People wey Dey sell transcorp no dey sell finish!! Haba!

Anyway euro giving me +100 pips up and down.. scalping to badt..

You people should please help me push transcorp up na..

Access faithful ekuu enjoyment oo.. hold tight!
If you no sabi hold, bring make I help you hold.. I get that patient

Agbalowomeri:


Why are contradicting yourself?

Oga,I think he is right.Thats the summary of the whole thing.They already have 8b OS and now looking for another 8b making 16b OS.

Agbalowomeri:


Why are contradicting yourself?

How?

The proposed right issue will effect an increase from the current 10B to 18B units of OS(an 8B units addition)
Which implies 16B units of 50k each.[16x0.5= 8]

According to the notice;

“That the authorized share capital of the company be and is hereby increased from N10 billion to N18 billion by the creation of 16 billion ordinary shares of N0.50 Kobo each, ranking pari passu in all respects with the existing ordinary shares of the company, and that the capital clause of the Memorandum and Articles of Association of the company, be altered accordingly."

Pls kindly point me to the contradiction.

Have u taken an overdose of 33? ...today is Thursday, not Friday oo.

onegentleguy:


How?

The proposed right issue will effect an increase from the current 10B to 18B units of OS(an 8B units increase)
Which implies 16B units of 50k each.

According to the notice;

“That the authorized share capital of the company be and is hereby increased from N10 billion to N18 billion by the creation of 16 billion ordinary shares of N0.50 Kobo each, ranking pari passu in all respects with the existing ordinary shares of the company, and that the capital clause of the Memorandum and Articles of Association of the company, be altered accordingly."

Pls kindly point me to the contradiction.

You are right

pluto09:



It was a good experience.
I can't count the number of time I have run and later go back again in that crazy game...

You will still go back

He surely will..

locodemy:


You are right

It's alright my dear.

onegentleguy:


But the warnings he(dupedous) gave, though implying caution, was also a positive driven one.
'cause if u recall, the Oga also repeatedly said he was busy accumulating the stock irrespective of the inherent worries therein.

...his reason?

He believed and knew that though there might have been manipulations in the books of the coy, he sees a huge potential with VALUE accretion therein !! ...and so will continue to accumulate more, come what may !!

Like that Oga(dupedous), our interest in AIICO is purely value driven.
Rake-off all likely risk, and what u'll still get is a coy that's underpriced.
I think he understood that with AIICO, inherent VALUE drive relative to price(mkt) far outweighs its associated risk.
I once mentioned that the stock is one of the asset with the highest UPR(upside potential ratio) in the 'NSE room' !!

That said, I agree that the company have not been honest with its shareholders.
But then again, we are simply following the money.
...let's see where it leads us to.

You are correct. I am still accummulating despite everything that I have seen. Relative to their current price, history, performance and potential, aiico is an unbelievably cheap company. Their shenanigans will end at some point. I went through the same cycle with NEM.

RabbiDoracle:


My dear, that thing is a terrible gamble o.

First time, I staked 1K and in 3 days I made 180%. Lost part of it. I lost after I had posted on NL.

Later I withdrew my balance.

I later entered again with $500 and in 2 days, I made $3,200. Actually on the second day I grew my fund from 806 to 3,200. First day was 500 to 806. I lost a huge part of it on the third day.

I quickly withdrew the remainder. Make dem no kill me.

Una safe journey o.

That field no be where you sabi book o. Na pure gamble o. You are dealing with human emotions and sometimes the system freezes when those crazy Yankee enter at 3pm with their very fast trading which zaps up and down.

Mo gbe jaaaaa sharp sharp. I can't come and kee myself.

My Oga you were gambling..
in forex, the more money you want to make, the less money you make..
The lot size you used for your $500 that landed you in that MUCH profit in that short period is the same that will land you in big loss..In fact you’ll actually double your lot size that day before the stone hit you..

Me if price no dey resistance or support I no dey enter..

Zenith Bank Gets Offers to Buy Back $392.6m Eurobonds
https://businesspost.ng/2019/09/12/zenith-bank-gets-offers-to-buy-back-392-6m-eurobonds/

2020 Budget: FG Lowers Oil Benchmark to $55/Barrel
https://businesspost.ng/2019/09/12/2020-budget-fg-lowers-oil-benchmark-to-55-barrel/

Stanbic IBTC Pegs Scrip Dividend Allotment Price at N35.86
https://businesspost.ng/2019/09/12/stanbic-ibtc-pegs-scrip-dividend-allotment-price-at-n35-86/

I dey fear for our Naira o...

http://www.nse.com.ng/Financial_NewsDocs/27545_ZENITH_BANK_PLC_CORPORATE_ACTIONS_SEPTEMBER_2019.pdf

735i:

You guys make it sound exciting. Can you guide me into the forest? Don't worry about my getting lost. what app do you use? how easy is it to set up an account?

my childhood friend is still in the forest oooo.Way back,the boy was doing fine from swings,at a point I was even thinking of joining him by liquidating my tb positions.I no no wetin come happen,edu sell his mansion in lekki enter forest!guess he took loan!

Dupeodus:


This is false reporting. What is contained in the egm resolution is an increase in the authorized share capital. Not an increase in the issued share capital itself that will raise funds. I know aiico's management is playing with it's minority shareholders. They did an egm about a year ago where they got an approval to increase both the authorized and issued share capital to raise N5 billion. I do not know the current status of that. In the last agm, they also got an approval to enter into a technical agreement with an entity that does not even have a web presence. Now they are asking for another approval to enter an agreement with an unnamed entity. When I first started to look at aiico critically around 2017, I suspected that something was off in their treatment of certain foreign assets that they have. I did not have the time to do a thorough analysis. About a month ago, I had the time to trace the movements on the foreign assets on their financials from 2014 to 2018. I was convinced that in 2017, over $7 million of the assets were sold and converted to naira at a rate that is a significant discount to the prevailing exchange rate causing them to write off about N500 million in foreign exchange reserve. This is outright theft. I still do not have time yet to petition the SEC with this. This time, there will also be a petition to efcc.

Thumbs up my dear !!

U are pursuing a good course.
But I'll advise that while at it, don't forget ur sole aim of investing in the company.(which I believe is to make returns)

My point is; Just do the bit u can, but FOCUS more on what is in it for u.

Nigeria is just a portfolio entity. The coperate misgivings and misgovernace, due mainly to the structural lapses in the system is so bad that it'll take time(aside devine) to redirect/change.

It's rather unfortunate.

RabbiDoracle:


My dear, that thing is a terrible gamble o.

First time, I staked 1K and in 3 days I made 180%. Lost part of it. I lost after I had posted on NL.

Later I withdrew my balance.

I later entered again with $500 and in 2 days, I made $3,200. Actually on the second day I grew my fund from 806 to 3,200. First day was 500 to 806. I lost a huge part of it on the third day.

I quickly withdrew the remainder. Make dem no kill me.

Una safe journey o.

That field no be where you sabi book o. Na pure gamble o. You are dealing with human emotions and sometimes the system freezes when those crazy Yankee enter at 3pm with their very fast trading which zaps up and down.

Mo gbe jaaaaa sharp sharp. I can't come and kee myself.

Interesting... You didn't take your recommended drug of patience..

Dupeodus:


You are correct. I am still accummulating despite everything that I have seen. Relative to their current price, history, performance and potential, aiico is an unbelievably cheap company. Their shenanigans will end at some point. I went through the same cycle with NEM.

U are a person with disernment !!

onegentleguy:


How?

The proposed right issue will effect an increase from the current 10B to 18B units of OS(an 8B units addition)
Which implies 16B units of 50k each.[16x0.5= 8]

According to the notice;

“That the authorized share capital of the company be and is hereby increased from N10 billion to N18 billion by the creation of 16 billion ordinary shares of N0.50 Kobo each, ranking pari passu in all respects with the existing ordinary shares of the company, and that the capital clause of the Memorandum and Articles of Association of the company, be altered accordingly."

Pls kindly point me to the contradiction.

Have u taken an overdose of 33? ...today is Thursday, not Friday oo.

They will create additional 16B shares = N8B
Total new authorized share capital = N18
If all is alloted, they will now have 36B shares/units

DOLLARTEX:
my childhood friend is still in the forest oooo.Way back,the boy was doing fine from swings,at a point I was even thinking of joining him by liquidating my tb positions.I no no wetin come happen,edu sell his mansion in lekki enter forest!guess he took loan!

lancee:




Welcome back oga mi R..onifa na here we need u ..that ifa no go work for that Fx area

Lolzz
Lolzz
Forex no bi stock wey go stay down for up to 5 years.. but can not stay up for even 6 months.. this market na pure up&down movement
If my call goes the opposite way, i quickly hedge.. and I always test with the smallest lot size..
If I’m right! Omo I fight that f. u. c. k. e. r..
I like to enter all my positions on Sunday and by Thursday I don know my faith..

DOLLARTEX:
my childhood friend is still in the forest oooo.Way back,the boy was doing fine from swings,at a point I was even thinking of joining him by liquidating my tb positions.I no no wetin come happen,[b]edu sell his mansion in lekki enter forest![/b]guess he took loan!

What a risk!

swilo:


Interesting... You didn't take your recommended drug of patience..

Lolz and forex is where the drug is needed the most!

currentprice:

that is why I respect somebody like cp.you have been in this game for a long time.if you were making losses you for don jaaaa since na.

DOLLARTEX:
my childhood friend is still in the forest oooo.Way back,the boy was doing fine from swings,at a point I was even thinking of joining him by liquidating my tb positions.I no no wetin come happen,edu sell his mansion in lekki enter forest!guess he took loan!

Lolz.. greed sets in..
How far about him? E don lost the house money too ?
I’m hoping so

DOLLARTEX:
that is why I respect somebody like cp.you have been in this game for a long time.if you were making losses you for don jaaaa since na.

Lol.... if i jaa how i go pay my rent , my bills etc

currentprice:


Lol.... if i jaa how i go pay my rent , my bills etc

GBAM!

Stock with new 52 week highs
Cornerstone insurance #0.30k

TraDeRR:


Lolz.. greed sets in..
How far about him? E don lost the house money too ?
I’m hoping so

Haba

Intendy:
Stock with new 52 week highs

Cornerstone insurance #0.30k

No lows!

Hallelujah!!!

Let the highs now be with us! Amen!

TraDeRR:


Lolz.. greed sets in..
How far about him? E don lost the house money too ?

I dey tell you say,the guy sell his house pay people money way don catch fire.he is now staying around mowe ibafon axis(forest).

Agbalowomeri:


They will create additional 16B shares = N8B
Total new authorized share capital = N18
If all is alloted, they will now have 36B shares/units

Bro, u have probably taken too much 33.
...Pls just wait when it clears from ur eyes, u do the calculation again.
There's no way OS will be near the figure u've put out now.

DOLLARTEX:
I dey tell you say,the guy sell his house pay people money way don catch fire.he is now staying around mowe ibafon axis(forest).

Chai !

fx is easy less stressful if u take it as business.

if u place trade and stay infront of computer monitoring movement. thatz mean something is wrong. is either u took unnecessary risk or u do not know what your are doing.

forex is not what one can master within short period of time. we long timer self still learn new things on every trade.

DOLLARTEX:
I dey tell you say,the guy sell his house pay people money way don catch fire.he is now staying around mowe ibafon axis(forest).

DOLLARTEX reading your post again.. na now I understand the “Forest” I thought it was a typo error..
chai na real from forex to forest !
Lolzz
No kee me with laugh abeg you in the name of God