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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11096409 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 3:22pm On Aug 19, 2018 |
Mcy56: He will tell us his true location when he becomes sober, he is still high now |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 3:24pm On Aug 19, 2018 |
Mcy56:Abeg hep us identify the person wey be that. I kw say na only one Dr. dey village as we speak. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:28pm On Aug 19, 2018 |
Agbalowomeri:I dont believe that Loco's biz trip is to the village jor. Let Mpeace tell us the truth, na im be that. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:31pm On Aug 19, 2018 |
Mpeace:Na you or Mendes jor! Except if someone else go village without telling anybody, maybe cornwall, cos na corn season be this. If na pix of a man holding a woman very closely or someone holding 'kola', I know say no controversy, na Agba be dat. |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 3:50pm On Aug 19, 2018 |
Mcy56: Judging by the injury/woninjurement on his teeth, you should know the person he might be. My last injury was severally months ago and the injury don heal self. #RunsAway... |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:55pm On Aug 19, 2018 |
mendes911: |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 3:56pm On Aug 19, 2018 |
Mpeace: You don carry your picture come put for forum. By the time I go laugh now, you and your goons will come for my head, that I should mind my business. Keep your pictures personal oooo. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 3:56pm On Aug 19, 2018 |
Mcy56:Na me snap de pix. and no be selfie. So no be me. I no even dey village. I just pass village to beg Agba make him release NSE from him... so that we go get small bull. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 3:57pm On Aug 19, 2018 |
mendes911: Abeg make una use some diamond helep patch the teeth biko |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:58pm On Aug 19, 2018 |
Mpeace:I think say you beg one amateur villager to help you snap am ni. Rotfl. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 4:00pm On Aug 19, 2018 |
mendes911:Na me snap de pix na, that pix no be selfie. Abi na that dumptruck guy wey no succeed sell wapco at 3Euro? You know say after every trip, him go need warm body with whisky. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 4:05pm On Aug 19, 2018 |
Mcy56:No ooo. No be me. But we need to do roll call o, that is the only way we can determine who be that. If you hear ur name ansa present: 1. Pa Ihedi... |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:07pm On Aug 19, 2018 |
Mpeace:E fit be him o. You know say he announce say make we dey reposition too, say bull dey come, whether repositioning don get K-leg and he just dey cool body after supplying them in Agba's village. .... I no think say na Peterichy sha. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:08pm On Aug 19, 2018 |
Mpeace:Chai! |
Re: Nigerian Stock Exchange Market Pick Alerts by Greatkhad: 4:37pm On Aug 19, 2018 |
kolaish: Thank you very much |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:41pm On Aug 19, 2018 |
Somebody please tell me what happens when you buy a stock and it is delisted on NSE. I’m just curious o |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 6:05pm On Aug 19, 2018 |
Loco loco where art thou |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:10pm On Aug 19, 2018 |
4601CE: I think the obvious is you become a share holder for life |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:10pm On Aug 19, 2018 |
4601CE:You are still a member and shareholder of that company, but... |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:14pm On Aug 19, 2018 |
rationalmind: Mpeace:Chaii |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 6:16pm On Aug 19, 2018 |
4601CE: Depends on the circumstances surrounding the delisting... I have seen stocks transferred to another company (I mean the purchasing company) if the delisting is as a result of buy out. I believe cash back may also be an option. In any case, delisting doesn't sound good in itself so you know what can happen to the value of the stock... If the company can no longer continue as a going concern (or what they call it), then it is a different ball game entirely, likely the 20k or 1k as it applies will be given back to the ordinary shareholders. I also believe you can choose to hold the shares like a 'shiarman'. more ideas will come from the more experienced forumites. |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 6:26pm On Aug 19, 2018 |
rationalmind: Your best bet is to laminate the certificates and hang on the wall of your house... |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 6:34pm On Aug 19, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Ugosample(m): 9:02pm On Aug 19, 2018 |
Godlylifeoneart: Thanks for sharing |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 9:12pm On Aug 19, 2018 |
Socrates, Plato and Aristotle...! Three musketeers of Greek philosophy. I wish you guys could join me at a classical concert....Janina Fialkowska "mind massage"... with some F.Chopin for ecstasy... ongoing
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Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:26pm On Aug 19, 2018 |
swilo:You sef don begin drink petesi |
Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 9:49pm On Aug 19, 2018 |
4601CE: Nice question.. I have a few thousands of Evansmedical in my portfolio that I don know what to do with or how to go about it. |
Re: Nigerian Stock Exchange Market Pick Alerts by prof2007: 11:33pm On Aug 19, 2018 |
4601CE: "Delisting" means removal of a listed stock from the Nigerian Stock Exchange (NSE) or any exchange on which it is traded. Various reasons can cause delisting: 1. BANKRUPTCY When a company goes bankrupt, the shares will usually be delisted and cease to exist entirely. Also, when a company is going bankrupt, it will usually have violated one or more of the exchange's requirements, and might even be delisted before bankruptcy officially occurs. Implication for shareholders: The shareholder's investment is lost. 2. DISSOLUTION A company might choose to dissolve entirely. In such an instance, the company will sell all assets, pay off creditors and distribute remaining proceeds to shareholders. After dissolution is completed, the shares will be delisted from the exchange. Implication for shareholders: Depends on what is "left over" for shareholders after settling creditors. 3. VOLUNTARY DELISTING TO GO PRIVATE A company may decide to go private i.e. to stop being a publicly traded company. In that case it will apply for voluntary delisting from the NSE e.g. Nigerian Bottling Company, Great Nigeria Insurance. Implication for shareholders: The investment is intact but the shares cannot be traded on the NSE. However, trading can be done on the National Association of Securities Dealers (NASD)'s Over-the-Counter (OTC) market. In many cases shareholders will be paid cash for their shares when delisted from the NSE. 4. VOLUNTARY DELISTING DUE TO BUYOUT A company can be delisted due to a buyout by another company. Implication for shareholders: You might receive cash for your shares or get shares of the acquiring company. If the company is taken private, shareholders will generally receive a cash payment for their shares when delisted. In many cases, the buyout is done at a premium so the shareholders get a much higher payment than the NSE trading price valuation. 5. VOLUNTARY DELISTING BY MERGER A merger can also lead to voluntary delisting e.g. Oceanic Bank which merged with Ecobank, Intercontinental Bank which merged with Access Bank Plc. Implications for shareholders: They will either receive cash or be given shares in the merged entity. 6. FORCED DELISTING (FOR FAILURE TO MEET NSE REQUIREMENTS) Companies listed on an exchange such as the NSE need to meet certain minimal requirements e.g. compliance with International Financial Reporting Standards, submission of quarterly, semi-annual and annual statements, annual certification on adherence to corporate governance, annual listing fees, e.t.c. Continued failure to meet any of the requirements can eventually cause the company to be "forcibly" delisted from the exchange e.g. Onwuka Hi-Tek, Oluwa Glass, Nigerian Wire Industries. Implication for shareholders: In majority of cases, the investment is lost. In the last 16 years, no less than 93 companies have been voluntarily or forcibly delisted from the Nigerian Stock Exchange. The following were delisted from the Daily Official List of the NSE between 2002 and April 2018. S/N COMPANY DATE DELISTED REASON FOR DELISTING 1 IMPRESIT BAKOLORI PLC 2002 Voluntary 2 DUMEZ NIGERIA PLC 2002 Regulatory: NSE 3 CFOA NIGERIA PLC 2007 Voluntary 4 ACEN INSURANCE PLC 2008 Regulatory: NAICOM 5 ATLAS NIGERIA PLC 2008 Regulatory: NSE 6 CERAMICS MFG. COY. PLC 2008 Regulatory: NSE 7 AMICABLE INSURANCE PLC 2008 Regulatory: NAICOM 8 BAICO INSURANCE PLC 2008 Regulatory: NAICOM 9 BEVERAGES (WA) NIG. PLC 2008 Regulatory: NSE 10 ENPEE PLC 2008 Regulatory: NSE 11 TATE INDUSTRIES PLC 2008 Regulatory: NSE 12 MAUREEN LAB. PLC 2008 Regulatory: NSE 13 RIETZCOT NIGERIA PLC 2008 Regulatory: NSE 14 INTRA MOTORS NIG. PLC 2008 Regulatory: NSE 15 AVIATION DEV. COY. PLC 2008 Regulatory: NAICOM 16 GROMMAC INDUSTRIES PLC 2008 Regulatory: NSE 17 ONWUKA HI-TEK. PLC 2008 Regulatory: NSE 18 NIGERIAN LAMPS PLC 2008 Regulatory: NSE 19 NIGERIAN YEAST & ALCAHOL MFG. PLC 2008 Regulatory: NSE 20 SECURITY ASS. PLC 2008 Regulatory: NAICOM 21 SUN INSURANCE PLC 2008 Regulatory: NAICOM 22 NIGERIAN TEXT. MILLS PLC 2008 Voluntary 23 FOOTWEAR MFG. PLC 2009 Regulatory: NSE 24 FERDINAND OIL MILLS PLC 2009 Regulatory: NSE 25 CHRISTLIEB PLC 2009 Regulatory: NSE 26 BCN PLC 2009 Regulatory: NSE 27 LIZ-OLOFIN & COY. PLC 2009 Regulatory: NSE 28 OLUWA GLASS COY. PLC 2009 Regulatory: NSE 29 ASABA TEXTILE MILLS PLC 2009 Regulatory: NSE 30 ABOSELDEHYDE LAB. PLC 2009 Regulatory: NSE 31 EPIC DYNAMIC PLC 2009 Regulatory: NSE 32 FADMAD PLC 2009 Regulatory: NSE 33 ABA TEXTILE MILLS PLC 2009 Regulatory: NSE 34 AFPRINT PLC 2010 Regulatory: NSE 35 INCAR PLC 2010 Voluntary 36 NIGERCEM PLC 2011 Regulatory: NSE 37 DAILY TIMES PLC 2011 Regulatory: NSE 38 ALBARKA AIRLINE PLC 2011 Regulatory: NSE 39 FOREMOST DAIRIES PLC 2011 Regulatory: NSE 40 WIGGINS TEAPE NIG. LC 2011 Regulatory: NSE 41 OKITIPUPA OIL PALM PLC 2011 Regulatory: NSE 42 FIRST CAP. INV. & TRUST PLC 2011 Regulatory: NSE 43 FLEXIBLE PACKAGING PLC 2011 Regulatory: NSE 44 NEWPAK PLC 2011 Regulatory: NSE 45 KRABO NIGERIA PLC 2011 Regulatory: NSE 46 TROPICAL PETRO. PLC 2011 Regulatory: NSE 47 NIGERIAN BOTTLING COY PLC 2011 Voluntary 48 NAMPAK PLC 2011 Voluntary 49 UNITED NIG. TEX. PLC 2011 Voluntary 50 BANK PHB PLC 2011 Nationalised: CBN 51 AFRIBANK PLC 2011 Nationalised: CBN 52 SPRING BANK PLC 2011 Nationalised: CBN 53 INTERCONTINENTAL BANK PLC 2011 Merged with Access Bank Plc. 54 OCEANIC BANK PLC 2011 Merged with ETI 55 FINBANK PLC 2011 Merged with FCMB Plc. 56 ECOBANK PLC 2011 Absorbed by ETI: Now Ecobank Nigeria Ltd 57 ABPLAST PLC 2012 Regulatory: NSE 58 UDEOFOSIN GARMENT PLC 2012 Regulatory: NSE 59 HALLMARK PAPER PRODUCT PLC 2012 Regulatory: NSE 60 BACGO BAG PLC April 11, 2013 Merged with Flour Mills Plc 61 CRUSADER NIGERIA PLC May 13, 2013 Merged with Custodian & Allied Insurance Plc. 62 WEST AFRICAN ALUMINIUM PLC June 3, 2013 Regulatory: NSE 63 NIGERIAN WIRE INDUSTRY PLC Jun2 3, 2013 Regulatory: NSE 64 BIG TREAT PLC November 24, 2014 Voluntary 65 AFROIL PLC November 24, 2014 Voluntary 66 STARCOMMS PLC November 24, 2014 Voluntary 67 PINNACLE POINT GROUP November 24, 2014 Voluntary 68 POLY PRODUCTS PLC December 12, 2014 Voluntary 69 OASIS INSURANCE December 31, 2014 Acquired by FBN Life Insurance 70 CAPPA AND D'ALBERTO January 16, 2015 Voluntary 71 IPWA PLC May 18, 2016 Regulatory: NSE 72 G. CAPPA PLC May 18, 2016 Regulatory: NSE 73 WEST AFRICAN GLASS INDUSTRIES PLC (WAGI) May 18, 2016 Regulatory: NSE 74 INVESTMENT & ALLIED INSURANCE PLC May 18, 2016 Regulatory: NSE 75 ALUMACO PLC May 18, 2016 Regulatory: NSE 76 JOS INTERNATIONAL BREWERIES PLC May 18, 2016 Regulatory: NSE 77 ADSWITCH PLC May 18, 2016 Regulatory: NSE 78 ROKANNA PLC May 18, 2016 Regulatory: NSE 79 VONO PRODUCTS NIGERIA PLC May 23, 2016 Merged with Vitafoam Plc 80 Lennards (Nigeria) Plc December 1, 2016 Regulatory: NSE 81 P.S Mandrides & Company Plc December 1, 2016 Regulatory: NSE 82 Premier Breweries Plc December 1, 2016 Regulatory: NSE 83 Costain (W.A) Plc December 1, 2016 Regulatory: NSE 84 Navitus Energy Plc December 1, 2016 Regulatory: NSE 85 Nigerian Ropes Plc December 1, 2016 Regulatory: NSE 86 Beco Petroleum Products Plc May 2, 2017 Regulatory: NSE 87 MTECH Communications Plc May 2, 2017 Regulatory: NSE 88 MTI Plc May 2, 2017 Regulatory: NSE 89 UTC Plc May 2, 2017 Regulatory: NSE 90 Ashakacem Plc July 4, 2017 Voluntary 91 Seven-Up Bottling Company Plc March 5, 2018 Voluntary (Shareholders Approval) 92 African Paints (Nigeria) Plc April 6, 2018 Regulatory 93 Afrik Pharmaceuticals Plc April 6, 2018 Regulatory 10 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Babayukidolason: 1:21am On Aug 20, 2018 |
greetings investors. am glad i found myself here. i lack knowledge concerning this stocks and shares but i have real interest for it. how do i learn the basics and grow. i want to be an investor too. i need help. thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:35am On Aug 20, 2018 |
Business Money Reality dawns as debts wobble under sustainability test By Chijioke Nelson, Asst. Editor, Finance/Economy 30 July 2018 | 4:26 am Ms Patience Oniha, Director-General, Debt Management Office, Nigeria Nigeria failed the test conducted to determine its ability to sustain ongoing borrowings and their repayments in the next five and 10 years, an affirmation of the growing fears over increasing level of borrowings and huge costs incurred in servicing them. The revelation, by the Debt Management Office (DMO), which appears too big to be covered up, was contained in the routine yearly Fiscal Sustainability Analysis. The development simply means that going by the level of borrowings, expected revenue and interest payable, the country would give more in meeting its obligations in the next five years and get worse in the next 10 years from now. This also shows the near impossibility of ending deficit budgeting through retained earnings. Specifically, the analysis, which covers the domestic and external debt of the Federal Government, states and Federal Capital Territory, as well as their respective revenues, including Internally Generated Revenue (IGR), were declared vulnerable, despite being below international threshold |
Re: Nigerian Stock Exchange Market Pick Alerts by edwardaigb: 8:11am On Aug 20, 2018 |
Mpeace: A real shayo man. |
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 8:55am On Aug 20, 2018 |
MSCI MOVEMENT FOR 17 AUGUST 2018/GENERAL COMMENT No trade by the fund on 17 August 2018. Still in my relaxing mood. No hurry to buy anything. This market has sent many of us back to the drawing board; I am looking at how to recover after a big loss. One of the lessons points to consider is to stop further buying, go and look at those things you have bought, at what point did I you get into the market to buy those loss making equities. Then look at how you can prevent buying at those loss making points in the future. To prevent buying at those wrong points, you may need to have a trading plan or rule. For me one of such rules will be never to buy a stock with negative shareholders fund or is just coming out of negative shareholders’ fund position, takes a lot of effort to recover from such catastrophic situations (John Holt, Cadbury etc). If at all I get into those stocks, I know I am just in on a short term basis!!! Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling. Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. N:B Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months. 3 Likes |
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