Yayira:



Lol I won’t lie, when I saw them running on Friday I also ran back to Ghana with my ghanamostgo.. will be coming back to custom street tomorrow..
Chai too much of everything no good. #fear

PharmAlfred:


I still dey inside O. Waiting for the best to happen.

onegentleguy:


U have spoken well my dear !! ...especially with the part in bold.
This 2 NUGGET summarizes it all;
"When the herds are 'running in or out of a place' within the market, watching ur back to COMPREHEND the reason for the run is twice as important as 'running with them', and just as important as sticking to a workable Investing STRATEGY.
...unless of course the target company was 'in the forefront of that run'."
~Sinclair

"The stock market is like an unending race with plenty of obstacles and more 'virtual than real spectators' running with u.
...but along the way, it ALWAYS rewards those who 'can see through the other side of those obstacles' and run it WITHOUT tiring out."
~Sinclair

That said, some people might sometimes have 'other reasons for running.' ...with some, unavoidable, while some others could be justifiable.
The most important thing is to ensure(like u infered from ur story) that 'one does NOT get injured(incure losses) while embarking on such run.'
The KEY?
"To find out if u can SUCCEED more in the stock market,1st find out if u have the RIGHT TOOLS that can navigate through the worst of times and which can stand the test of time.
...otherwise, go and 'buy' it."
~Sinclair

It is well !!

currentprice:
with loco yesterday post all he wanted was hot argument about the stock to be more sure of what he is about to buy, some must hav took him serious about the FP and miss out to buy @ 1.2

currentprice:
with loco yesterday post all he wanted was hot argument about the stock to be more sure of what he is about to buy, some must hav took him serious about the FP and miss out to buy @ 1.2

onegentleguy:
Unconfirmed report reaching me from some strong source has it that following from the court sanction of the ACCESS-DIAMOND BANK merger today, the shareholders of DIAMOND who hitherto are QUALIFIED for the 7 for 2 equivalent share allotment in the enlarged entity will also be eligible for the 25k FY 2018 dividend declaration by ACCESS bank.

Again, this lends credence to my several ealier assertions and analysis that the then shareholders of DIAMOND are the biggest winners of this merger.
On the flip side, this will only aid with pushing further up the price of ACCESS as the DIAMOND shareholders who qualify now have something to make them 'wait/hold a bit longer' without selling off their stake in the new enlarged bank(ACCESS) post merger.
...ACCESS closed on massive bid @ N6.50 today.
Like I always said then, Mr DIAMOND wins pre merger, while Mr ACCESS 'resurrects'(to win) post merger.
There is a mutual exclusivity with the terms of the merger.

It is well !!

cc: @Mpeace

anjilgreat:


My brother I understand your point because the stock market is very volatile and capital preservation is key but know of people who sold at a loss due to fear of the unknown and I think that it is good to learn from ones experience sometimes. The stock market will definitely reverse at some point in time. I have leant that sometimes, it is more beneficial to stay longer in the market unless here is a genuine reason to sell.


I don't think we can compare the 2007/2008 era of manual trade through stockbrokers and now, the new technology built era in stock trading where you can trade yourself without any stock broker delaying you unnecessarily when you want to sell.

I still have the transcorp shares I bought in 2007@#7.5 and first bank@#33 due to unnecessary delays from them to sell when I mandated them to and that cannot happen now because I can sell myself but I still think that one should apply caution before selling even to d extent of doing so at a loss just because everybody is running.

onegentleguy:
Unconfirmed report reaching me from some strong source has it that following from the court sanction of the ACCESS-DIAMOND BANK merger today, the shareholders of DIAMOND who hitherto are QUALIFIED for the 7 for 2 equivalent share allotment in the enlarged entity will also be eligible for the 25k FY 2018 dividend declaration by ACCESS bank.

Again, this lends credence to my several ealier assertions and analysis that the then shareholders of DIAMOND are the biggest winners of this merger.
On the flip side, this will only aid with pushing further up the price of ACCESS as the DIAMOND shareholders who qualify now have something to make them 'wait/hold a bit longer' without selling off their stake in the new enlarged bank(ACCESS) post merger.
...ACCESS closed on massive bid @ N6.50 today.
Like I always said then, Mr DIAMOND wins pre merger, while Mr ACCESS 'resurrects'(to win) post merger.
There is a mutual exclusivity with the terms of the merger.

It is well !!

cc: @Mpeace

anjilgreat:


Lol! the truth is that we all learn better from our different trading experiences. Hope you'll be able to buy back @ a good price?

Yayira:


Don’t have the stock oo
I was planning to buy at midday that Friday then I saw people crashing.. I just jeje respect myself.. people wey Dey inside dey run na me go come enter? Hahahahahahaha

valentinenwoko:
Transcorp power biddingfor AFAM POWER, that is great, hope that does not diminish dividend next year and a possible right issue.

onegentleguy:


Correct but for a much easier grasp, let's simplify it a bit.

A quick math;
Merger valuation of DIAMOND = N3.13
Cash consideration = N1
Therefore Effective allotment price of DIAMOND = N2.13
Current Price of DIAMOND =N1.90
Effective allotment price of ACCESS = V
Price of ACCESS equivalent to the current price of DIAMOND = Y
We need to find V and Y. ...where the value of Y should be our target price for ACCESS in relation to the trending price of DIAMOND.

According to the scheme of merger, 7 equity holding in DIAMOND shall be equivalent to 2 in ACCESS.
...therefore a 3.5(7/2) equity stake in DIAMOND shall equal an equity stake(1 unit) of ACCESS.
The arithmetic view of this is that an approx N7.45 (3.5 X N2.13) value in DIAMOND equates with 1 unit of ACCESS.
...this is the effective allotment price of ACCESS, hence V= N7.45.

To find Y(what price a unit of ACCESS should sell relative to that of DIAMOND) at any point in time, simply use the formula, [3.50 X (current market price of DIAMOND - 1)]
From the formula, u do not need a soothsayer to tell u that the prices of both coys are mutually inclusive and directly proportional to one another.
Sure u can decipher the rest.

Regards.

anjilgreat:


My brother I understand your point because the stock market is very volatile and capital preservation is key but know of people who sold at a loss due to fear of the unknown and I think that it is good to learn from ones experience sometimes. The stock market will definitely reverse at some point in time. I have leant that sometimes, it is more beneficial to stay longer in the market unless here is a genuine reason to sell.


I don't think we can compare the 2007/2008 era of manual trade through stockbrokers and now, the new technology built era in stock trading where you can trade yourself without any stock broker delaying you unnecessarily when you want to sell.

I still have the transcorp shares I bought in 2007@#7.5 and first bank@#33 due to unnecessary delays from them to sell when I mandated them to and that cannot happen now because I can sell myself but I still think that one should apply caution before selling even to d extent of doing so at a loss just because everybody is running.

valentinenwoko:
Transcorp power biddingfor AFAM POWER, that is great, hope that does not diminish dividend next year and a possible right issue.

valentinenwoko:
Transcorp power biddingfor AFAM POWER, that is great, hope that does not diminish dividend next year and a possible right issue.

locodemy:


chop your own and clean mouth.
Na your papa company?
If this news is true,don't you think you can make 50% profit from today's price?

I no fit stay long in any volatile stock.I only see zenith,Gtb and stanbic for long holding.

Yayira:
Ok now this latest Diamond new go make me cry.. see as I throwaway millions of units because of fear

valentinenwoko:
Transcorp power biddingfor AFAM POWER, that is great, hope that does not diminish dividend next year and a possible right issue.

onegentleguy:


For those who may be looking to play the ACCESS route, take a cursory look at the quick review above. U can utilize the formulae and format to ur advantage.
...u may also wish to read through my previous analysis with respect to the merger.

Clearly Mr ACCESS is now well positioned For an upswing.
For short termers, TECHNICALS are suggestive of an upswing to near the effective price level of N7.50 and above.
For long termers, its a HOLD !!

Disclosure: Access was bought into our investment portfolio a fourth night ago.
Disclaimer: NOT to be infered as any sought of recommendation.

My advise: Pls kindly follow ur instinct.

valentinenwoko:
Transcorp power biddingfor AFAM POWER, that is great, hope that does not diminish dividend next year and a possible right issue.

STOjo:

No be only you o. But that is life for us.
Just forget and move on but make sure you learn some lessons.
I have to change my broker because of Diamond. It was that bad.

A patient dog eat the fattest bone

EduC:


Thanks for your in-depth analysis.

Will the shareholders of Diamond Bank be compelled to sell their new Access Bank shares after the conversion of Diamond Bank shares to Access Bank shares via the ratio 2/7?

Thanks.

onegentleguy:


Never !! ...there has never been any such thing as a compulsion to part with ones holding.
Having qualified(as a DIAMOND bank shareholder/stakeholder), u are now part and passel of the new post merger enlarged entity. ...including but not limited to all benefits and right as shall be due to the former shareholders of ACCESS.
Simple put, u are now a 'full fleged' ACCESS BANK shareholder.

Cheers.

onegentleguy:


Never !! ...there has never been any such thing as a compulsion to part with ones holding.
Having qualified(as a DIAMOND bank shareholder/stakeholder), u are now part and passel of the new post merger enlarged entity. ...including but not limited to all benefits and right as shall be due to the former shareholders of ACCESS.
Simple put, u are now a 'full fleged' ACCESS BANK shareholder.

Cheers.

Yayira:


Don’t have the stock oo
I was planning to buy at midday that Friday then I saw people crashing the price .. I just jeje respect myself.. people wey Dey inside dey run na me go come enter? Hahahahahahaha

aremso:


would ACCESS be ok in the long run? FP?