ogoo4real:


Any cross deal UpTo a 100k to change the price

See this people. Just chopping their money.

ogoo4real:
Any cross deal UpTo a 100k to change the price

More than enough self.....

If Christmas come and una no give me hamper for hia ehnnn.......make I reserve my comment first....

yMcy56:

More than enough self.....

If Christmas come and una no give me hamper for hia ehnnn.......make I reserve my comment first....

How do you get access to Morgan, with privacy issues caused by expired license, or you just open it with all the warnings?
Anyway, well done

Everything Ote $ touches is gold while it last .

But my God will judge Morgan

yMcy56:

More than enough self.....

If Christmas come and una no give me hamper for hia ehnnn.......make I reserve my comment first....

🥰🥰🥰

FBNH!FBNH!! FBNH!!!

61,710,833 units of shares worth about N987.5 million was traded at the counter of UAC of Nigeria today... Any thing cooking in their kitchen?

onegentleguy:
On GLAXOSMITHKLINE Nigeria:

A brief...
As I stated before now; twice I put up a very important post on GSK here, twice I got banned and the post also taken down.

I've just been informed that many of the concerns I raised then including the near 1 probability of an upward price review in view of the coys exit part have been highlighted and could be addressed at the court ordered meeting today.
(I did some extrapolations and estimates using certain key lines in their financial print)

As I also stated then; most of the company's product (ref: over 90%) have skyrocketed in price, many witnessing as high as btw 370--500% jump.
For instance, one of their prescription antibiotic, AUGMENTIN (used for the treatment of a wide range of bacteria causing infections) has risen from N4,500 prior to the announcement of their exit plan to over N23,000 at the moment. (N25,000 and and above in some places)
...so also are most of their fast selling product (i.e Ventolin, Advair etc) and even their H&PC products (i.e Sensodyn)
Granted, many healthcare products (like every other commodity) has gone up in price due largely to the surrounding macroeconomic dynamics but that of GSK have been up even more.

Many of these upward adjustment in price occurred in H2, 2023 (in the last 6 months) and should reflect in their books as wider RM, GPM, NOI...
Again the recent surge in demand for these products (occasioned by the resultant disequilibrium in the demand-supply chain) must have brought about an improvement in CCC, CGPR, CROIC/ROCE, JPBG and ROAE/EM... a positive for shareholders in that timeframe.

Interestingly, the coy had what I consider a good inventory "level" with a QoQ improvement in InVT in the period leading up to the announcement.

GSK can not "eat" all that money alone.
The BoDs will need to add something worthy to that N17.42
The shareholders should insist on getting more!

By the way, congratulations to the 1st set of buyers who checked in @ N5+. Sure it was worth the wait!

Those who ordered for the complete investment outline had a brief analysis and guide on this and much more... they know how to better approach the market!
...I gave out so much more in the outline!

CAVEAT: NOT to be inferred as any sought of recommendation. ...the need for due diligence should still take higher precedence ahead of this post.

Selah

Update on GSK;

Apparently, there'll be no immediate top-up on the initially proposed cash distribution of N17.42. (shareholders could not hold their ground on this one)

However, the BoDs will approve a final payment from asset sale, projected to be in the region of N4 Billion (>/= N4B)
My estimate on this is a Naira equivalent of btw N4.6--6.20 per share distribution to shareholders.

There's also the not-so-clear part about some form of allotment to shareholders in proportion to one's equity holding as derived from the creation of the equivalent of the company's distribution reserve through a share reorganization exercise amounting to N2,000,000,000 in FV. (200,000 units of 50k each @ N100,000 p/s. (one needs to get the document that further expanciates on this part)
Sharing to shareholder's will be executed by it's trustee, FBNQuest.

The 1st cash distribution of N17.42 is expected to be paid no later than Dec 28, 2023.
...still a HOLD for us!

It is well

ogoo4real:


Any cross deal UpTo a 100k to change the price

Truly the first

Fbn may eventually become the first bank in Nigeriaoooo.

BabsO2:


At this rate (following CBN recapitalization vision for $1T economy) current FBNH rights issue may be canceled and replaced with a fresh one at a higher price like N25 or more in a year or two.

With FBNH closing at N26.75 today, with very heavy momentum. The earlier planned rights is looking obsolete. A new price like + N30 may be the plan for the rights. A price closer to book value.

The FBHN trajectory makes common sense only through a bonus issuance. May be a dividend of N1.50 and a 1:4 bonus in which case a price target of N30.00-N32.00 would make sense.

Please this is not an investment advice. Hopefully an intelligent guess.

Looks like Morgan capital is back

aj8:
The FBHN trajectory makes common sense only through a bonus issuance. May be a dividend of N1.50 and a 1:4 bonus in which case a price target of N30.00-N32.00 would make sense.

Please this is not an investment advice. Hopefully an intelligent guess.

Bonus issue? Whilst doing a right issue as well. Very highly unlikely if management is sensible.

If I was a shareholder and the company did this, I would sell my shares the very next day...

Ojoboak:
How do you get access to Morgan, with privacy issues caused by expired license, or you just open it with all the warnings?
Anyway, well done

I wasn't opening with the privacy issue but viewing from another house.

Meanwhile, Morgan is back!

aj8:
The FBHN trajectory makes common sense only through a bonus issuance. May be a dividend of N1.50 and a 1:4 bonus in which case a price target of N30.00-N32.00 would make sense.

Please this is not an investment advice. Hopefully an intelligent guess.

Bonus issue is out of it oo.....
With over 35B OS?
I don't think so.

yMcy56:

I wasn't opening with the privacy issue but viewing from another house.

Meanwhile, Morgan is back!

...with a change of host with a 2 years licence. They should not tell us they will not see a reminder before 5 Jan 2025.

Happy Trading all!

yMcy56:

I wasn't opening with the privacy issue but viewing from another house.

Meanwhile, Morgan is back!

Waooo... All eyes on FBHN today. Will it be able to sustain +5% or +10% gain today

Finally Morgan is back

Following the "anywhere Ote$ face" technical analysis , you would have been up over a 1000%.

IYGEAL:


Oga Meshpips did some recommendations here that worked. He recommended Guinness to me which I sold hastily for liquidity reasons.

I recall he had some bet (no money involved) with RabbiDoracle and did acknowledge defeat when Oracle won.

Shoutout to Oga fxuser too.

...wonderful Analyst. His presence is genuinely missed on this platform!!!

onegentleguy:


Update on GSK;

Apparently, there'll be no immediate top-up on the initially proposed cash distribution of N17.42. (shareholders could not hold their ground on this one)

However, the BoDs will approve a final payment from asset sale, projected to be in the region of N4 Billion (>/= N4B)
My estimate on this is a Naira equivalent of btw N4.6--6.20 per share distribution to shareholders.

There's also the not-so-clear part about some form of allotment to shareholders in proportion to one's equity holding as derived from the creation of the equivalent of the company's distribution reserve through a share reorganization exercise amounting to N2,000,000,000 in FV. (200,000 units of 50k each @ N100,000 p/s. (one needs to get the document that further expanciates on this part)
Sharing to shareholder's will be executed by it's trustee, FBNQuest.

The 1st cash distribution of N17.42 is expected to be paid no later than Dec 28, 2023.
...still a HOLD for us!

It is well

This is confusing.

Is GSK paying N17.42 or btw N4.6--6.20 per share?

Kindly clarify.

GSK is paying N17.42. The company is however first going to pay N8.20 and then the balance of N9.92.

OBAGADAFFI:


This is confusing.

Is GSK paying N17.42 or btw N4.6--6.20 per share?

Kindly clarify.

Pls is my system or is Mecure not listed today on morgan capital itrade?

Mpeace:
Pls is my system or is Mecure not listed today on morgan capital itrade?

Mecure is there

FBNH
First Bank @29.40!
Wow! Full bid so far...... Elephant crushing everything along it's path.....

UBA @21.40...
ACCESS @19.75/19.80 .....getting close to UBA


* If Elephant continues like this, in 2 days time, it will meet ZENITH......
The accumulation strength is still there, even @29.40.......quite a lot of cross deals....

* UBA don vex oooo...... sighted @23!!

** The tier 1 banks celebrating their Christmas early, next in line are the tier 2, then the smaller ones should follow.... lol.

Mpeace:
Pls is my system or is Mecure not listed today on morgan capital itrade?

listed under Growth Sector where TIP and MCnichol are.

kolaish:
listed under Growth Sector where TIP and MCnichol are.

ooooh thanks. I was looking at EQTY

rebekah2011:
GSK is paying N17.42. The company is however first going to pay N8.20 and then the balance of N9.92.

I don't think so. I think they are paying 17.42 on the 28th of December and a possible further payout before the end of the 1st quarter 2024

yMcy56:
FBNH
First Bank @29.40!
Wow! Full bid so far...... Elephant crushing everything along it's path.....

UBA @21.40...
ACCESS @19.75/19.80 .....getting close to UBA


* If Elephant continues like this, in 2 days time, it will meet ZENITH......
The accumulation strength is still there, even @29.40.......quite a lot of cross deals....

* UBA don vex oooo...... sighted @23!!

Normal FBNH movement; slow and steady Elephant movement to its destination

Meanwhile, FBNH is waking up UBA

aj8:
The FBHN trajectory makes common sense only through a bonus issuance. May be a dividend of N1.50 and a 1:4 bonus in which case a price target of N30.00-N32.00 would make sense.

Please this is not an investment advice. Hopefully an intelligent guess.

Every advice on this thread is an investment advice!

FBNH
Elephant as at now.......Up with +2.65!

Wheres that Oga that we were begging to exercise patience?

* ACCESS crossed 20 already.......@20.20! .....20.75......21!

ACCESS......almost meeting up with UBA.

Elephant waking ZENITH up small small.....