₦airaland Forum

Sunrisepebble:
A lot of directors dealings on Aradel released on NGX. What is cooking

KarlTom:
MD leading the line

Agbalowomeri:
I don't do so too but it is the fact.
The kind of stocks that you buy will definitely give you sleepless nights

Me4bas:
Someone in a group I belonged actually received dividend from Dangsugar today. He also asked if anyone received as well. That's why I'm asking too.

Sunrisepebble:
A lot of directors dealings on Aradel released on NGX. What is cooking

Sunrisepebble:
Perhaps the SPDC deal is likely to be approved soon and they’re trading on that information.

This was in Bloomberg last week: https://abokifx.com/news/nigeria-sees-objections-to-shell-oil-asset-sale-resolved-soon-bloomberg?type=market

Omooloriredade:
Highly unlikely directors and their families would trade this kind of insider information. It's one of the market infractions that's clearly black and white. Insider's have a blackout period where trade is restricted. If approval was imminent AND KNOWN TO INSIDERS, I doubt directors and their families will be trading the stock. *Please take note of the bolded.

My theory is that Aradel was oversold based on fear that a major holder was going to flood the market. However, ACA only sold over two days according to the link you posted. Over those two days, a total of 43m shares (including ACA's) exchanged hands. 4m exchanged hands the third day possibly marking the end of their sale. The sell down to N360 was just retailers selling out of fear which explains the characteristic relatively low volumes accompaning those susbequent trading days (some as low as 400k units). Retailers could also have been crystallizing their paper profits carried over from NASD.

From day 1, I doubted the possibility of a major holder flooding the markets with 700m shares. It's just unheard of as far as I'm concerned. Usually, such high volume trade is carried out via crossed deals between a major seller and a willing buyer.

Management simply took advantage of the FUD to increase their holdings and possibly encouraged their families and associates to not let the opportunity slip by. Trading pattern in subsequent weeks will confirm if management and their associates made the right call or not.

Disclaimer - Personal opinion only. I could be wrong.

Ades1:
This reminds me of when I told Pa Emma then that any company that does not pay a minimum 6% dividend this year is gone, he said most companies will not pay that 6%. I said if they don't, they'll get sold!

Boy! I am happy I stood my ground, the main companies that did not meet this small test were Sugar, Sterling, Maybaker, Lasaco and MTN, they all got sold. It's all numbers, no emotion.

Sunrisepebble:
There’s a palm oil company on NASD, Okitipupa which has moved from #9 to #20 over the last few weeks. 12k hectares. 9 months revenue of #2.2bn. One to look into

DYOR

emmanuelewumi:
What is the outstanding shares used to be on NGX and on the same league with Okomu and Presco. Ondo and Ekiti states used to be major shareholders, these politicians should sell and let business people and PE firms come on board then I will buy there shares

Omooloriredade:
Highly unlikely directors and their families would trade this kind of insider information. It's one of the market infractions that's clearly black and white. Insider's have a blackout period where trade is restricted. If approval was imminent AND KNOWN TO INSIDERS, I doubt directors and their families will be trading the stock. *Please take note of the bolded.

My theory is that Aradel was oversold based on fear that a major holder was going to flood the market. However, ACA only sold over two days according to the link you posted. Over those two days, a total of 43m shares (including ACA's) exchanged hands. 4m exchanged hands the third day possibly marking the end of their sale. The sell down to N360 was just retailers selling out of fear which explains the characteristic relatively low volumes accompaning those susbequent trading days (some as low as 400k units). Retailers could also have been crystallizing their paper profits carried over from NASD.

From day 1, I doubted the possibility of a major holder flooding the markets with 700m shares. It's just unheard of as far as I'm concerned. Usually, such high volume trade is carried out via crossed deals between a major seller and a willing buyer.

Management simply took advantage of the FUD to increase their holdings and possibly encouraged their families and associates to not let the opportunity slip by. Trading pattern in subsequent weeks will confirm if management and their associates made the right call or not.

Disclaimer - Personal opinion only. I could be wrong.

Sunrisepebble:
497,712,690 according to NASD.

Im still doing my research, and I will do so this weekend but on face value this seems like a better bargain buy than Ellah which is not producing anything. They even pay Dividend

Sunrisepebble:
497,712,690 according to NASD.

Im still doing my research, and I will do so this weekend but on face value this seems like a better bargain buy than Ellah which is not producing anything. They even pay Dividend

ololufemi:
When I wanted to buy some on the NASD, I learnt that they have some insider squabbling going on there between the politicians and investors.

Anyway, I still went ahead to buy the shares sha under the view that no matter how bad it is, the same set of clueless politicians will not outlast the investors in any publicly listed business venture. 🙄

emmanuelewumi:
6% dividend is small na, at least 30% of earnings should be paid as dividends

KarlTom:
I saw this article:
https://nairametrics.com/2024/04/22/okitipupa-oil-palm-plcs-rights-issue-shrouded-in-deception-and-legal-controversy/

KarlTom:
I'm trying to read between the lines...

What if DANGREFINE wants to make JAIZ their main bankers 🤔.
That would mean an International license and SP BOOM!

Let's be on the lookout for a capital raise by JAIZ. I believe DIL will increase their stake significantly...

At the bolded: 7.24% by H1

KarlTom:
I saw this article:
https://nairametrics.com/2024/04/22/okitipupa-oil-palm-plcs-rights-issue-shrouded-in-deception-and-legal-controversy/

chimex38:
On the International banking licence, its unlikely at present.
Not when they haven't raised the Capital requirement for their Present National Banking(non-interest)licence category.

Raider76:
Thought there was recently some capital injection from a middle eastern source to meet that capital requirement.

Sunrisepebble:
There’s a palm oil company on NASD, Okitipupa which has moved from #9 to #20 over the last few weeks. 12k hectares. 9 months revenue of #2.2bn. One to look into

DYOR

lionshare:
Please! How else can I reach Morgan Capital? The phone lines aren’t connecting, and they aren’t responding to emails.

lionshare:
Please! How else can I reach Morgan Capital? The phone lines aren’t connecting, and they aren’t responding to emails.

Raider76:
If it is for withdrawal you can do it on the iTrade.

Youngzedd:
This is weekend, reach out during weekdays.

They will respond to your email during working hour.

lionshare:
thanks! Yes, it was supposed to be concluded on their end yesterday, but it seems someone dropped the ball.

Agbalowomeri:
Baba it's a pull back. The sellers will be back