₦airaland Forum

pluto09:
Na for OandO people I first learn the term,reverse acquisition.
Maybe dey are learning from wale and his gangs

Lol
Why always Oando?

emmanuelewumi:
So Ellah Lakes and Presco are planning to raise a total of N470 billion in the month of November.

Boss, opportunity for you to increase your holdings in PRESCO, somewhere to channel those humongous funds sir

I want to believe you can't buy at that high price......N1.420...

https://nairametrics.com/2025/11/07/presco-plc-announces-n237-billion-rights-issue-to-fund-expansion-and-strengthen-regional-market-leadership/

mikeapollo:
Lol
Why always Oando?

OANDO is also coming for fund raising.....
Awaiting SEC approval

* Meanwhile, ACCESS is trading below 22 in market...... currently ranging btw 21.75/22.00....
Will the support hold or not?

yMcy56:
Boss, opportunity for you to increase your holdings in PRESCO, somewhere to channel those humongous funds sir

I want to believe you can't buy at that high price......N1.420...

https://nairametrics.com/2025/11/07/presco-plc-announces-n237-billion-rights-issue-to-fund-expansion-and-strengthen-regional-market-leadership/

I will take my right and also buy additional right

It will be counter-intuitive to attempt a fund raising now with the current state of the market.

yMcy56:
OANDO is also coming for fund raising.....
Awaiting SEC approval

yMcy56:
OANDO is also coming for fund raising.....
Awaiting SEC approval

Oando raising fund this year 2025 or next year 2026?

Going by the AGM, it should be this year. Market reality right now wouldn't support any of that. SP might even touch 30.

mikeapollo:
Oando raising fund this year 2025 or next year 2026?

mikeapollo:
Oando raising fund this year 2025 or next year 2026?

I don't know....
Depends on when SEC approves

emmanuelewumi:
I will take my right and also buy additional right

Good to know sir.

GeeKudi:
It will be counter-intuitive to attempt a fund raising now with the current state of the market.

It depends on how/where the funds is raised, and if they can meet their target e.g. via private placement if there's a strategic investor, or rights/public offer if the price is attractive for investors to buy.
If they raise the funds now, it may help improve 2025 balance sheet and help them start 2026 on a better footing, otherwise they would wait until Q2 2026, and the share price may decline further.

I don comot for Ellah…😎
To park at 6-7 naira

What witchcraft financial mathematics be this?

aj8:
Dangote Sugar Refinery :
Common Sense Target N71.2 - N89.00
Calculation based on Qtr 3 2025 earnings
...
Calculation:
(1.13+3.32) x4 x4 to range (1.13 +3.32) x4 x5
= 71.2 -89.00 Range
...

Looking for a total of N470 billion in November.

Bank sef that have been paying dividends consistently for 10 years are finding it difficult to raise the required funds

I think some of these offers in November won't be successful

emmanuelewumi:
Looking for a total of N470 billion in November.

Bank sef that have been paying dividends consistently for 10 years are finding it difficult to raise the required funds

I think some of these offers in November won't be successful

This may discourage some banks from declaring dividends this year in order to meet capital requirement

mikeapollo:
This may discourage some banks from declaring dividends this year in order to meet capital requirement

Most of the people buying public offers and right offers are just recycling their capital by selling their current shares in order to take up their rights or buy public offers.


The bear might continue till the end of the year

emmanuelewumi:
Most of the people buying public offers and right offers are just recycling their capital by selling their current shares in order to take up their rights or buy public offers.


The bear might continue till the end of the year

Correct

The only direction for the market for the remainder of this year is southward unless something changes. Who would put money in a RI/PO when you can get it cheaper on the floor?

mikeapollo:
It depends on how/where the funds is raised, and if they can meet their target e.g. via private placement if there's a strategic investor, or rights/public offer if the price is attractive for investors to buy.
If they raise the funds now, it may help improve 2025 balance sheet and help them start 2026 on a better footing, otherwise they would wait until Q2 2026, and the share price may decline further.

emmanuelewumi:
Nothing sarcastic.

Are you not happy buy more shares in a wonderful company ni?

We Ellites will laugh last

emmanuelewumi:
Looking for a total of N470 billion in November.

Bank sef that have been paying dividends consistently for 10 years are finding it difficult to raise the required funds

I think some of these offers in November won't be successful

Presco should make it.

SonofElElyonRet:


We Ellites will laugh last

Awon omo Elli
You get mind for Ellah, but you dey fear Oando

Mpeace:
Presco should make it.

I know

https://www.youtube.com/watch?v=Yuf6ryiJspM

Midday trading update on the NGX.

GeeKudi:
The only direction for the market for the remainder of this year is southward unless something changes. Who would put money in a RI/PO when you can get it cheaper on the floor?

If they really mean business, those with PO can pump up the price and sustain it there using MM until the PO is over

mikeapollo:
Lol
Why always Oando?

https://proshare.co/articles/oando-plc-announces-closing-date-for-reverse-take-over-of-exile-resources?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates.

If you know any company on NSE tha has done the same you can also mention it.

pluto09:
https://proshare.co/articles/oando-plc-announces-closing-date-for-reverse-take-over-of-exile-resources?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates.

If you know any company on NSE tha has done the same you can also mention it.

Why always Oando
You people no go allow us breathe?

anyone wishing to play in other African markets can dm me....we have partners in kenya and sa that can sign you up in kenya nse and sa jse as a foreign investor with a brokerage accounts

We have updated our analysis for japaulgold to suggest that wave b of 2 unfolded as a triangle, looking at a reversal at 2.01 region...DYOR
ewnation/trial - join ewnation 7 day trial only for 1us, limited offer
ewnation/ngx

yMcy56:
ELLAHLAKES
Public Offer @13.....
Now the work of the MM is to first move it above 13......
Further price action/appreciation to follow....
Buying at current market price of circa N11 is a huge discount.....

* Do not forget that:
- ELLAHLAKES has around 3.8bn OS
Out of which over 50% is domiciled with the strategic investor, directors and institutional investors...
- All the company needs to do, if they're serious, is to mop the free float as much as possible, then move the price to their desired junction
- Don't also forget that the ball is totally in your court since you're the CEO of your portfolio
- This is purely my opinion, I may be right or wrong

https://nairametrics.com/2025/11/07/ellah-lakes-secures-sec-approval-for-landmark-n235-billion-public-offer/-

The MM really mean business, any offer you drop below 11.93 automatically gets filled before you blink while 11.93 fills within minutes. They should move it above PO price fast.

THE NIGERIA MARKET IS SCARY- GOING FOR ANOTHER BEARISH DAY
Current position of some indices!!!

That means it may not be that bad for those having front row seats in Ellah

KarlTom:
The Punch article aptly called it reverse acquisition...

I honestly think that oando is good to go 38.9 is the sweet spot...DYOR

PuristForest:
Oando has met minimum requirement for a wave 2, even though 41.7 key level was not broken, the push we've weve seen was from 42 region. From an Elliot Wave perspective, the asset can either reverse from close to 42 again follwoing a potential 2nd and 3rd test or it will break 41.7 towards 40 region before a reversal. The reason for this is simple, there is liquidity to be grabbed at those levels. its all about the money. Dyor

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9737#137295110
ewnation/trial - join ewnation 7 day trial only for 1us,limited offer
ewnation/ngx

mikeapollo:

Awon omo Elli
You get mind for Ellah, but you dey fear Oando

I fit enter Oando if e drop wella.. like N20+

mikeapollo:

Awon omo Elli
You get mind for Ellah, but you dey fear Oando

Eli na dat priest wey God vex for.. mbanu