₦airaland Forum

mikeapollo:
Hi @Mega, hope you are doing great.
Thanks for the heads up on Providus

KarlTom:
Might not be related.

OandO peaked in September 2024 (₦95) whereas the Settlement Deed was dated December 20, 2024

nicestlady:
I subscribed for the Champion breweries public offer through the Meristem app. Up till now, my virtual account hasn't been debited.

I emailed yesterday and was assured it will be treated after the collation of requests. Is this normal? I thought the offer was supposed to end since 21st. This is the first time I'm buying through public offer so pardon my ignorance.

cocolacec:
Lasaco

https://doclib.ngxgroup.com/Financial_NewsDocs/45951_LASACO_ASSURANCE_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_FEBRUARY_2026.pdf

KarlTom:
Instead of saying takeover, they are speaking grammar...

https://doclib.ngxgroup.com/Financial_NewsDocs/45950_AUSTIN_LAZ_AND_COMPANY_PLC-AUSTINLAZ_PRESS_RELEASE__CORPORATE_ACTIONS_FEBRUARY_2026.pdf

Raider76:
Please why is NEIMETH giving a RI of 1 for 7 at N4.00 per share when it's SP on the floor today, the qualification date, is N10.75?

And I bought some shares today. Do I qualify?

funkymedina2:
where did you get thi? can you share the link

Raider76:
Please why is NEIMETH giving a RI of 1 for 7 at N4.00 per share when it's SP on the floor today, the qualification date, is N10.75?

And I bought some shares today. Do I qualify?

cyrilex202:
Expact in the house. Which stock can u recommend for a long term hold of 5yrs for great return on investment

PuristForest:
source:gpt
🚨 Distress Signals (LIKELY PARTIAL DRIVER)
1️⃣ Cash urgency
Such a deep discount suggests:
Immediate working capital needs
FX pressure (imported raw materials in pharma)
Debt servicing or refinancing stress
In Nigeria’s pharma sector:
API imports are FX-heavy
Banks price credit expensively
Equity becomes the cheapest emergency funding
➡ This smells like balance-sheet stress, not optional fundraising
2️⃣ Weak institutional appetite
If institutions were lining up:
They could have priced closer to market (₦8–₦9)
A ₦4.00 price implies fear of undersubscription
This price:
Forces participation
Makes it irrational not to take up rights
📈 Positive Signal Elements (WHY IT’S NOT PANIC)
1️⃣ Rights issue (not a public offer)
This is crucial.
Management is asking existing owners to fund the business
They are not dumping stock into the open market
This signals alignment, not exit

yMcy56:
This your ChatGPT na wa o
Does raising a RI indicates distress every time or expansion/increasing working capital?
GPT just gave a general scenario of likely events that surrounds raising funds but not peculiar to a company NEIMETH in this case.

To look at it from a realistic view now:
* RI is 1 new for every existing 7
* OS is 4.2b
* RI: 610m
- This doesn't signify distress but the need to fund a project or clean the balance sheet...... especially looking at the +ve turnaround in Q4 2025 and the boost going on in Pharma sector.
- The total RI units doesn't signify distress (if not, it would have been in billions)
- The possibility that the RI already have standby shareholder(s) to pick it up if qualified investors didn't turn up or couldn't meet up payment on time

* Qualification Date wasn't long
- The letter was dated 2nd February and qualification Date was same second February, this suggests that substantial shareholders are already picking it up (a ready market)
- 1 new for 7 indicates a highly discounted price for shareholders......
- discounting 1 out of 7 gives us 6....
- 6 x N4 = N24..
- In the long run, all things being equal, the share price should rise above N20

* This is my layman's interpretation of it.......and I'm responding because I'd mentioned it yesterday here.....
Patience is required

yMcy56:
This your ChatGPT na wa o
Does raising a RI indicates distress every time or expansion/increasing working capital?
GPT just gave a general scenario of likely events that surrounds raising funds but not peculiar to a company NEIMETH in this case.

To look at it from a realistic view now:
* RI is 1 new for every existing 7
* OS is 4.2b
* RI: 610m
- This doesn't signify distress but the need to fund a project or clean the balance sheet...... especially looking at the +ve turnaround in Q4 2025 and the boost going on in Pharma sector.
- The total RI units doesn't signify distress (if not, it would have been in billions)
- The possibility that the RI already have standby shareholder(s) to pick it up if qualified investors didn't turn up or couldn't meet up payment on time

* Qualification Date wasn't long
- The letter was dated 2nd February and qualification Date was same second February, this suggests that substantial shareholders are already picking it up (a ready market)
- 1 new for 7 indicates a highly discounted price for shareholders......
- discounting 1 out of 7 gives us 6....
- 6 x N4 = N24..
- In the long run, all things being equal, the share price should rise above N20

* This is my layman's interpretation of it.......and I'm responding because I'd mentioned it yesterday here.....
Patience is required

leo1234:
Some people on this thread just hate money or they pretend to. 😒

How will someone invest his hard earned money and be comfortable with no capital appreciation after many years in the market 🤔

Raider76:
Please why is NEIMETH giving a RI of 1 for 7 at N4.00 per share when it's SP on the floor today, the qualification date, is N10.75?

And I bought some shares today. Do I qualify?

Agbalowomeri:
This one should return to N5

https://doclib.ngxgroup.com/Financial_NewsDocs/45936_AXA_MANSARD_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JANUARY_2026.pdf

Raider76:
Please why is NEIMETH giving a RI of 1 for 7 at N4.00 per share when it's SP on the floor today, the qualification date, is N10.75?

And I bought some shares today. Do I qualify?

yMcy56:
Street, are you minding them and their biased analysis......
Some are strictly wishing that OANDO should go down more in price so they can load very cheaply
Don't think they don't have interest in the stock o
By the time the debt issue is structured we'll hear/read another stories from them.

KarlTom:
Ding!

nosa2:
Access Bank or Zenith Bank

PropTrader:
Just wait and watch people give this corportate action their own interpretation from tomorrow.