BBFE:


To all of you quoting me, the post above lead to my subsequent posts.

And for the records, I might not know many things in this life, but managing my funds and investment management can never by any of them.

The aim of my post is that people have different investment appetite and invest accordingly. That an investment does not meet you style doesn't mean it is wrong.

Oga you are just not humble that is the koko

Agbalowomeri:
Oga you are just not humble that is the koko

Humility and money seem to have an inverse relationship

Agbalowomeri:
Oga you are just not humble that is the koko

Dont worry.The market will humble him.

I've been thinking about this new NSE pricing methodology. I think the OS/free float of a stock should have an effect on the price movement.

Transcorp for instance with an OS of 40Bn shouldn't require the same volume to move it's price as say Caverton with OS of around 3Bn

Hi guys,

Please can anyone explain the upward movement of gsk and eterna oil.

Is it a good time to buy.

Thanks

rationalmind:
I've been thinking about this new NSE pricing methodology. I think the OS/free float of a stock should have an effect on the price movement.

Transcorp for instance with an OS of 40Bn shouldn't require the same volume to move it's price as say Caverton with OS of around 3Bn

And everybody go begin bloat their OS

RabbiDoracle:


That is the result of throwing stones at people who analyze and tend to stop people from buying.

Anyway no be our money dem take buy.

Abi

Yes o.

You guys are even trying. if I'm not asked a direct question, I tend not to respond, because I don't want anybody that is looking for "Yes, go ahead" to insult me.

I really researched that Livestock when it was touted here as a future messiah and I saw it was trash and that's why I'm offended by the Olam blame game.

I will repeat it, most Nigeria company's problem is internal. Anybody that wants to start blaming the competition should not be in NSE. Go to NYSE and see what competitors are doing to directly tarnish each other's brand and yet they will still make profit.

For reference see: Ryanair vs Easyjet

locodemy:


Dont worry.The market will humble him.

Oga, being new here does not give an indication of my experience. I repeat, my game is tight when it comes to investment management. When you understand asset allocation and risk management or exposure limits, then there is nothing like the market humbling anyone.

You all have looked away from the impression I was trying to correct. And it is that the Japaul/Milost deal is not a scam and it is not illegal. Like all business transactions, there are risks or uncertainties around it.

There is what is called distressed company investing. If it suits your investment style and stage of life, you'll not be in the wrong adopting it.

Even if the investment in Japaul goes to zero, I've not breached my risk limit. Nothing is sure in this game as cases of many corporate failures abound, and these were companies that were given a clean bill by auditors and regulators.

No be everything we know. When Japaul was at 50kobo, you only need 300 million naira to get 10%. I kid you not, you can use that holding to get contracts from the company and get profit of over 300 million naira in just one financial year.

Is the above not similar to what RabbiDoracle was proposing about investing to take board positions in some companies on the NSE? You can also invest to get contracts.

So you see, what we know is different and our aims also vary.

Japaul is the next goldmine on NSE, Paul Jegede is now a born again manager. In fact he is a turnaround manager, you can take that from me. A new set of millionaires and billionaires will emerge courtesy of this stock, unfortunately at the end of the day 99% or more of the shareholders will be poorer than they are right now.

Mcy56:


@wanj0, pardon my ignorance o, dont you think Japaul already did that before writing to NSE?

See it here: http://www.nse.com.ng/Financial_NewsDocs/20891_JAPAUL_OIL_PLC_-_EQUITY_FINANCING_CORPORATE_ACTIONS_FEBRUARY_2018.pdf

That was a letter informing stakeholders.

The requirement is for them to call an AGM/EGM or a court ordered meeting! They need to get shareholders approval.

Majority shareholder in GSK wanted to increase its stake and likely delist the company from the NSE. The shareholders voted against it and that was the end.

JaPaul need more than 'informing' the shareholders. They require the APPROVAL of the shareholder. JaPaul is no longer a PRIVATE company.

As bad as OandO was, it at least tried to organise such 'meetings'

emmanuelewumi:
Japaul is the next goldmine on NSE, Paul Jegede is now a born again manager. In fact he is a turnaround manager, you can take that from me. A new set of millionaires and billionaires will emerge courtesy of this stock, unfortunately at the end of the day 99% or more of the shareholders will be poorer than they are right now.

I even thought you wanted to give them hope.

emmanuelewumi:
Japaul is the next goldmine on NSE, Paul Jegede is now a born again manager. In fact he is a turnaround manager, you can take that from me. A new set of millionaires and billionaires will emerge courtesy of this stock, unfortunately at the end of the day 99% or more of the shareholders will be poorer than they are right now.

Oga your language is not clear

currentprice:


okomo hav new faiprice of N1O5

I miss this onions at N28 greediness chai!

Haba!!! PE of almost 11 Not likely.

Good result though. The turnover growth is impressive.

The history of a company and her managers determines the culture of the company, smart investors can accurately predict the future of a company from the history and culture of such companies.

Agbalowomeri:
Oga your language is not clear

It takes the deep to identify and understand the deep.

RabbiDoracle:


$250m and $100m.

See money.

$250m (N90bn) EQUITY injection implies 90bn new shares if Milost buy each share at N1.00

kolaish:
This report is capable of sending C & I down to 145k

C&I Leasing is highly leverage (typical of leasing companies). That's why they've tried to raise Capital (equity).

I just dont trust the management to do the RIGHT things at the RIGHT time in the RIGHT place.

emmanuelewumi:


It takes the deep to identify and understand the deep.

Oga you sef dey through stone

Experience is the best teacher so they say, smart and humble people learn from the experience of others..

Just booking space here. I'll be back.

Scammers repackage themselves every 8 to 10 years, dubious companies and managers do same. And they will never lack newer and younger sets of gullible mugus and investors.

They are mugus and highly gullible, who think they know and always argue with the experienced and rational.

Agbalowomeri:
Oga you sef dey through stone

Stone ke, just musing.

wanaj0:

That was a letter informing stakeholders.
The requirement is for them to call an AGM/EGM or a court ordered meeting! They need to get shareholders approval.
Majority shareholder in GSK wanted to increase its stake and likely delist the company from the NSE. The shareholders voted against it and that was the end.
JaPaul need more than 'informing' the shareholders. They require the APPROVAL of the shareholder. JaPaul is no longer a PRIVATE company.
As bad as OandO was, it at least tried to organise such 'meetings'

Okay Sir! Arms crossed.

.......

BBFE:


Oga, being new here does not give an indication of my experience. I repeat, my game is tight when it comes to investment management. When you understand asset allocation and risk management or exposure limits, then there is nothing like the market humbling anyone.

You all have looked away from the impression I was trying to correct. And it is that the Japaul/Milost deal is not a scam and it is not illegal. Like all business transactions, there are risks or uncertainties around it.

There is what is called distressed company investing. If it suits your investment style and stage of life, you'll not be in the wrong adopting it.

Even if the investment in Japaul goes to zero, I've not breached my risk limit. Nothing is sure in this game as cases of many corporate failures abound, and these were companies that were given a clean bill by auditors and regulators.

No be everything we know. When Japaul was at 50kobo, you only need 300 million naira to get 10%. I kid you not, you can use that holding to get contracts from the company and get profit of over 300 million naira in just one financial year.

Is the above not similar to what RabbiDoracle was proposing about investing to take board positions in some companies on the NSE? You can also invest to get contracts.

So you see, what we know is different and our aims also vary.

Again, I have never asked anybody not to invest in JaPaul. It is your money and you are free to invest in any manner or form you like. You owe no one an apology! People invested in MMM and made money. People invested in 'oil company' NOSPETCO and made money. I may not have made money from such 'scams' but I did not lose money because I can spot a scam from afar!

Again $250m is N90bn. That will require JaPaul issuing a minimum of 180bn new shares of 50kobo each to Milost! How sensible is that? I don't need to be a prophet before knowing that the figures just does not add up. Even SEPLAT which is PRODUCING crude oil will not think of getting $250m equity from a single shareholder!

As an investor, if you have $250m and you decide to invest it in JaPaul, it is pure evidence that you don't know what you are doing. Only a scammer will look at the companies in Nigeria and single out JaPaul. I can name many 'oil servicing' companies and JaPaul is NOT one of them.

As to informing shareholders, well, the rule is clear. Go back and check the resolutions put before the shareholders whether it resembles what they are planning with Milost. For the type of transaction, they need an AGM/EGM or a court ordered meeting! As a shareholder (even if na 1,000 units), I am yet to receive that. That's how I know that they do not have APPROVAL of the shareholders!

That said, I have not asked or dissuaded anyone from buying JaPaul. I have ONLY commented on a news story. Never made ANY comment on BUY/SELL recommendation! So please, go ahead and invest in JaPaul. It is your right.

We can however continue to comment on stories. I am waiting for the $500m (N180Bn) suit against the journalists and Businessday! I do pray that they win the case and see how they will collect the $500m! Jokers!!!

Mcy56:


Okay Sir! Arms crossed.

No need to cross your arms madam. I only offer commentary on NEWS item. I dont say anything about what people decide to BUY or SELL. I sometimes try to provide another perspective on issues.

With regards to JaPaul, apologies if ANY of my posts have created the impression that I don't want ANYONE to BUY JaPaul. Please feel free to BUY as many as you want. I have NOTHING against those wanting or planning to BUY JaPaul. I don't work with Businessday so not part of any so called campaign of calumny against JaPaul!

People made money in NOSPETCO, MMM etc so no reason why you cannot make money from JaPaul.

emmanuelewumi:
Scammers repackage themselves every 8 to 10 years, dubious companies and managers do same. And they will never lack newer and younger sets of gullible mugus and investors.

They are mugus and highly gullible, who think they know and always argue with the experienced and rational.

Jesus learnt obedience by the things which He suffered.

NSE is still collecting application and tuition fee

wanaj0:

No need to cross your arms madam. I only offer commentary on NEWS item. I dont say anything about what people decide to BUY or SELL. I sometimes try to provide another perspective on issues.
With regards to JaPaul, apologies if ANY of my posts have created the impression that I don't want ANYONE to BUY JaPaul. Please feel free to BUY as many as you want. I have NOTHING against those wanting or planning to BUY JaPaul. I don't work with Businessday so not part of any so called campaign of calumny against JaPaul!
People made money in NOSPETCO, MMM etc so no reason why you cannot make money from JaPaul.

Oga, I dont mean it in the negative o.
Just learning the more.
Continue doing your good works.

Think its time for me to switch back to my ghost mode

Pls house help me on this, going through forte oil 3rd quarter,they allocated more than 85% of profit after tax to non controlling interest, WHO are this non controlling interest guys ??

Mcy56:


Oga, I dont mean it in the negative o.
Just learning the more.
Continue doing your good works.

Think its time for me to switch back to my ghost mode

Ghost ke, you should comment more often, you have succeeded in bringing an important discuss to the fore and thought provoking revelations were made. At least whoever wants to invest in Japaul for whatever reason knows how best to play the game.

rationalmind:


Humility and money seem to have an inverse relationship

Who told you?

Check Aliko, Bill Gates, Warren and their level of humility.

Your theory only applies to Loco.

samzepaparazi:
Hi guys,

Please can anyone explain the upward movement of gsk and eterna oil.

Is it a good time to buy.

Thanks

Find another opportunity and key in before the news.

Ben Graham has taught us that you can't beat the big monies when the news is out. So as a value investor, get the news ahead of them, buy into it and wait.

#stalking