pythondjango:
let the mrkt force move it to #11 atleast within the next 2weeks.

If only wishes were horses........

pls can anybody tell us the look of things for the following stocks{livestock,eterna,npfmicrofinance,maybaker} going by the current financial result released so far and with the current underlying market realities based on the politicanomics trends.

9free:

If only wishes were horses........

My e-twin,I'm i a begger,lol!

oga passwelle I have pm for you òoo

pythondjango:
let the mrkt force move it to #11 atleast within the next 2weeks.

Keep dreaming.

jamace:
Hello Bnsitl, market don open o. Buy your shares now!

Pls, i need a good and trustworthy broker to buy shares for me. Would appreciate if you introduce one to me.

ogoo4real:
Guinness on full offer, no bid. Can someone explain it to me please.

Oga SWG1, the day the above post was made people dey wey carry 9% (before charges) commot 1759 intraday. Yesterday folks here complained of nothing to buy, same 1759 market makers turned up. We win some, lose some, but strive to win more.

Youngzedd:



Keep dreaming.

OK,no problema!
But aleast a range of #13.XX - #11/12 is OK for me.So keep living in illusion because mrkt mind is ur own,abi.

AkinadeDare:



Pls, i need a good and trustworthy broker to buy shares for me. Would appreciate if you introduce one to me.

Go to MorganCapital or investment one securities int'l.That's my candid shot!

Eight companies to raise N180b as core investors stake more funds
Posted by: Taofik Salako in Business 22 hours ago

The new issue market promises to be quite active in the second half as eight companies have initiated plans to raise about N180 billion as core investors signalled they would be providing additional funds to support their companies.
Regulatory filings and investment banking data obtained by The Nation indicated that not less than eight companies have started plans to raise new funds, with nearly 60 per cent already at the initial regulatory approval stage.
The largest chunk of the new funds, according to the data, will be raised through equity issues, while some 15 per cent of the value may be through debt issues.
Also, about three-quarters of the new issues are expected to be in form of rights issue, a supplementary equity issuance under which shares are pre-allotted to existing shareholders. All the companies undertaking rights issue have substantial majority core investors, who are expected to provide in most instances more than a quarter of the new equity funds.
Rights issue gives the first right of refusal to existing shareholders and thus preserve existing shareholding structure. It however ,provides window for new investors to buy into the company through rights trading on the secondary market.
Chief executive officer, Finawell Capital Limited, Mr. Tunde Oyekunle, said the preference for rights issue might not be unconnected with the lingering apathy and erosion of investors’ confidence that arose from market downturn in 2007, which has continued to haunt the primary market.
He said some companies are also mindful of the shareholding dilution that may likely come from public offers while management of some companies feel existing shareholders will understand management strategy and trust their investment with them than new shareholders.
“Most companies are embarking on rights issues due to the certainty that they can raise the required funds from existing investors, particularly the institutional shareholders and some large bloc holders who may be fully committed to retain their shareholding positions in the companies. Those shareholders will definitely have a buy in into such rights issues before they are floated. Another reason is that public offers may not necessarily get patronage or commitment from new investors due to the current state of the market,” said Sewa Wusu, economist and head of research and investment advisory at Sterling Capital Markets Limited.
Lt. Gen. Theophilus Danjuma (rtd ), the chairman and major core investor in May & Baker Nigeria, is taking the lead in the recapitalisation of the healthcare company. Danjuma, a multi-billionaire, holds the largest equity stake of 24.38 per cent in May & Baker Nigeria through his company, T.Y Holdings Limited.
There are strong indications that Danjuma, who had earlier extended N2 billion bail-out to the company, might consider providing additional equity funds beyond his pre-allotted shares to bolster the success of the rights issue.
He told other shareholders last month that the board of the company had decided to opt for rights issue and delay the offer till now to enable all shareholders pick their rights in line with the company’s commitment to equitable and fair treatment of shareholders who had stood by the company through thick and thin.
Shareholders had earlier in 2014 approved a resolution authorizing the company to raise additional N3.2 billion. The shareholders also empowered the directors to decide on absorption of excess monies from the new capital issue.
The new capital issue would be for the “purposes of enhancing the company’s working capital and financing the development of the company’s businesses”.
To create headroom for the new capital issue, shareholders also increased the authorised share capital of May and Baker Nigeria from N1 billion, consisting of 2.0 billion ordinary shares of 50 kobo each, to N1.90 billion, consisting of 3.8 billion ordinary shares of 50 kobo each, by creating additional 1.80 billion ordinary shares of 50 kobo each. May & Baker currently has 980 million issued shares outstanding on the Nigerian Stock Exchange (NSE).
Flour Mills of Nigeria Plc, Nigeria’s most capitalised and largest flour-milling company, plans to raise about N40 billion from existing shareholders as the flour miller seeks to consolidate recent investments and support ongoing corporate restructuring with long-term funds.
A regulatory filing indicated that the board of directors of Flour Mills has called shareholders to an extraordinary general meeting next month to discuss and approve resolutions on increase in authorised share capital of the company and a rights issue.
The board of director is proposing increase in authorised share capital of the company from N2 billion to N2.5 billion through the creation of additional 1.0 billion ordinary shares of 50 kobo each.
The company then plans to raise up to N40 billion in new equity funds from existing shareholders. In the event of under-subscription, the board is seeking shareholders’ mandate to allocate unsubscribed rights’ shares to interested investors.
Shareholders are also expected to empower the board of directors to use net proceeds of the rights issue to meet the funding requirements of the company.
As banks continue to preempt future changes in capital requirements, deposit money banks are expected to be among the major players in the new issue market in the second half. Two of Nigeria’s strategically important banks (SIBs), Stanbic IBTC Holdings Plc and Skye Bank Plc, are raising new equity funds in the second half.
Stanbic IBTC Holdings Plc, the holding company for Stanbic IBTC Bank and other subsidiaries, plans to raise N20.4 billion from its shareholders. A regulatory filing indicated that Stanbic IBTC Holdings would be issuing 800 million ordinary shares of 50 kobo each to existing shareholders at N25.50 per share. The rights issue will be pre-allotted to shareholders in the book of the company on the basis of two new ordinary shares for every 25 ordinary shares held by the close of business yesterday.
Skye Bank Plc plans to raise about N30 billion in new equity funds in the third quarter. It had earlier indicated it could raise as much as N50 billion, an amount still within the range of the latest offer value of N30 billion in the event of a provision for absorption of excess monies.
Group Managing Director, Skye Bank Plc, Mr. Timothy Oguntayo said the bank would be raising some N30 billion tier 1 capital, referring to new equity funds, in the third quarter.
While Skye Bank is still finalising the details of the equity issue, there are indications that the supplementary issue will include an element of rights issue.
Presco Plc, a palm oil plantation and processing company, has commenced the process to raise some N3 billion new equity funds from its major core investor and other minority shareholders to reorganise its highly leveraged capital structure.
Sa Siat nv, which holds 60 per cent majority equity stake in Presco, will provide nearly two-thirds of the rights funds. First Inland Bank/Fidelity Finance Company (TRDG), which holds 8.0 per cent equity stake, is expected to provide the second largest chunk of the funds. Presco has some 9,415 shareholders with the largest group of shareholders holding small units within the range of 1000 to 10,000 shares.
Sterling Bank Plc, which had raised some N19 billion new equity funds through special placement late last year, and Wema Bank Plc, are also said to be considering further capital raising. Wema Bank Plc also plans to raise $100 million in tier II capital,

http://thenationonlineng.net/new/eight-companies-to-raise-n180b-as-core-investors-stake-more-funds/

Why is this environment calm this morning?

jamace:
Why is this environment calm this morning?

know money to buy many are angry for what they see now in nse but what is your business? one love to all .

I blame buhari. release ministerial list since, e dey do shakara. Baba one chance indeed.

Dragonking:
I blame buhari. release ministerial list since, e dey do shakara. Baba one chance indeed.

you don enter one chance as you say now.

Dragonking:
I blame buhari. release ministerial list since, e dey do shakara. Baba one chance indeed.

cornwall:

JIJO turned to JOJI without CASH = SILENCE.

spicytayomic:

Tjohn1:

OANDO is trying to mine coal with the price actions.

Some ji and cannot Jo cos of low volumes.

@ jijo enthusiasts,
Please avoid this mistake.
When u ji, and want to place order for Jo, plz don't use good till date. You can use other options.
I used that good till date and set my exit price. Guys, I cannot edit the price nor delete the the trade. The option is simply not highlighted and cannot be selected. I am patiently waiting for the sale to be executed or for d date I put to reach so DT I can make amendment.

oando down again, gud move

jp130:
oando down again, gud move

OK,we are moving there b4 baba make ministerial list which is poised to tilt d market up from the current wait and see approach of market players.

mercylicious:



OANDO is trying to mine coal with the price actions.

Some ji and cannot Jo cos of low volumes.

If you really want to know what Wale and coy are doing with OANDO go and watch this movie

The Wolf of Wall Street:
https://www.youtube.com/watch?v=PlSjPfpmhIU

That was why I said earlier last year that you can only invest your long term IDLE FUND, if not you are on your own.

Pls can any1 post both the bid and offer volume of skye bank plc thanks.

MoxyzFM:
Pls can any1 post both the bid and offer volume of skye bank plc thanks.

Bid 2.2 millon; offer 4.8 million

For those in JB
http://www.nse.com.ng/CompanyAnnouncements/Notification%20of%20Sale%20of%20Julius%20Berger%20Nigeria%20Plc%20Shares%20by%20Bilfinger%20SE.pdf

spicytayomic:

Is anyone here able to shortsell?