₦airaland Forum

KarlTom:
I just read the AGM Resolutions of ABBEY BANK and I am shocked.

Resolution 8a:
That the Directors be and are hereby authorized to raise additional equity capital of up to ₦64,547,232,853.95 (Sixty Four Billion, Five Hundred and Forty-Seven Million, Two Hundred and Thirty-Two Thousand, Eight Hundred and Fifty Three Naira, Ninety-Five Kobo) by way of private placement of 26,562,647,265 (Twenty-Six Billion, Five Hundred and Sixty-Two Million, Six Hundred and Forty-Seven Thousand, Two Hundred and Sixty-Five) ordinary shares of 50 kobo each at ₦2.43K (Two Naira Forty-Three Kobo) per share, subject to regulatory approvals

Resolution 8b:
That the Issued Share Capital of the Bank be increased from ₦5,076,923,077 (Five Billion, Seventy-Six Million, Nine Hundred and Twenty-Three Thousand, Seventy-Seven Naira) divided into 10,153,846,154 (Ten Billion, One Hundred and Fifty Three Million, Eight Hundred and Forty Six Thousand, One Hundred and Fifty Four) ordinary shares of 50 Kobo each to ₦18,358,246,709.5 (Eighteen Billion, Three Hundred and Fifty Eight Million, Two Hundred and Forty Six Thousand, Seven Hundred and Nine Naira, Fifty Kobo) by the creation of up to 26,562,647,265 (Twenty Six Billion, Five Hundred and Sixty Two Million, Six Hundred and Forty Seven Thousand, Two Hundred and Sixty Five) Ordinary shares of 50 Kobo each; such new shares to rank pari passu in all respects with the existing ordinary shares in the capital of the Bank.


The same ABBEYBDS was ₦2.40 on 29 November 2024. It peaked at ₦14.95 on 6 February 2026 and is being given away for ₦2.43

Sometimes we should not blame SEC and NGX for the way most of these companies behave.

Who were the shareholders at the AGM where these ridiculous motions were carried?

KarlTom:
I just read the AGM Resolutions of ABBEY BANK and I am shocked.

Resolution 8a:
That the Directors be and are hereby authorized to raise additional equity capital of up to ₦64,547,232,853.95 (Sixty Four Billion, Five Hundred and Forty-Seven Million, Two Hundred and Thirty-Two Thousand, Eight Hundred and Fifty Three Naira, Ninety-Five Kobo) by way of private placement of 26,562,647,265 (Twenty-Six Billion, Five Hundred and Sixty-Two Million, Six Hundred and Forty-Seven Thousand, Two Hundred and Sixty-Five) ordinary shares of 50 kobo each at ₦2.43K (Two Naira Forty-Three Kobo) per share, subject to regulatory approvals

Resolution 8b:
That the Issued Share Capital of the Bank be increased from ₦5,076,923,077 (Five Billion, Seventy-Six Million, Nine Hundred and Twenty-Three Thousand, Seventy-Seven Naira) divided into 10,153,846,154 (Ten Billion, One Hundred and Fifty Three Million, Eight Hundred and Forty Six Thousand, One Hundred and Fifty Four) ordinary shares of 50 Kobo each to ₦18,358,246,709.5 (Eighteen Billion, Three Hundred and Fifty Eight Million, Two Hundred and Forty Six Thousand, Seven Hundred and Nine Naira, Fifty Kobo) by the creation of up to 26,562,647,265 (Twenty Six Billion, Five Hundred and Sixty Two Million, Six Hundred and Forty Seven Thousand, Two Hundred and Sixty Five) Ordinary shares of 50 Kobo each; such new shares to rank pari passu in all respects with the existing ordinary shares in the capital of the Bank.


The same ABBEYBDS was ₦2.40 on 29 November 2024. It peaked at ₦14.95 on 6 February 2026 and is being given away for ₦2.43

Sometimes we should not blame SEC and NGX for the way most of these companies behave.

Who were the shareholders at the AGM where these ridiculous motions were carried?

Valthegreat:
Please who are the speculators that will buy Oando rights at #50 when the price on the floor can't hold above that? I will simply trade my own right if I can see buyers. Which kind company be this, same strategy no change. See how Dang Sugar is stubbornly holding gidigba above rights price.

Beeron:
NGX Lost ₦2.29 Trillion in Two Days — What Happened?

There is currently fear in the market but ....

If you understand this video, you will never FEAR any stock market dip or correction again.


https://www.youtube.com/watch?v=0u__UfDLxoE?si=SOYSKlBaoptLU5sa

nosa2:
They deserve to lose their money

ositadima1:
Let's say I bought Dangote Cement at ₦300 when fuel was also ₦300 per litre, before the Tinubu administration. Now, my investment has grown by about 3.7 times, almost 4 times my original capital. I decide to take profit, but the problem is that the ₦1,100 I can now sell the stock for cannot buy the same amount of fuel the ₦300 could back then.

My question is: did I really make a gain?

Another question: should I be worried that bears are coming to push these stocks down?

PETERiCHY:
Don't miss out on those 3 VIP STOCKS

DON'T SAY YOU WERE NOT INFORMED,

BARGAIN HUNTERS TAKE NOTE!

Streetinvestor2:
They are not going to lose any money.That stock will likely do better than Access Bank in short/medium term than Access 2028 target

yMcy56:
Thought you sold in MAY and went away already.....to come back in November

megawealth01:
Bitisi will send people to village oooo

Crypto no bi for the faint hearted ooooo

nosa2:
I was thinking of opening a short position. I still might sha

ositadima1:
Let's say I bought Dangote Cement at ₦300 when fuel was also ₦300 per litre, before the Tinubu administration. Now, my investment has grown by about 3.7 times, almost 4 times my original capital. I decide to take profit, but the problem is that the ₦1,100 I can now sell the stock for cannot buy the same amount of fuel the ₦300 could back then.

My question is: did I really make a gain?

Another question: should I be worried that bears are coming to push these stocks down?

megawealth01:
I don open since yesterday... I'm cruising ooooo

Reason ALLOUSDT at your own risk oooooo

nosa2:
Make I keep my money jor

megawealth01:
As analysts were saying bitisi won't enter 59k yesterday na so I rush enter short at ×50 at 64k with correct support and SL

Na only sleep I no sleep but na money I see sha

nosa2:
I guess this is where you expect me to say no it won't and then we would enter the oh so childish back and forth about which stock is better and blah blah blah. Oh well....

nosa2:
X50 leverage!!! Jesus!!!!

I no fit do pass x5 if I do at all and i will only do it for some excitement and maybe some roasted fish this weekend. I no go do sha, I already have call options on a US stock that is bleeding. I go get my excitement from there

megawealth01:
Please what's the name of the stock?

nosa2:
Joby Aviation. Ticker symbol: JOBY

Streetinvestor2:
Nope...we are not comparing which is better
Time will tell which will deliver in short/medium term.Infact in 2026 vdf will deliver better than Access
My only concern is about the market generally because of election. The next election is going to determine the survival of nigeria.

Beeron:
Question one answer: Yes you made gain by beating inflation when you factor in the percentage by which your money grew.

2 — You should be glad and happy.

Only be worried when stocks rally too fast and they refused to correct, it will mean a bubble for a very long time and that's dangerous.

megawealth01:
T for thanks

ositadima1:
Let's say I bought Dangote Cement at ₦300 when fuel was also ₦300 per litre, before the Tinubu administration. Now, my investment has grown by about 3.7 times, almost 4 times my original capital. I decide to take profit, but the problem is that the ₦1,100 I can now sell the stock for cannot buy the same amount of fuel the ₦300 could back then.

My question is: did I really make a gain?

Another question: should I be worried that bears are coming to push these stocks down?

ositadima1:
Let's say I bought Dangote Cement at ₦300 when fuel was also ₦300 per litre, before the Tinubu administration. Now, my investment has grown by about 3.7 times, almost 4 times my original capital. I decide to take profit, but the problem is that the ₦1,100 I can now sell the stock for cannot buy the same amount of fuel the ₦300 could back then.

My question is: did I really make a gain?

Another question: should I be worried that bears are coming to push these stocks down?