₦airaland Forum

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

mikeapollo:
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.

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.

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

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.

Locotrader:
I will not sell below N2
I will sell to my wife at 1.70 if I didn't get a buyer at N2

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.....

yMcy56:
I know some people were just not happy Insurance Sector which they've so much detested are delivering in market....

Ordinarily the sector is much undervalued and, with the new good news, they should deliver well.

If banks can be transformed, so also insurance sector.

We continue to see how market handles this over time. In fact, the time is even shorter self.

KarlTom:
Hmmm.
The bolded might be correct but I think it's more about (ab)use of terminology.

IMO, most of the discussants were actually referring to the total cost of acquisition (rights + equity)...

ojeysky:
Lol i will try my luck with bidding for additional units, if he no work they refund my money

yMcy56:
I know some people were just not happy Insurance Sector which they've so much detested are delivering in market....

Ordinarily the sector is much undervalued and, with the new good news, they should deliver well.

If banks can be transformed, so also insurance sector.

We continue to see how market handles this over time. In fact, the time is even shorter self.

KarlTom:
That individual who bid 1k for 10m units is a proper dealer...

Zagee:
Picture this Scenario:
#25 per share over 1b OS private placement

Deals get signed.
Market maker gets to work to achieve minimum 20% float.
Case closed.

"Order 101: Pump by declaration"
🤣🤣

Fred2020:
In my view, if July 2026 is the deadline, they should be discussing fundraising options and kicking off M&A talks ASAP. M&A deals take months to close, and the longer they wait, the pricier it’ll be to buy out rival competitors.

I expect some to begin openly discussing their options this year or early next year.

I'll be keep the bulk of my insurance stocks come what may, I have enough fat to take any temporal dip.

Fred2020:
In my view, if July 2026 is the deadline, they should be discussing fundraising options and kicking off M&A talks ASAP. M&A deals take months to close, and the longer they wait, the pricier it’ll be to buy out rival competitors.

I expect some to begin openly discussing their options this year or early next year.

I'll be keep the bulk of my insurance stocks come what may, I have enough fat to take any temporal dip.

KarlTom:
I'm rolling with laughter

Zagee:
On the US exchange, the best bank trades in the circa 200$ region,

The best insurance company is about ~17$
..

I just need the best to attain 0.5$. Even our banks are not there yet..

HesInMe:
Comparing absolute (raw) stock prices is virtually meaningless. Value is better assessed through benchmarks, like price-to-book ratios, or normalized stock performance over time.

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

PETERiCHY:
OUR TOP 6 PICK FOR 2025

1) CADBURY

2) NASCON

3) ACCESSCORP

4) JAPAULGOLD..... Invest only speculative fund

5) DANGOTE SUGAR

6) NSLTECH.......... Invest only speculative fund.

We have added NSLTECH to our 2025 STOCK PICK. Don't be LEFT OUT.


BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
During BULL SEASON there is need for PORTFOLIO REBALANCING.

Inessece due to their poor H/Y results e DISPOSED one of our SPECULATIVE stock NSLTECH today @t circa #1:07k

BARGAIN HUNTERS TAKE NOTE!
BARGAIN HUNTERS TAKE NOTE!

HesInMe:
Can anyone please share any recent analysis of the new insurance reform act? People are just plunging into the sector blindly and buying gems and duds indiscriminately.

And I say this even though I have a significant stake in AIICO at a price I dare not admit publicly.

Here's an interesting industry report from last year: https://intelpoint.co/report/the-nigerian-insurance-industry/