩

Eterna will enter buying zone from tomorrow, technically speaking.

Next time, average down with TA.

Shareholders approve FBNH’s proposed N150 billion additional capital raise.


.........""That Clause 6 of the Memorandum of Association of the Company be amended to reflect the newly issued share capital of 22.435 billion by the creation of 8.974 billion Ordinary shares of 50 Kobo each”. 
“That the Directors’ fees for the financial year ending December 31, 2023, and for succeeding years, until reviewed by the Annual General Meeting, be fixed at N50 million for each Director and N63.7 million for the Board Chairman That the Company’s Issued Share Capital be increased from N17.948 billion made up of 35.895 billion Ordinary shares of 50 Kobo each to N22.434 billion by the creation of 8.974 billion Ordinary shares of 50 Kobo each”.  .............

https://nairametrics.com/2023/08/15/shareholders-approve-fbnhs-proposed-n150-billion-additional-capital-raise/

customstreet:


I learnt that It would be concluded before the end of third quarter.

But I will advise you set December as your holding period

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

Hold DangoteSuger o.

Dangote food price might be higher that N50 after listing.

vacanci:

Shareholders approve FBNH’s proposed N150 billion additional capital raise.


.........""That Clause 6 of the Memorandum of Association of the Company be amended to reflect the newly issued share capital of 22.435 billion by the creation of 8.974 billion Ordinary shares of 50 Kobo each”. 
“That the Directors’ fees for the financial year ending December 31, 2023, and for succeeding years, until reviewed by the Annual General Meeting, be fixed at N50 million for each Director and N63.7 million for the Board Chairman That the Company’s Issued Share Capital be increased from N17.948 billion made up of 35.895 billion Ordinary shares of 50 Kobo each to N22.434 billion by the creation of 8.974 billion Ordinary shares of 50 Kobo each”.  .............

https://nairametrics.com/2023/08/15/shareholders-approve-fbnhs-proposed-n150-billion-additional-capital-raise/

By ordinary man calculation, the rate should be 16.7 naira per share. But who knows?

Mpeace:
By ordinary man calculation, the rate should be 16.7 naira per share. But who knows?

them don dilute ogogoro with water. na plenty more shares go dey contend for dividend now.

the price suppose go down

customstreet:
Hello All,

Transcorp may likely do MTO by buying back 4% of it shares Soon. The price would likely be between the current price and what Otedola was paid.
Due diligence required

How much was ote paid

Thank Emmasoft and Hogwarthtrades for your responses about the NASD question.

Ginalex:
Are you saying there's light at the end of the tunnel?. I don tire to dey average don😩😩

Wow! Sorry for this.
Please make dem allow the poor man to breath oooo, they should stop suffocating them......

This market can be irrational sometimes......
The continuous free fall is no longer justified by the financials but by some other factors which may be internally related.

ETERNA and Dangsugar commItted same offence but merger news was able to save Dangsugar on time....

When GT was falling uncontrollably before it eventually started the rally that now took it to 37, it got to a point that it was glaring the dumping had to do more with internal issues.

You're not alone here, just keep the hope alive....
One thing I know is that, it will get to a stage where they'll be tired and will allow the stock to breathe......
Hopefully, TA as pointed out by Agba and Oga BBM will see it stabilize this week and start moving the price up.
Also, the activities there today was somehow a pointer to the falling coming to an end...... hopefully.