₦airaland Forum

mikeapollo:
Abeg ooo
Comment withdrawn and unreserved apology tendered.
I think Deap is completing the conversion of their debt to equity very soon, and that would eliminate their finance costs.
The deferred income of N1.5b may likely hit their income statement and shoot up their profit this year

God is good..

Valthegreat:
Please who is interested in CHAMS right issue @ #2?
I have 7.5m units so you can get 3.75m units with that.

Below 2. We don already see Loco offer at 2

mikeapollo:
Abeg ooo
Comment withdrawn and unreserved apology tendered.
I think Deap is completing the conversion of their debt to equity very soon, and that would eliminate their finance costs.
The deferred income of N1.5b may likely hit their income statement and shoot up their profit this year

Can deap soar to N10 in 1-2 years?

mikeapollo:
The main goal and objectives of a govt. is to improve the welfare, security and wellbeing of the people, especially the majority. Such goal is not to carryout or embark on the so called ''reforms''(sic)
Any kind of ''reforms'' or ''initiatives'' that fail to achieve these goals are virtually meaningless or poorly thought-through or outright useless
We have been witnessing ''reforms'' and ''reforms'' since when IBB introduced SAP (and even before then), what is the benefit?

So, you would favour a welfarist system that eventually impoverishes the State, like in Venezuela? I wish Hugo Chavez is alive to see the fallout of his welfarism. The current government in Nigeria is doing well with the reforms. The attendant human suffering is sad, but that's the price to pay. I wish, thoguh, that lavishness and corruption in the corridors of power are curtailed. That's my main grouse ATM.

SonofElElyonRet:
Below 2. We don already see Loco offer at 2

The right offer last till September.
I will take it in few days to closure.
The price is very attractive reading the state of general market

Oasisblue:
So, you would favour a welfarist system that eventually impoverishes the State, like in Venezuela? I wish Hugo Chavez is alive to see the fallout of his welfarism. The current government in Nigeria is doing well with the reforms. The attendant human suffering is sad, but that's the price to pay. I wish, thoguh, that lavishness and corruption in the corridors of power are curtailed. That's my main grouse ATM.

Words of a privileged person, but I don't fault you. There's Argentina for example. But oh well.

kintus:
The question you should ask him or her should be ...if he or she is a trader or investor?

As a trader, you're better-off cutting your losses and move on. But as an investor, he can keep averaging down to reduce his unit cost.

As a trader, I was up in PZ & Cadbury with over 20% gain, but I kept watching profit disappear until I was forced to sell Cad at #60 yesterday. Today, I am struggling to sell PZ at #37 but no offer. Imagine if I had sold at 70, 68 Cad....43 -40 PZ to join insurance bull.....we keep learning.

But, then again, we are here to make money and not to make losses.

You are right. It's always a challenge balancing long-term focus(investor) and short-term gain(trading). I am experiencing the same thing with Aradel, where I have a substantial sum tied down without capital appreciation. I keep increasing my investment in the hope of averaging out my brek-even price, but seeing what is going on in the insurance sector, I feel like a fool now.

Valthegreat:
Please who is interested in CHAMS right issue @ #2?
I have 7.5m units so you can get 3.75m units with that.

#1 deal?!

yMcy56:
Oga AJ8, your inbox is full, mails unable to deliver.
Kindly increase the storage MB or tidy it up by deleting some unwanted mails.
Thanks

Noted. Will do so. Thank you.

You are not alone on this brother.

lower our guard and learn the ropes

Apologize where necessary
Ask questions when in doubt
Show appreciation when needed.

Oasisblue:
You are right. It's always a challenge balancing long-term focus(investor) and short-term gain(trading). I am experiencing the same thing with Aradel, where I have a substantial sum tied down without capital appreciation. I keep increasing my investment in the hope of averaging out my brek-even price, but seeing what is going on in the insurance sector, I feel like a fool now.

Zagee:
Sadly, at this point in time, you are not one of us-majority . That you have access to information that has led you to quadrupling your portfolio in the past 2 years makes you part of the peope his focus is on- the smart, business savvy individuals. Be it hook or crook

Lol! You wan put me for trouble!
Whatever you feel or think about portfolio na audio ooooo

Zagee:
Words of a privileged person, but I don't fault you. There's Argentina for example. But oh well.

Argentina had to secure 20 Billion USD from IMF to bring back confidence to investors in order to stabilise her exchange rate. Reserves are net negative.

Argentina’s peso was floated also from 387 to 1000 and black market got to over 1400 at a time. It had to be floated because the previous Govt was just printing lots of Pesos to maintain the budget while burning the reserves to peg it at 387 officially and borrowing more.

Milei had to sack thousands of civil servants and stop all Government infrastructure projects (Argentina’s infrastructure is already way advanced than that of Nigeria, so Tinubu can’t do that).
I can go on and on about Argentina and we can do Milei vs Tinubu if you want and if it’s not seen by others as derailing.

IyaTola:
#1 deal?!

Why will he sell you the right at N1 when rights price is N1.7?

You want him to pay N0.7 on your behalf

Ahhh

IyaTola:
#1 deal?!

NAICOM sets 31st July 2026 as the deadline for compliance with the new minimum capital requirement for all insurance companies.

Hold your insurance stocks

Oasisblue:
You are right. It's always a challenge balancing long-term focus(investor) and short-term gain(trading). I am experiencing the same thing with Aradel, where I have a substantial sum tied down without capital appreciation. I keep increasing my investment in the hope of averaging out my brek-even price, but seeing what is going on in the insurance sector, I feel like a fool now.

Averaging down? Dangerous game if the breakout isn’t right around the corner.

When you’re in a hole, stop digging.

Personally, maintaining a diversified portfolio is safer.... skewed toward the picks by gurus on this platform admittedly.

TsarZed:
NAICOM sets 31st July 2026 as the deadline for compliance with the new minimum capital requirement for all insurance companies.

Hold your insurance stocks

No longer 31st December 2025?
The tempo can now calm down.
There will be second and third missionary journey in insurance stocks before July 2026

megawealth01:


I made money (paper profit) that era but greed ooooooo

Having the discipline to sell is more important than knowing when to buy

FCMB fit do full bid soon but the bidders are staying on bargain junction not above

Locotrader:
No longer 31st December 2025?
The tempo can now calm down.
There will be second and third missionary journey in insurance stocks before July 2026

Offers have started showing on LASACO and a few others

Guys take note

Insurance can be both a trap or freedom

Oasisblue:
You are right. It's always a challenge balancing long-term focus(investor) and short-term gain(trading). I am experiencing the same thing with Aradel, where I have a substantial sum tied down without capital appreciation. I keep increasing my investment in the hope of averaging out my brek-even price, but seeing what is going on in the insurance sector, I feel like a fool now.

If you have cash flow why can't you borrow against your investment in order to take position in other opportunities

Oasisblue:
So, you would favour a welfarist system that eventually impoverishes the State, like in Venezuela? I wish Hugo Chavez is alive to see the fallout of his welfarism. The current government in Nigeria is doing well with the reforms. The attendant human suffering is sad, but that's the price to pay. I wish, thoguh, that lavishness and corruption in the corridors of power are curtailed. That's my main grouse ATM.

I don't recollect mentioning welfarist system of govt in my post. But even at that, what is evil or bad about operating a welfarist system?
Which continent spends more on welfarist policies than Europe?

Obama implemented welfarist policies in the US health sector. America subsidizes agricultural input for its farmers.
Most European countries subsidize their transport systems, housing, provide unemployment allowances/benefits etc
But the same people would come to Africa, demonize these things and discourage govts. of developing nations from implementing some of them for their people.
When the capitalism of the West failed woefully leading to the global financial crises, the world had to rely on 'welfarist'' countries like China, Russia etc. to provide some resilience that engendered some recovery.
Obama had to use state funds to bail out companies that had collapsed as result of the failures of capitalism. Why didn't he allow the companies to collapse and die just because the US did not believe in welfarist policy?
Venezuela is having problems, yes! Just like other capitalist countries like Greece and Portugal who had problems and were assisted by the EU, IMF etc. In fact Greece's problem was as bad as that of Venezuela, but the US has always been interested in collapsing the govt of Venezuela because of their anti-US policies.

Why didn't you mention China which is doing well?

There is nothing bad in a welfarist system if well thought out and properly implemented.

Loco the wise tortoise

Locotrader:
No longer 31st December 2025?
The tempo can now calm down.
There will be second and third missionary journey in insurance stocks before July 2026

Locotrader:
No longer 31st December 2025?
The tempo can now calm down.
There will be second and third missionary journey in insurance stocks before July 2026

aaah, many insurance companies will exit the market if given just 4-5 months to recapitalise.

1 year sounds reasonable.

ah... today were I just manage enter? Abeg oh.

megawealth01:
Offers have started showing on LASACO and a few others

Guys take note

Insurance can be both a trap or freedom

Fred2020:
Why will he sell you the right at N1 when rights price is N1.7?

You want him to pay N0.7 on your behalf

Jeez!!! I have been trying to ignore the discussions on Chams RI for days now but mehn! The ignorance here can be mind-boggling.
The problem is that some have not taken time to understand the workings of the market. For example....Who are the stakeholders? What does one entity do? You see people will have an issue with the Registrar or CSCS and be blaming Broker ...haha

Selling your Rights means relinquishing your exclusive right to buy shares of Chams at the offer price of N1.70 as an existing shareholder.

If you trade your Rights, you simply sold your "right" or "priviledge". No shares are involved. Buyer now needs to pay the N1.70 offer price having acquired your Rights.

Eg It will cost Iya N1 + N1.70 = N2.70 to acquire shares in Chams.

I assume Iya thinks the SP on the NGX will be well north of N2.70 by the time the offer closes otherwise, Iya might not know what they are doing either. Apologies if you find this insulting.

Those pricing the Rights at N2 or talking about selling their rights at same price clearly have no clue either. There is a reason investors that know what they are doing are not bidding to buy at that price on the floor......the bid on the heads (main shares) not withstanding.

Ideally, if you are an existing shareholder and you'd like to hold for medium to long term but don't intend to take up your rights, you should absolutely be selling the equivalent quantity of shares you qualify for on the floor. Part of the proceeds can then be used to take up your rights. Your holding remains the same with some spare change.

The scenario above changes if you are trading Chams or whatever other strategies you might have.

Disclaimer - I am no financial adviser so my post could be highly misleading. Please consult your financial adviser for advice. Not a recommendation to buy or sell.

Omooloriredade:
Jeez!!! I have been trying to ignore the discussions on Chams RI for days now but mehn! The ignorance here can be mind-boggling.
The problem is that some have not taken time to understand the workings of the market. For example....Who are the stakeholders? What does one entity do? You see people will have an issue with the Registrar or CSCS and be blaming Broker ...haha

Selling your Rights means relinquishing your exclusive right to buy shares of Chams at the offer price of N1.70 as an existing shareholder.

If you trade your Rights, you simply sold your "right" or "priviledge". No shares are involved. Buyer now needs to pay the N1.70 offer price having acquired your Rights.

Eg It will cost Iya N1 + N1.70 = N2.70 to acquire shares in Chams.

I assume Iya thinks the SP on the NGX will be well north of N2.70 by the time the offer closes otherwise, Iya might not know what they are doing either. Apologies if you find this insulting.

Those pricing the Rights at N2 or talking about selling their rights at same price clearly have no clue either. There is a reason investors that know what they are doing are not bidding to buy at that price on the floor......the bid on the heads (main shares) not withstanding.

Ideally, if you are an existing shareholder and you'd like to hold for medium to long term but don't intend to take up your rights, you should absolutely be selling the equivalent quantity of shares you qualify for on the floor. Part of the proceeds can then be used to take up your rights. Your holding remains the same with some spare change.

The scenario above changes if you are trading Chams or whatever other strategies you might have.

Disclaimer - I am no financial adviser so my post could be highly misleading. Please consult your financial adviser for advice. Not a recommendation to buy or sell.

It doesnt make financial sense to buy just the right at N1 or N2 plus right price as that is already above the current market value of the share itself.

Chai! One Japaul seller just came and cleared most of the bids last minute.

Fred2020:
It doesnt make financial sense to buy just the right at N1 or N2 plus right price as that is already above the current market value of the share itself.

Exactly!!! Now you're talking. You see why previous discussions on this matter reeks of ignorance now?

Also, take note of the process non-shareholders have to take to partake in the RI of a company. You enlist the help of your broker because we don't have OTC access and it's a "Primary" offer not Secondary.

Well, well well, it's primarily because it's a Primary offer not because of OTC access.

Jegede na your mate

Raider76:
Chai! One Japaul seller just came and cleared most of the bids last minute.

Re-capitalization was clearly stated for insurance sector, why will someone still call this a trap, even after enjoying capital gains, and still enjoying.

So 1year is too long to plan a re-capitalization?
If you're the CEO of one of the companies, you'll canvase for a month?
Banks were given 2yrs, the 2yrs wasn't long but insurance one year is long?

Let's stop displaying ignorance here pls.
If you don't know, simply ask instead of forming Oga on top wetin you no understand how the industry works.

Let's understand that our comments matters a lot and we have to be cautious if we don't have facts.

SonofElElyonRet:
Can deap soar to N10 in 1-2 years?

May be possible, I am not sure.
But I am taking it as more of a short term than long term, unless something fantastic happens before I sell off.
I want to mobilize some funds for a long term position in Unity Bank.