₦airaland Forum

KarlTom:
Same question I have been asking.
Could be hackers too...

More likely human error inputting the wrong bid units than hacking. Example, broker keys in the CSCS account number in the volume field instead. Not new.

Looks like they sold directly from your friend's account. He should check his statement so they don't pass any of the costs to him.

Tpharell:
Seplat!

Yes oh. SEPLAT gave us 295 per share today. We look up for more in days to come

ndept:
Call MPeace. He is a director in Seplat

Lol. If I be director for seplat with my 200 units, wetin you go call Pa Emma, yMcy56 and others wey get hundreds of thousnds of units

Which is better between trading stocks individually and operating an equity mutual fund account?

Airtel equally did 10% today. I don't know why mtn is just falling in price

I expect a rise after the AFS is released...

Mpeace:
Airtel equally did 10% today. I don't know why mtn is just fallung in price

KarlTom:
I expect a rise after the AFS is released...

But fx losses for nigerian companies will continue even in q1 2024 due to continuous devaluation of the Naira.
So its really hard to say what happens after AFS. But I expect them to be consistent in dividend payout.

Possible. Someone's head might roll for such an error...

Man's shocked being a newbie...

Frangel:
More likely human error inputting the wrong bid units than hacking. Example, broker keys in the CSCS account number in the volume field instead. Not new.

Looks like they sold directly from your friend's account. He should check his statement so they don't pass any of the costs to him.

FX losses will only adversely affect coys without foreign links (branches, assets, etc). Yes the big players will record 'FX losses' but they will also capitalize on these 'losses'.

FBNH did just that and I believe other big players like the Dangote Group will do likewise...

Mpeace:
But fx losses for nigerian companies will continue even in q1 2024 due to continuous devaluation of the Naira.
So its really hard to say what happens after AFS. But I expect them to be consistent in dividend payout.

KarlTom:
Possible. Someone's head might roll for such an error...

Man's shocked being a newbie...

😁 He should not be worried. Must have been an error the broker made. He should just be sure he doesn't take any of the costs.

To be certain, he should call them on what he observed. The firm could have just crossed the whole units to their portfolio and sell from there. But I guess trying to cut costs/losses.

How good is T212. Is their service reliable? especially for those of us with tashere funds.
Can I come to your DM?

Mankind2024:
In 2013, I requested Meristem to adjust my buying fee to 0.5% based on the benchmar @Morgan, they replied that they can only consider if my portfolio worth is N100M, at the time I was struggling to build an investment portfolio of N1m, fast and forward portfolio is smiling @ over a quater NGN Bili.
Just waiting to cross the N0.5B b4 requesting morgan to adjust the current 0.5% to 0.25%.
U will all know once it is granted.
Investing for free is the ultimate.
T212 platform does not charge Nigerian investors for global stock exchanges any commission. I was lucky to have opened an account with them in 2019.
As at today, Nigeria is no longer among the countries they accept.

Japan economy officially enters RECESSION...

Ding!

KarlTom:
Japan economy officially enters RECESSION...

i just saw the news flash online.Japan has been going through a lot of late. From that tsunami to earthquakes of recent. l am also concerned about our country Nigeria .Omo l no know wetin to talk again.l am worried,afraid and speechless.What have we gotten ourselves into?

BUAFOODS @325
GEREGU @819.80......Up with +49.80



Btw, Seun needs to do something about this Cloudfare .....this site was off for sometimes now...... showing error 502 or so.

FG hopes to borrow N2.5 trillion from FGN Bond auction in February

https://nairametrics.com/2024/02/14/fg-hopes-to-borrow-n2-5-trillion-from-fgn-bond-auction-in-february/

NASCON
So far, there's no published newsletter on NGX for Board Meeting....
Can we say there won't be any more Board Meeting from NASCON, and that, the final dividend from NASCON will come from DANGFOODS as Interim Div.....together with that of DANGSUGAR?
Let's be watching sha....
The Board Meeting of Sugar will throw more light on this.
Just thinking out loud ni o.

Market dancing sideways like a village bride relocating to the city. It may continue like this until declaration of audited results and dividend by companies from February 27th upward.

yMcy56:
NASCON
So far, there's no published newsletter on NGX for Board Meeting....
Can we say there won't be any more Board Meeting from NASCON, and that, the final dividend from NASCON will come from DANGFOODS as Interim Div.....together with that of DANGSUGAR?
Let's be watching sha....
They Board Meeting of Sugar will throw more light on this.
Just thinking out loud ni o.

Feb.28th

Very correct!
Everything seems to indicate that NASCON and Rice have already been absorbed (just waiting for official declaration).
Even DS did not release UFS for Q4 2023.
Let's wait for the outcome of the Board Meeting on 28th Feb...

yMcy56:
NASCON
So far, there's no published newsletter on NGX for Board Meeting....
Can we say there won't be any more Board Meeting from NASCON, and that, the final dividend from NASCON will come from DANGFOODS as Interim Div.....together with that of DANGSUGAR?
Let's be watching sha....
The Board Meeting of Sugar will throw more light on this.
Just thinking out loud ni o.

This too...

KarlTom:
The Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has disclosed that two companies in the Dangote Industries Group will be listed on the exchange soon.

Kwairanga made this revelation on Tuesday during a closing-gong ceremony in honour of the Senate Committee on Capital Market and Institution’s visit to the NGX headquarters in Lagos.

He said, “As at last week, the president of Dangote assured me that the Dangote Refinery is going to be listed on this market very soon. He also said that apart from the refinery, he is going to list the fertiliser company (Dangote Fertiliser Limited). This is a commitment from the private sector...

https://punchng.com/dangote-to-list-refinery-fertiliser-companies-ngx-group-chair/

KarlTom:
This too...

Hmm interesting very interesting.

[quote author=KarlTom post=128455186]I expect a rise after the AFS is released...

[/qruote

KarlTom:
Very correct!
Everything seems to indicate that NASCON and Rice have already been absorbed (just waiting for official declaration).
Even DS did not release UFS for Q4 2023.
Let's wait for the outcome of the Board Meeting on 28th Feb...

Technically, NASCON doesn't seems to exist anymore.
Let's keep waiting for update from that angle.
Anyone trying to enter DANGFOODS should be buying until an official announcement is made......and suspension placed on them.

yMcy56:
Technically, NASCON doesn't seems to exist anymore.
Let's keep waiting for update from that angle.
Anyone trying to enter BUAFOODS should be buying until an official announcement is made......and suspension placed on them.

Dangfoods you mean

yMcy56:
Technically, NASCON doesn't seems to exist anymore.
Let's keep waiting for update from that angle.
Anyone trying to enter DANGFOODS should be buying until an official announcement is made......and suspension placed on them.

should there not be a court ordered shareholders meeting first?

Can anyone explain how is it there is best bid of 23.55 sitting with best offer of 23.10 for access bank? I mean bids are higher than offers but no trade?

vacanci:
should there not be a court ordered shareholders meeting first?

The two companies already agreed to a merger.
We'll get update as time goes on.
https://doclib.ngxgroup.com/Financial_NewsDocs/39369_NASCON_ALLIED_INDUSTRIES_PLC-UPDATE_ON_PROPOSED_MERGER_CORPORATE_ACTIONS_AUGUST_2023.pdf

Meanwhile, some insider activities observed in TRANSCORP ......sold down to 12.05 but bids keeps showing up at that junction too.

Definitely!

tayejay:
I expect a rise after the AFS is released... grin

Tpharell:
Can anyone explain how is it there is best bid of 23.55 sitting with best offer of 23.10 for access bank? I mean bids are higher than offers but no trade?

Same with Transcorp with bids at 13.05 and offers at 12.34

Most stockbroking firms now can be rated less than 30% in Efficiency and Effectiveness. NGX, SEC, and CSCS will pretend that they are not aware.

Soon, they will no longer be able to pretend about it.

No be everything be court

Let's wait for SEC approval before the HC will order a shareholders meeting

vacanci:
should there not be a court ordered shareholders meeting first?