edwardaigb:
Una well-done. I thought fcmb alert na tday?

austinkenneth:
Please let's not insult. OGG is not forcing anything down anyone's throat

Due Diligence is advised in Caverton. The Whales who are selling know why they are doing so. They may have some information you do not have and situations like this when there is a high liquidity is when they offload huge volumes.

I can tell you for sure that in the oil industry where Caverton serves, there is massive cost reduction initiative going on. The drive is coming from the IOCs and the NNPC. NNPC has seen that the easiest way for the country to get more from oil is to slash costs heavily.

In line with this drive one of the mandates is that:
(1) all contracts that can be reviewed and revised downwards should be reviewed and revised downwards and given to the lowest bidder.
(2) More persons should move from field locations to office as automation takes root--> Less Chopper flights,less money spent on feeding, more savings etc. The oil industry is far behind in automation.
(3) Pay and staff cuts where necessary

When you hear that the govt will be tougher this time, it is not a joke ooo. It has started already. Contractors for oil companies that provide services in Nigeria at ridiculously high profit margins are targeted in phase 1. This includes big coys like SLB, Halliburton, Baker etc. Caverton might not be an exception.

In the Helicopter and vessels space, major revisions will be done industry wide this year. Contracts discussions and awards will be more transparent, revisions will be made, massive discounts requested. There are fears that Caverton's increasing monopoly will be broken.

Let's not forget that whatever Caverton's gain has been Bristow's loss and Bristow might bring ridiculously low prices to the table to recapture a business they've been into for > 40 yrs.

austinkenneth:
AIICO management is still going ahead with the proposed private placement which will rob retail shareholders.

the management is simply asking the shareholders sign away a portion of their assets to other people.

The Nigerian investor is at the mercy of company boards.

Some thing must be done about this. NEM wanted to do this but were stopped at the court by interested parties. Such a judgement could be easily applied in this case to stop AIICO from this special private placement.

onegentleguy:


1st I'll like to thank u for ur critical but reasonable assessment of things with CAVERTON.
This is what this forum should be about but some few nitwits masquerading themselves as many have messed things up.
I recall that when I got an info in SKYE bank, I put it up here for folks to benefit, and also guided us on playing thru the coy in the short term.
When I got an info on AIICO(the coy at the time was selling for btw 55 to 57k), I also put it out here thru a revelation. A few months down the line, the news broke that some institutional investor will take up stakes @ N1.20. Some of these idiots who unjustly criticize me now, also benefited from the rally up back then. Yes the stock may be trading for less now, but I can tell u that that deal is still very much intact.
I can honestly also tell u that I got a drop down info(from an unexpected source) on the DIAMOND-ACCESS deal the night before it was eventually officially announced. Ordinary I would've put it out here, but for this same crop of fools who see absolutely nothing good in being good.
With DF, I got an info that something good was on the pipeline. ...on the same day, I put out a 'revelation' on the coy. But to be sincere, I was never informed in clear terms what the deal would be. Over time, I had to sell off my holdings (still with a great ROI though) after running out of patience.
I bought back on the floor @ a BEP of less N11 the same day the deal was announced, after a hint from a fellow in some telegram finance group I belong to. Again, I would've immediately put out the info here(or at the very least, give a hint) but for these same crop of twerps.
With C&I LEASING, CAVERTON, and WEMA and the few other coys I've pointed out here in the past, it was purely and only based on the Nos in their financial print.

The only coys I know I failed was my revelation on FLOURMILLS and my projection of earnings for HONEYWELL(even though my analysis and follow up guide on it was made when they had put out one of their result)
The twerps will only see the few mistake and never the many good.
But of course I am not a perfect being, and am not looking to be one... no one is.
Bottom line is; Some fools here have made it near impossible for the truly genuine ones to air their all-touching positive views.

Now to answer to ur post.
Think of things this way; What if the said sell off(even though that's not what it really is) is intended to sort out the small matter of the coys current BLS status?
What if I tell u that the coy has already put measures in place to greatly reduce any possible impact from the above worries u highlighted and more(pls I'll suggest u read thru the NTS for YE 2017 and 2018 financial print)
What if...
Anyway, no need for so much talk. Enough of the CAVERTON talk. Those who don't feel comfortable holding the coy can do well to sell off their holding. ...or stay off and KEY into the stocks they are comfortable with.
...at least that way, there'll be enough for those who appreciate VALUE to buy !!
CAVERTON doesn't seem to have much of a free float to retail investors from it's OS.

As for the few haters, I have absolutely NO apology... so u can shove ur attitudes up ur ass. I do NOT care a bit !!
I will continue to be me, though I have decided to limit 'certain things' I put out here.

Salah.

austinkenneth:
Please let's not insult. OGG is not forcing anything down anyone's throat

Due Diligence is advised in Caverton. The Whales who are selling know why they are doing so. They may have some information you do not have and situations like this when there is a high liquidity is when they offload huge volumes.

I can tell you for sure that in the oil industry where Caverton serves, there is massive cost reduction initiative going on. The drive is coming from the IOCs and the NNPC. NNPC has seen that the easiest way for the country to get more from oil is to slash costs heavily.

In line with this drive one of the mandates is that:
(1) all contracts that can be reviewed and revised downwards should be reviewed and revised downwards and given to the lowest bidder.
(2) More persons should move from field locations to office as automation takes root--> Less Chopper flights,less money spent on feeding, more savings etc. The oil industry is far behind in automation.
(3) Pay and staff cuts where necessary

When you hear that the govt will be tougher this time, it is not a joke ooo. It has started already. Contractors for oil companies that provide services in Nigeria at ridiculously high profit margins are targeted in phase 1. This includes big coys like SLB, Halliburton, Baker etc. Caverton might not be an exception.

In the Helicopter and vessels space, major revisions will be done industry wide this year. Contracts discussions and awards will be more transparent, revisions will be made, massive discounts requested. There are fears that Caverton's increasing monopoly will be broken.

Let's not forget that whatever Caverton's gain has been Bristow's loss and Bristow might bring ridiculously low prices to the table to recapture a business they've been into for > 40 yrs.

Godlylifeoneart:

OGG
MY PARTNER IN PROGRESS, I NO KNOW SAY YOU DEY VEX LIKE DZ OOO
ABEG... PARDON THEM
THEY KNEW NOT WHAT THEY WERE SAYING
KEEP DOING THE GOOD JOB AND IGNORE PETULANT INVESTORS WHO NEVER LEARNT THE ACT OF INVESTING.
YOU ARE AN INTELLECTUAL AND A GIFTED ANALYST
KEEP IT UP
YOU ARE HIGHLY APPRECIATED BY MANY.

Dupeodus:


We are all humans and prone to anger when unjustifiably provoked. The attack on him was totally uncalled for. No one is forcing any stock down the throat of any other on this board.

PharmAlfred:
UACN way

austinkenneth:
Please let's not insult. OGG is not forcing anything down anyone's throat

Due Diligence is advised in Caverton. The Whales who are selling know why they are doing so. They may have some information you do not have and situations like this when there is a high liquidity is when they offload huge volumes.

I can tell you for sure that in the oil industry where Caverton serves, there is massive cost reduction initiative going on. The drive is coming from the IOCs and the NNPC. NNPC has seen that the easiest way for the country to get more from oil is to slash costs heavily.

Let's not forget that whatever Caverton's gain has been Bristow's loss and Bristow might bring ridiculously low prices to the table to recapture a business they've been into for > 40 yrs.

onegentleguy:


1st I'll like to thank u for ur critical but reasonable assessment of things with CAVERTON.
This is what this forum should be about but some few nitwits masquerading themselves as many have messed things up.
I recall that when I got an info on SKYE bank, I put it up here for folks to benefit, and also guided us on playing thru the coy in the short term.
When I got an info on AIICO(the coy at the time was selling for btw 55 to 57k), I also put it out here thru a revelation. A few months down the line, the news broke out that some institutional investor will take up stakes @ N1.20 per share. Some of these idiots who unjustly criticize me now, also benefited from the rally up back then. Yes the stock may be trading for less now, but I can tell u without mincing words, that that deal is still very much intact.
I can honestly also tell u that I got a drop down info(from an unexpected source) on the DIAMOND-ACCESS deal the night before it was eventually officially announced. Ordinary I would've put it out here, but for this same crop of fools who see absolutely nothing good in being good.
With DF, I got an info that something good was on the pipeline. ...on the same day, I put out a 'revelation' on the coy. But to be sincere, I was never informed in clear terms what the deal would be. Over time, I had to sell off my holdings (still with a great ROI though) after running out of patience noticing what looked at the time, like a clear manipulation to me.
I bought back on the floor @ a BEP of less N11 the same day the deal was announced, after a hint from a fellow in some telegram finance group I belong to. Again, I would've immediately put out the info here(or at the very least, give a hint) but for these same crop of twerps.
On CAVERTON, I've always done my best to keep us abreast with the few info at my disposal.
With C&I LEASING, CUSTODIAN, TRANSCORP, WEMA, ZENITH, UBA, and the few other coys I've pointed out here in the past, it was purely and only based on the Nos in their financial print and never on the premise of any info. I have also(when necessary) pointed out red flags and advised caution with certain other coys like WAPCO, NB, OANDO, FBNH to mention just a few.

The only coys I know I failed was my revelation on FLOURMILLS and my projection of earnings for UACN(even though my analysis and follow up guide on the former was made when they had put out one of their best result)
The twerps will only see the few mistake and never the many good.
But of course I am not a perfect being, and am not looking to be one... no one is.
Bottom line is; Some fools here have made it near impossible for the truly genuine ones to air their all-touching positive views because of their selfish diabolic interest and insatiable quest for more at all cost.

Now to answer to ur post.
Think of things this way; What if the said sell off(even though that's not what it really is) is intended to sort out the small matter of the coys current BLS status?
What if I tell u that the coy has already put measures in place to greatly reduce any possible impact from the above worries u highlighted and more(pls I'll suggest u read thru the NTS for YE 2017 and 2018 financial print)
What if...
Anyway, no need for so much talk. Enough of the CAVERTON talk. Those who don't feel comfortable holding the coy can do well to sell off their holding. ...or stay off and KEY into the stocks they are comfortable with.
...at least that way, there'll be enough for those who appreciate VALUE to buy !!
CAVERTON doesn't seem to have much of a free float to retail investors from it's OS.

As for the few haters, I have absolutely NO apology... so u can shove ur attitudes up ur ass. I do NOT care a bit !!
I will continue to be me, though I have decided to limit 'certain things' I put out here.

Salah.

arduino:
E be like say na JBerger turn oooo!!!! 10% already. Bad results pays

Dupeodus:


AIICO learnt from the mistake of NEM. NEM infringed on the provisions of the Company law in not giving adequate notice of their Extra Ordinary General meeting to some key shareholders which formed the basis of their successful law suit. AIICO avoided this and the Extra Ordinary General meeting approving the private placement has been held. The only opportunity left is to point out to the regulatory bodies, the accounting irregularities that AIICO has been committing in order to suppress the market values of the company's shares and actually make provision for creating the additional stocks out of fictitious liabilities instead of paying for them. I have reported this to SEC but I am not sure anything is being done about it. The next level is to take the matter up with the appropriate oversight committee at the National Assembly. I am prepared to do this but waiting for the actual issuance of the shares. I am saying this hoping that AIICO has agents that read this board and they are aware that someone is ready to fight them. Another opportunity is the up coming annual general meeting but I cannot attend. Let me close by pointing out that another effort in suppressing the market value of the company by it's management is the miserly 6k dividend out of an eps of 44k. NEM paid 13k out of an EPS of 39k. I don't think any company on the NSE treats it's shareholders with as much contempt as AIICO treats it's shareholders.

It may be too late if you wait for the actual issuance of the shares. Very good move to take it to the appropriate NASS channel!
But before that, it'll be good to
(1) Publicise the fraud through every major news channel just like the guys who were fighting NEM did. THE INSURANCE INDUSTRY IS BASED ON TRUST. Any company engaging in this kind off robbery might not be trusted to insure anything, people will think. If this kind of fraud gets out in the public domain, they'll chicken out because everybody will now know they can't be trusted.

(2) Publish the letter written to SEC to every major news channel. I noticed you also mentioned you copied NAICOM. Good move. This will get NAICOM/SEC to act.

(3) We investors must collectively rise against management 'brutality'. It is happening in AIICO today and will happen to other stocks tomorrow where the mgt is bent of fvcking shareholders over and appropriating companies to themselves. If the govt cant help us, there has to be a way for us help ourselves.

Dupeodus:


AIICO learnt from the mistake of NEM. NEM infringed on the provisions of the Company law in not giving adequate notice of their Extra Ordinary General meeting to some key shareholders which formed the basis of their successful law suit. AIICO avoided this and the Extra Ordinary General meeting approving the private placement has been held. The only opportunity left is to point out to the regulatory bodies, the accounting irregularities that AIICO has been committing in order to suppress the market values of the company's shares and actually make provision for creating the additional stocks out of fictitious liabilities instead of paying for them. I have reported this to SEC but I am not sure anything is being done about it. The next level is to take the matter up with the appropriate oversight committee at the National Assembly. I am prepared to do this but waiting for the actual issuance of the shares. I am saying this hoping that AIICO has agents that read this board and they are aware that someone is ready to fight them. Another opportunity is the up coming annual general meeting but I cannot attend. Let me close by pointing out that another effort in suppressing the market value of the company by it's management is the miserly 6k dividend out of an eps of 44k. NEM paid 13k out of an EPS of 39k. I don't think any company on the NSE treats it's shareholders with as much contempt as AIICO treats it's shareholders.

onegentleguy:
Some fellows here are funny.
Instead of been humble enough to ask questions and/or sort for a revert with their real handle, they will log in with different handles to do so.
Pls throw away ur shame and be more direct. We are all learners. ...and are here to help each other.

Even more funny is the fact that some have resorted to criticisms as their new approach when they want to ask u a question.
While some would rather carry coals to Newcastle than appreciate whatever u do. Shockingly, some of these fools would still have the effrontery to send me mails under the guise of different identities.
Even if u had been right 3 times but wrong once, they will prefer to focus on just that single wrong and never appreciate the many right. ...this is even when they had been direct and/or indirect beneficiaries of such rights themselves.
Worse still is that some will criticize u for saying the truth and trying to stick to it. ...adjudging that u might be standing in their unconventional way to make money.

We know some of the fellows that indulge in this unwholesome acts but I have decided to remain calm.
...I sometimes can not help but laugh at the side line.

There are however a few very respectable fellows here.
...folks with very good pedigree and disposition.
Some of us are here and existed because of them.

FOCUS is my watchword.
Cheers.

Godlylifeoneart:
Truth be told, we all need speculation to survive in this business. A death of speculation + DD or scarcity of it means many will depend on the activators of panic buttons.... Sell, sell, buy. Buy, hold... Hold.. The stock brokers I meant. It was on dz forum that I first learnt about morgan capital after I had donated over N500k in about 3 years to some brokers.
Speculatory information is like an expo which might be right or wrong.
Let' us keep this thread alive
Speculate if you can
Readers are always advised to apply DD
CHAMS was speculated by me at N0.28
Some people said it has reached maximum profit taken, today d price keep rising with no sign of forming a support soon. Bids keep out weighing offers. At d close of biz today.. No offer.
Speculation is our weapon against the brokers that want us to follow their panic buttons
We need more constructive speculation.
No need to fight
We do not need to take on anybody
United we stand
Together we shall celebrate the coming bull predicted by members
Salah

Mcy56:

UACN performed well in Q1, EPS almost doubled. I was expecting full bid today. Guess it was affected by same worm plaquing all coys that released good results or there's more to the result. Sadly no more analysis of result here again.
It will pick at the right time anyway....so I believe.

edwardaigb:
Una well-done. I thought fcmb alert na tday?

Mfunkynation:

i have recieve mine this morning.. but it not the figure i was expecting.
are we sure the paying 0.14k?
kimdly check yours n substract d 10% n see if it tally with ur expected amount because doesnt tally. thanks

Mcy56:
I just have to mention this:
Africa Prudential is excellent in customer service. Saying this based on their responsiveness to mails, I'm doing quite a number of back and forth with them and they have been getting back to me on each mail.
Also, their e-dividend form submission is very easy and smooth, you just fill, scan and send to them.
I'm just impressed by the way they handle customers, reason for posting this.

Mfunkynation:

i have recieve mine this morning.. but it not the figure i was expecting.
are we sure the paying 0.14k?
kimdly check yours n substract d 10% n see if it tally with ur expected amount because doesnt tally. thanks

Mfunkynation:

i have recieve mine this morning.. but it not the figure i was expecting.
are we sure the paying 0.14k?
kimdly check yours n substract d 10% n see if it tally with ur expected amount because mine doesnt tally. thanks