₦airaland Forum

KarlTom:
As previously discussed, these deals were not disclosed on the Corporate Disclosure Board...

chimex38:
Just after forecasting impact of geographic location of refinery.

New Refinery in Gombe
https://punchng.com/fg-approves-licence-for-27000-barrels-refinery/

Raider76:
https://www.farooqkperogi.com/2024/11/is-port-harcourt-refinery-new-nigeria.html?m=1

Mpeace:
A refinery in Gombe how do they want to transport crude oil to Gombe? Tankers, air or what? Or can they afford to lay pipelines from the niger delta to Gombe?
They think Dangote and BUA (kano born billionaires) no know why them site their refineries in Lagos and Portharcourt respectively?

designking:
The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9m.

The shares were purchased in two separate transactions between November 26 and 27, at an average price of N15.79 per share. Onyeali-Ikpe acquired 6 million units at N15.95 per share and an additional 4 million units at N15.55 per share.

This move follows a previous acquisition where she bought 15 million shares in Fidelity Bank between November 21 and 22, 2024, valued at N239.4m. The latest purchase, which forms part of an insider trading notification, was disclosed in accordance with the Nigeria Exchange Limited’s regulatory requirements for share dealings by directors of listed companies.

KarlTom:
Sugar and Salt

Xidget:
SEPLAT down by 10%

It's back up already. That was fast

HesInMe:
I honestly don't get why people are buying bank shares today sha. Yes, the lending rate has increased due to CBN, so their interest margin is up. But the only likely direction of lending rates over the medium term is down, not up. After all, all these banks have all this cash chasing limited high-quality lending and investment opportunities, and the easy FX round-tripping is no longer an attractive option.

Meanwhile, the number of shares outstanding has gone up dramatically following the recapitalization. Earnings per share (EPS) and dividend per share will down big time, making their shares ridiculously expensive on a price-to-earnings (or price to dividends) basis. What am I missing?

HesInMe:
I honestly don't get why people are buying bank shares today sha. Yes, the lending rate has increased due to CBN, so their interest margin is up. But the only likely direction of lending rates over the medium term is down, not up. After all, all these banks have all this cash chasing limited high-quality lending and investment opportunities, and the easy FX round-tripping is no longer an attractive option.

Meanwhile, the number of shares outstanding has gone up dramatically following the recapitalization. Earnings per share (EPS) and dividend per share will down big time, making their shares ridiculously expensive on a price-to-earnings (or price to dividends) basis. What am I missing?

SAK:
are you sure?

HesInMe:
I honestly don't get why people are buying bank shares today sha. Yes, the lending rate has increased due to CBN, so their interest margin is up. But the only likely direction of lending rates over the medium term is down, not up. After all, all these banks have all this cash chasing limited high-quality lending and investment opportunities, and the easy FX round-tripping is no longer an attractive option.

Meanwhile, the number of shares outstanding has gone up dramatically following the recapitalization. Earnings per share (EPS) and dividend per share will down big time, making their shares ridiculously expensive on a price-to-earnings (or price to dividends) basis. What am I missing?

Agbalowomeri:
2025 will be interesting 😂

Raider76:
When the CEO of a bank buys shares of their bank, they are most likely looking long term. But even for short-term, there are some banks, such as FBN, that may have a good chance for capital appreciation after their RI.

Xidget:
SEPLAT down by 10%

It's back up already. That was fast

BabsO2:
We are waiting for the bullion van at FBNH at market open. What’s holding it back. Abeg make the major buyer resume

Sunrisepebble:
I think there is a news relating to this, still doing DD and awaiting more: https://nairametrics.com/2024/09/19/pz-cussons-progress-with-plans-to-sell-its-african-business-after-receiving-expressions-of-interest/?amp=1

NB: I own no units yet. DYOR/ not a buy or financial advice

megawealth01:
Yes but it was rejected by shareholders

Maybe they will have their way this time around no one can tell

bastardson:
Lol.. I am about using my ARADEL money to bid for CHAMS at 1.80.

Agbalowomeri:
2025 will be interesting 😂

Locotrader:
Keep bidding low.
We still have funds to do Xmas extravagantly.
Don't bid any stock high now.
Preservation and good entry is the Koko.