OBAGADAFFI:
Chams Switch, a Fintech subsidiary of Chams Holdco Plc has been licensed by Union Pay International, the world’s largest card network, to spearhead international payments for UnionPay cards issued by Nigerian banks.

stcool:


My entry is timely, as I wanted to see a catalyst for a price increase before entry, either as a result of profit or rights issue. The right issue confirms it for me.

A successful rights issue should see them pay down debt and return to profit. Although a long term play, but also looking positive near term.

Awaiting the price for the rights issue.

That year for SMN..na this stock KnightofDelta take confirm say Oga na Oga

ositadima1:


Is any of these true?

TIP is actively expanding its service offerings within the waste management sector. This includes initiatives like:

E-waste recycling: TIP operates the first and currently only e-waste processing plant in West Africa.

Sewage management: TIP has secured a 15-year concession for sewage management in a Nigerian city.

Produced water management: TIP is negotiating a 10-year concession for produced water management with a major oil company.

sonofElElyon:


Plesse do. Interested

Locotrader:


Sometime in November, their MD was interviewed.Just read about their investment in Uganda.They have a 40% stake in the Initiates Uganda which is on a 5 yr contract with Total energies Uganda.

Pls they don't have stakes in any oil company rather they are in contract with them.

Ossai: Domestic, Industrial Waste Management Must Be Given More ... https://www.thisdaylive.com/index.php/2023/11/27/ossai-domestic-industrial-waste-management-must-be-given-more-attention?amp=1

vacanci:


Can we have their past 5 years report so we can see how far they have been growing. This can help us understand if this projection of theirs is not just on paper

thebargainhunte:
Make dangote pity us. Everything dey shake body for this market.

megawealth01:


Send me a mail if you have my email

veecovee:

I never still see your reply

megawealth01:
BREAKING: Dangote refinery begins production

https://punchng.com/breaking-dangote-refinery-begins-production/

Dangote wants to remain the richest man in black history by all means and the government is helping him achieve that

Mpeace:
I am happy you highlighted the bolded.
For those pointing at the efcc fx investigation, government will not alliw anyone touch dangote

yMcy56:
I think we should just be watching out for bargain entry again despite the red in the market.

* So far, Over 2bn transactions had exchanged hands in each of the f.u.g.a.z (aside FBNH)
* If we say people are selling, it means people are also buying as it's dipping.....

* For instance GTCO is close to 3bn Naira in transaction as at now N2.9bn+), by my understanding, if 1.5bn was in Cross dealings as well as sales, then it means the remaining 1.5bn bought......
Make una no mind my pry School analysis of the trades....

** Those in profit and who are traders could just follow their strategies.....

** Pastor Vee, mail replied sir.

ositadima1:
It is very surprising how data can reveal patterns that validate logical assumptions.

Below is a screenshot showing the percent deviation from the proposed 12 Nascon to 11 DangSugar ratio. You can see how the market has maintained this deviation between +5% and -5% starting in late August, coinciding with the announcement date of August 30th.

Even though the market does not fully agree on the price given its oscillation, it has maintained proportionality close to the announced ratio.

As of yesterday, we have a +4% deviation in favor of Nascon. I can assure you that one of two things will happen next week.

Either Nascon will fall below 60 or DangSugar will break its highest level of 70.

Edited: From the chart, I also noticed that the two stocks were already moving to align before the announcement date. Is this some form of inside trading? Have some people gotten the news before others?

ositadima1:
It is very surprising how data can reveal patterns that validate logical assumptions.

Below is a screenshot showing the percent deviation from the proposed 12 Nascon to 11 DangSugar ratio. You can see how the market has maintained this deviation between +5% and -5% starting in late August, coinciding with the announcement date of August 30th.

Even though the market does not fully agree on the price given its oscillation, it has maintained proportionality close to the announced ratio.

As of yesterday, we have a +4% deviation in favor of Nascon. I can assure you that one of two things will happen next week.

Either Nascon will fall below 60 or DangSugar will break its highest level of 70.

Edited: From the chart, I also noticed that the two stocks were already moving to align before the announcement date. Is this some form of inside trading? Have some people gotten the news before others?

jaybee3:


Correlation doesn’t always equate to causation though

What’s the mean daily variance pre vs post News

Btw, are you a data analyst?

megawealth01:
In all you do please don't invest in only two stocks no matter how promising they are... Learn percentage investment or better still investment by PERCENTAGE...

Have at least 10 fundamentally healthy stocks in your portfolio... E get why!!!

Many of you will remember this in years to come

unite4real:


If Nascon should fall below 60, it means from the ratio, sugar should fall below 65.
Considering the scheme for the merger.
Since every 12 Nascon equals 11 sugar

I think as of yesterday, NASCON is cheaper to buy compared to Sugar.
Since Sugar was selling for 68.20, it means that Nascon should be about 62.5. Nascon sold at 60 which is below the price it should sell compared to Sugar.
So if price of sugar does not move by next week, investors should look at buying Nascon at current price and it should move up to be at par.
Should sugar move to 70, Nascon should move to around 64.
If the sentiment for next week is to buy either Nascon or sugar, it is advisable for investors to go for Nascon as early as possible before the price meets up with sugar rationally

ositadima1:


Yes, you are correct - either Nascon goes up or Sugar goes down to maintain the ratio. I make interpretation mistakes like this when I am busy and typing fast, but I am sure Sugar will cross 70 for another reason. Thanks!

ositadima1:


It is only logical that the two stocks must be priced in relation to the proposed announcement, even when the actual listing price is not known.

And since we know that DangSugar is the stock that is going to absorb the others, DangoteFoods' listing price should be very near DangSugar's or exactly it.

A huge variation of Nascon, especially below, from DangSugar would be a sure opportunity. So, I plotted the daily variations and noticed that it maintained close proximity to the proposed ratio.

On the other hand, I am a hobbyist stock data analyst. I ask questions and try to use statistics and stock data to answer questions as my power reach.

megawealth01:
In all you do please don't invest in only two stocks no matter how promising they are... Learn percentage investment or better still investment by PERCENTAGE...

Have at least 10 fundamentally healthy stocks in your portfolio... E get why!!!

Many of you will remember this in years to come

megawealth01:
In all you do please don't invest in only two stocks no matter how promising they are... Learn percentage investment or better still investment by PERCENTAGE...

Have at least 10 fundamentally healthy stocks in your portfolio... E get why!!!

Many of you will remember this in years to come

jaybee3:


Volume of transactions is moving the price and it’s definitely interesting to see the perceived correlated pattern emerge

I don’t think the volume of transactions (post news) that directly correlates with price, can be manipulated to maintain the deviation. Hence my correlation doesn’t always equate to causation comment

To further test your hypothesis and validate the outcome as true positive, i have basically asked that you increase the scope of period used in extracting the daily deviation. This will allow us confidently and logically conclude the behavior is somehow related to the news even though it’s still an oddity

ositadima1:


**In the second chart I extended the data points back to 2020. Interestingly, there appears to be another pricing relationship from 2020 to 2022-03 of roughly 12 units of salt for every 10 units of sugar. I'm not sure if that is just coincidence.

ositadima1:


The analysis to determine if the proposed merger terms of 12 units of salt for every 11 units of sugar were reflected in actual market prices. Here are the steps I took:

**I set up a function to represent the proposed ratio of salt to sugar prices: salt = (11/12) x sugar. This allows me to calculate the expected salt price for any given sugar price based on the proposed terms.

**I then plotted the ratio (11/12 x sugar/salt - 1) x 100 over time. This normalizes the pricing ratio to 0 when the actual prices reflect the proposed terms.

**I added a red reference line at 0 on the chart, representing perfect accordance with the proposed 11:12 ratio.
The data shows that actual market prices started aligning with the proposed ratio within +/- 5% around the time the merger announcement was made. This suggests the market began pricing in the expected terms.

**In the second chart I extended the data points back to 2020. Interestingly, there appears to be another pricing relationship from 2020 to 2022-03 of roughly 12 units of salt for every 10 units of sugar. I'm not sure if that is just coincidence.

**I can provide the Python code and data to allow independent verification of my analysis. Please let me know if you would like me to share those.

Conclusion: The market data suggests traders began pricing salt and sugar based on the proposed merger ratios around the deal announcement.