DeRuggedProf:


Are you telling me then that you have not just confessed to trading on insider information or at least tipping others to do so?

Lol. It's amateur hour bro. Hahahahahahaha.

735i:


http://www.nse.com.ng/Financial_NewsDocs/24598_DIAMOND_BANK_PLC_CORPORATE_ACTIONS_DECEMBER_2018.pdf

What I know is now public information.

Or the rest of you who trolled me.... I only wish you would have sense.

Yariya.... Enjoy your good fortune!
Ciao

Now here the real story..

735i:


Guy. Free my mentions. I've moved on. You should too.

Except you no post, I must quote....
I am enjoying our chat, biko.

Lol. Na person wey no know DeReggedProf go dey vex for im posts.

Going back to BBM room..

Eku diamond bank oo..

austinkenneth:
The diamond deal will not fly at N3.13 because it is at huge discount to the net asset value of the company.

The shareholders know more better than that and will not approve the deal..Carlyle owns more than 17% which they purchased at about N9.00

Without their approval, the deal will be dead on arrival.

The legal battle involved will take at least a year.

Good news for some SANs.

Meaning the market MAY push it to at least N3 b4 the shareholders vote.

wanaj0:
Best time to be a lawyer. From election tribunal to this one.
Abeg, any law firm quoted on NSE

OMG

DeRuggedProf:
Except you no post, I must quote.... I am enjoying our chat, biko.

Abeg free the guy. I don laugh tire.
If he talk say you no be of value here, wetin he go talk about me?

*Corporate actions:*

Access Bank will hold an investor call on the 19th of December at 4pm to discuss it's proposed merger with Diamond Bank.

Visit Nairametrics.com for more news.

Access Bank Offers Diamond Bank Shareholders Juicy Package
https://businesspost.ng/2018/12/17/access-bank-offers-diamond-bank-shareholders-juicy-package/

Yayira:
Going back to BBM room..

Eku diamond bank oo..

No try o!
I will break down his window today.
I hate stories that touch....

...but these media houses self, their wahala too much. See as they are following them bumper to bumper.

Infinitisi:
Lol. Na person wey no know DeReggedProf go dey vex for im posts.

Honestly. He just kept on whining him........
Good that Mendes did not talk amidst all these, na im head dey for put everything as if na im be media.

Raider76:


Meaning the market MAY push it to at least N3 b4 the shareholders vote.

In my humble opinion, there is every possibility of a deadlock.

The shareholders will go for a higher price.

Access may not want to pay the higher price given that they have already offered ~30% of book value and Access itself is trading at ~50% book value.

this deal has a 50% chance of going through. IF it doesn't go through, I expect Diamond to drop down to 80K.

Yayira:


Now here the real story..

2 Access bank for 7 Diamond.

dipoolowoo:
Access Bank Offers Diamond Bank Shareholders Juicy Package
https://businesspost.ng/2018/12/17/access-bank-offers-diamond-bank-shareholders-juicy-package/

2 : 7 not bad

DeRuggedProf
wanaj0:



“The offer represents a premium of 260 percent to the closing market price of N0.87 per share of Diamond Bank on the Nigerian Stock Exchange as of December 13, 2018, the date of the final binding offer.”


Will anyone buying today get this offer?

Raider76:


Meaning the market MAY push it to at least N3 b4 the shareholders vote.

Can't certain shareholders negotiate separately with the acquiring company?

OBAGADAFFI:
DeRuggedProf
wanaj0:



“The offer represents a premium of 260 percent to the closing market price of N0.87 per share of Diamond Bank on the Nigerian Stock Exchange as of December 13, 2018, the date of the final binding offer.”


Will anyone buying today get this offer.

Why ask the wrong people, are you afraid of directing the question to the guy that packaged the offer?

einsteine:


Can't certain shareholders negotiate separately with the acquiring company?

Only one person can answer this on this forum....
Do him/her a PM.

So Yayira still went ahead with her threat. I am off to BBM's house....
Both have gone silent o!

DeRuggedProf:


Why ask the wrong people, are you afraid of directing the question to the guy that packaged the offer?

It is better we get answer from ACTIVISTS like you, at least you are neutral to the offer.

GonFreecss1:


Unity bank is one of the most leveraged banks/companies on NSE. Their total liabilities are greater than their assets! Lol! I don't even want to think of their Equity to asset ratio, but then again, I have always warned that people should be defensive when buying stocks. How can you buy a stock that when you subtract the liability apart from customer deposits from Total assets, what you have left is almost nothing, or nothing or even a negative. Meaning the shareholders have nothing, if a liquidation should happen you will get nothing! If another bank should take over you will still get nothing! Using Price to book value alone to evaluate a stock is very dangerous. Some of you have forgotten that it is bonds first and other debt obligations, then preferred shares before common shares. You should always consider this when buying a stock. Liquidation value is where it's at. Goodluck!

My brother, if you read my previous post on this thread you would have known the angle am coming from...
Disclosure: i don't have a single unit of UNITY BANK

Infinitisi:
Lol. Na person wey no know DeReggedProf go dey vex for im posts.

Hahahahahahaha.

arduino:



My brother, if you read my previous post on this thread you would have known the angle am coming from...
Disclosure: i don't have a single unit of UNITY BANK

Alright then. Sorry for my assumption, but at least people will understand what they should run away from.

735i and Yayira's prayer..

With the recent development, Diamond bank should hit N3 and above before year end.
Vetiva no lie oh.

austinkenneth:


In my humble opinion, there is every possibility of a deadlock.

The shareholders will go for a higher price.

Access may not want to pay the higher price given that they have already offered ~30% of book value and Access itself is trading at ~50% book value.

this deal has a 50% chance of going through. IF it doesn't go through, I expect Diamond to drop down to 80K.

We will see. It's a matter of bargaining. If Access really wants the bank they may have offered a price they know will be rejected, and they will have to increase over. Meanwhile bids are heading to 300m.

Agbalowomeri:


FBNH is next target

I no pray for that o.

Good news for deadmond Bank investors

The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger. Based on the agreement reached by the Boards of the two financial institutions, Diamond Bank shareholders will receive a consideration of N3.13 per share, comprising of N1.00 per share in cash and the allotment of two (2) New Access Bank ordinary shares for every seven (7) Diamond Bank ordinary shares held as at the Implementation Date. The offer represents a premium of 260% to the closing market price of N0.87 per share of Diamond Bank on the Nigerian Stock Exchange (“NSE”) as of December 13, 2018, the date of the final binding offer.

[quote author=austinkenneth post=73924268]

In my humble opinion, there is every possibility of a deadlock.

The shareholders will go for a higher price.

Access may not want to pay the higher price given that they have already offered ~30% of book value and Access itself is trading at ~50% book value.

this deal has a 50% chance of going through. IF it doesn't go through, I expect Diamond to drop down to 80K.

[/quote


Una wan start again... bad belle people
same way rugged prof was saying yesterday that it will get to 58 kobo

UNITY BANK..... THE STATS DON'T LIE
CEVEAT... CEVEAT.... CEVEAT
BUYING DEBT WITH THE HOPE OF CAPITAL APPRECIATION IS THE WORST FORM OF GAMBLING IN NSE.
RMBA, IN AUGUST /SEPT 2018 IT WAS RUMOURED THAT 3 BANKS ARE FINANCIALLY SICK
THE FIRST WAS DEFUNCT SKY BANK
NOW DEADMOND BANK
NEXŤ IS UNITY BANK..... Still operating coz of the hausa fulani background
The bank is running out of steam
Investors..... Beware
JIJO.... Beware
I hate investors loosing money in avoidable situations
Bail out ASAP
BANKING STOCKS IS THE MOST VOLATILE IN THE WORLD