₦airaland Forum

Ellah closed green with over 100m worth transacted, small money but considering their previous daily volume its a signal that one man's food is another man's poison. We go again tomorrow. This 3ton mill must do 3x returns at the minimum before end of the year

jideflash:
they are only selling to meet Free Float requirement. the family owns over 70% of the company across several direct and indirect holdings

Thanks for the information. @KarlTom, you have your answers. 😁

dated 17th July or June ..

unite4real:
Updated. ... ...

My forecast for Nascon FY 25 earnings per share and dividend


https://www.youtube.com/watch?v=3SvMulmkcCs

Raider76:
There is a saying in.my language which says "When the sun comes out you cannot cover it with you hands." I believe the Dangote Refinery fits this saying well.

https://www.reuters.com/business/energy/nigeria-export-first-gasoline-cargo-asia-dangote-refinery-source-says-2025-06-18/

I really think this news is NL FP worthy!

I feel your pain! From experience, I've found that First Registrars are notoriously unresponsive, even if you copy high-level authorities like the President, SP, IGP, SEC, DAAR Investors Relation, and your broker. Sending multiple reminders won't likely yield a response. I've learned to avoid wasting time and data on futile correspondence with them. If you ever get a response from them, kindly share it here – I'd consider it the 8th wonder of the world

rakish:
Good afternoon all. Please I have a question. My late dad got us Daar Communications shares since 2008(I have the evidential documents). I was a minor then. Please how and where can I confirm my records? I know the company's shares is less than a naira and has not declared dividend since then. I just need to confirm if my records as a shareholder is still active. First registrars have not responded to my email of enquiry yet.

Access bank has also stated that it would meet up with the requirement on regulatory forbearance by June this year.

I just wonder how reckless a Central bank could be by making such ambiguous and confusing publication with care to the possible impact on the economy.
Sometime I think they do these things for personal reasons.

Meanwhile Conoil result don show. 2023 was better than 2024

Mpeace:
Access bank has also stated that it would meet up with the requirement on regulatory forbearance by June this year.

I just wonder how reckless a Central bank could be by making such ambiguous and confusing publication with care to the possible impact on the economy.
Sometime I think they do these things for personal reasons.

It happened for the good of those who seized the moments to increase their position in the banks they see value... All na game

Mpeace:
Access bank has also stated that it would meet up with the requirement on regulatory forbearance by June this year.

I just wonder how reckless a Central bank could be by making such ambiguous and confusing publication with care to the possible impact on the economy.
Sometime I think they do these things for personal reasons.

So you don't think they also want to take positions? The level of insider tradings ongoing in NGX is alarming. Look at the hundreds of millions of bank shares that exchanged hands in two days. Many people were forced out of their positions They know what is coming on the way... The Armageddon Bull

Reckless of the CBN or of the banks? They were sitting on a lot of stage II loans and acting as if everything was ok, it’s not reckless at all.
Although Zenith didn’t disclose the value of their forbearance, I have info that it’s almost 1 trillion and most of these banks I think it’s due to the Aiteo syndicated loan of about $2bn which they gave in 2014/2015. They all had exposure to them, so with the naira devaluation the naira value ballooned.
I don’t think the CBN has done anything reckless at all. I don’t even like or trust this disclosure from access because it hasn’t given any specific details at all

Mpeace:
Access bank has also stated that it would meet up with the requirement on regulatory forbearance by June this year.

I just wonder how reckless a Central bank could be by making such ambiguous and confusing publication with care to the possible impact on the economy.
Sometime I think they do these things for personal reasons.

eziokwunwoko:
Goodmorning PuristForest;Please what is TA Chart saying on NSLTECH PLC.

nsltech good buy zone is 0.47-0.5, next stop 0.8

Mpeace:
Access bank has also stated that it would meet up with the requirement on regulatory forbearance by June this year.

I just wonder how reckless a Central bank could be by making such ambiguous and confusing publication with care to the possible impact on the economy.
Sometime I think they do these things for personal reasons.

I was glad to load it at N20.05 at a time when my bond coupon landed timely.

unite4real:
I was glad to load it at N20.05 at a time when my bond coupon landed timely.

I think accesscorp will get lower to about 18.85 to 19.2 region so stay safe and plan accordingly to add more.....if you can.

. . . .

PuristForest:
I think accesscorp will get lower to about 18.85 to 19.2 region so stay safe and plan accordingly to add more.....if you can.

The CBN publication could not get it there, is it now that access have released optimistic response that it will now dip further?]

Sunrisepebble:
Reckless of the CBN or of the banks? They were sitting on a lot of stage II loans and acting as if everything was ok, it’s not reckless at all.
Although Zenith didn’t disclose the value of their forbearance, I have info that it’s almost 1 trillion and most of these banks I think it’s due to the Aiteo syndicated loan of about $2bn which they gave in 2014/2015. They all had exposure to them, so with the naira devaluation the naira value ballooned.
I don’t think the CBN has done anything reckless at all. I don’t even like or trust this disclosure from access because it hasn’t given any specific details at all

I don't have a problem with cleaning up the books. My problem has to do with the manner of it.
Like the recapitalisation request, he could simply have placed a deadline, afterall there was no imminent danger in the sector, as their second publication showed.
The winners are those that took positions, while those that rushed to sell- sorry for them

Personal opinion but I think it’s too early to say the bolder, if Zenith is trying to wipe off 1 trillion in loans in H1, how do you think that impacts the P&L. And I don’t think they’d want to be dipping into their retained earnings anyhow just to pay dividend. If they announce like a 50k dividend or a H1 loss, you don’t think market will sell off again?
It’s still early days, until we have more clarity then one can say there’s winners and losers. I bought into Zenith at the low yesterday but with the info I have now I’m not as optimistic

Mpeace:
I don't have a problem with cleaning up the books. My problem has to do with the manner of it.
Like the recapitalisation request, he could simply have placed a deadline, afterall there was no imminent danger in the sector, as their second publication showed.
The winners are those that took positions, while those that rushed to sell- sorry for them

Thoughts on where BUA Foods should be trading at year from now. As well as forecast FY 25 dividend.


https://www.youtube.com/watch?v=BVUWp7g5e5o

Sunrisepebble:
Reckless of the CBN or of the banks? They were sitting on a lot of stage II loans and acting as if everything was ok, it’s not reckless at all.
Although Zenith didn’t disclose the value of their forbearance, I have info that it’s almost 1 trillion and most of these banks I think it’s due to the Aiteo syndicated loan of about $2bn which they gave in 2014/2015. They all had exposure to them, so with the naira devaluation the naira value ballooned.
I don’t think the CBN has done anything reckless at all. I don’t even like or trust this disclosure from access because it hasn’t given any specific details at all

I don't agree that Zenith still has such exposure and are confident to clear max H1.
I trillion is not beans

Because of the general distrust in the system, Nigerians are always quick to blame government and suspect government actions. I think we should maintain cool heads sometimes and not always rush to conclude on most of these things. How can banks be owing so humongous amounts and every quarter the headlines read "Chairman A gets N50bn in dividends", "Chairman B gets N35bn in dividends".... I think we are in for a long ride if these figures are true.

Sunrisepebble:
Reckless of the CBN or of the banks? They were sitting on a lot of stage II loans and acting as if everything was ok, it’s not reckless at all.
Although Zenith didn’t disclose the value of their forbearance, I have info that it’s almost 1 trillion and most of these banks I think it’s due to the Aiteo syndicated loan of about $2bn which they gave in 2014/2015. They all had exposure to them, so with the naira devaluation the naira value ballooned.
I don’t think the CBN has done anything reckless at all. I don’t even like or trust this disclosure from access because it hasn’t given any specific details at all

I said I was waiting for it at ₦150 and someone was doubting...

Mpeace:
Meanwhile Conoil result don show. 2023 was better than 2024

I was convinced to jump in here...make una carry me dey go. We keep accumulating at give away price;

Access Holdings assures exit from CBN regulatory forbearance on credit facilities this year - Nairametrics https://share.google/JBZWWdHhETqDZRu3B

On the issue of SOL and Forbearance Loans, I want to believe that CBN should have reached out to the banks before going public.

There are many grey areas but I'm optimistic that the banks will navigate safely...

Sunrisepebble:
Reckless of the CBN or of the banks? They were sitting on a lot of stage II loans and acting as if everything was ok, it’s not reckless at all.
Although Zenith didn’t disclose the value of their forbearance, I have info that it’s almost 1 trillion and most of these banks I think it’s due to the Aiteo syndicated loan of about $2bn which they gave in 2014/2015. They all had exposure to them, so with the naira devaluation the naira value ballooned.
I don’t think the CBN has done anything reckless at all. I don’t even like or trust this disclosure from access because it hasn’t given any specific details at all

This your finding sha.................. E get as E be sha

stcool:
I was convinced to jump in here...make una carry me dey go. We keep accumulating at give away price;

Access Holdings assures exit from CBN regulatory forbearance on credit facilities this year - Nairametrics https://share.google/JBZWWdHhETqDZRu3B

You are seeing well.... ACCESS BANK is bae you know. The market has really been giving people opportunity to increase their positions anyways as some persons exit theirs anyways

Why do you think CBN asked them to go and raise capital, you think it’s truly because of $1trn economy. This is part of the reason.

KarlTom:
On the issue of SOL and Forbearance Loans, I want to believe that CBN should have reached out to the banks before going public.

There are many grey areas but I'm optimistic that the banks will navigate safely...

megawealth01:
This your finding sha.................. E get as E be sha

Access the lower the better...make we first chop N1 interim first

If cbn is not being fraudulent. After collecting the gains this banks made from revaluation they are talking all this rubbish. Why didn't they tell the banks to use the gains from forex to take care of this loan and others since they didn't allow shareholders benefit from it.
The man at cbn is just another mismatch for the job.He deserve to be sacked.

Mankind2024:
I feel your pain! From experience, I've found that First Registrars are notoriously unresponsive, even if you copy high-level authorities like the President, SP, IGP, SEC, DAAR Investors Relation, and your broker. Sending multiple reminders won't likely yield a response. I've learned to avoid wasting time and data on futile correspondence with them. If you ever get a response from them, kindly share it here – I'd consider it the 8th wonder of the world

Haaa...that is serious. I have sent both Whatsapp and email messages and nothing yet. I don't know what other options I have if they don't respond.

I find it funny that people really think they’d issue the circular just so they can buy at lower prices. Really, over 10-15% gain?
The issues have existed since Meffy and with a new sheriff in town who is by the book, he’s exposing a lot of the nonsense that was going on there. I think that relationship with Meffy is why Zenith have such a huge Stage 2 exposure, was probably letting them get away with a lot of things.

GeeKudi:
Because of the general distrust in the system, Nigerians are always quick to blame government and suspect government actions. I think we should maintain cool heads sometimes and not always rush to conclude on most of these things. How can banks be owing so humongous amounts and every quarter the headlines read "Chairman A gets N50bn in dividends", "Chairman B gets N35bn in dividends".... I think we are in for a long ride if these figures are true.