@currentprice.
Hope Mendes no go use this your bottom drink nkwobi for Mercy's bottom.

FO under attack.
The battle there no get part 2 .

currentprice:
if you are thinking which one to buy either ZENITH or UBA

my opinion is buy UBA UBA and UBA

reason: uba appears to have the best numbers so far

UBA definitely has a better numbers compared with zenith.
However, looking at dividend yield, Zenith still on top.
I am also fascinated with the way Zenith has been growing deposits and shareholders found(net assets). With the way the bank is going, it might hit the trillion naira mark in shareholders fund in the next one year......

I have taken a hell of a beating in this market.

locodemy:
@currentprice.
Hope Mendes no go use this your bottom drink nkwobi for Mercy's bottom.

You guys should join hands and cause panic. MBOK.

Hunger wan kill me here.

mendes911:


You guys should join hands and cause panic. MBOK.

Hunger wan kill me here.

Your panic doesn't help my ministry

FO....

Guinness

http://www.nse.com.ng/Financial_NewsDocs/27892_GUINNESS_NIG_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Na now the real reggae start.

Guinness is now officially, a LOSS MAKING COMPANY!

mendes911:


You guys should join hands and cause panic. MBOK.

Hunger wan kill me here.

No be zenith panic be the catalyst.
Na Gtb panic go us the way to go.
Still here watching una movies.

mendes911:
Guinness

http://www.nse.com.ng/Financial_NewsDocs/27892_GUINNESS_NIG_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Na now the real reggae start.

Guinness is now officially, a LOSS MAKING COMPANY!

The terrain is rough....
It will be a long night for companies in the brewery sector....

Interswitch Issues N23bn 7-Year Bonds at 15%, Plans NSE Listing
https://businesspost.ng/technology/interswitch-issues-n23bn-7-year-bonds-at-15-plans-nse-listing/

I&E: Naira Trades at $362.12/$ on 65% Rise in Turnover
https://businesspost.ng/economy/ie-naira-trades-at-362-12-on-65-rise-in-turnover/

Decline in US Crude Supplies Triggers Hike in Oil Prices as Brent Hits $61
https://businesspost.ng/economy/decline-in-us-crude-supplies-triggers-hike-in-oil-prices-as-brent-hits-61/

NDEP Lifts NASD OTC Market by 0.10% to Halt Losing Streak
https://businesspost.ng/economy/ndep-lifts-nasd-otc-market-by-0-10-to-halt-losing-streak/

Treasury Bills Yields Jump to 13.13% Wednesday
https://businesspost.ng/economy/treasury-bills-yields-jump-to-13-13-wednesday/

PHOTO NEWS: Heritage Bank MD/CEO Attends Russian-African Summit
https://businesspost.ng/banking/photo-news-heritage-bank-md-ceo-attends-russian-african-summit/

FMDQ to Attract Low Carbon, Climate Resilient Investments
https://businesspost.ng/economy/fmdq-to-attract-low-carbon-climate-resilient-investments/

Greetings

Chibuking81:
Greetings

ONE LOVE. Welcome from sabattical.

Forte Oil take over by Ignite @ 66.25 per share
Qualification Date: Friday 25 October 2019
Acceptance Opens: Monday 04 Nov 2019
Acceptance Closes: Monday 25 Nov 2019

Forte Oil on full bid now.

jamace:
FO under attack.
The battle there no get part 2 .

In one of my ealier post(after analysing the proposed MTO and the coys current fundamental stance), I had mentioned FORTE OIL(together with conoil) as the only oil & gas coys that folks should consider aligning with.
In a previous analysis, I had also said that the former has been grossly underpriced(risk-return in view) given its financial print, and that WITH OR WITHOUT the proposed MTO, it presents a juicy margin that an investor can tap from(value drive behind the price in view)
...well, FORTE OIL is now on full bid. We wait to see where the price rise gets to.

Contrarily, I also said then, that the other coys in the sector, particularly 11 PLC and TOTAL(safe for SEPLAT) are currently overpriced.
...risk margin has since overtaking feasible return and so it'll be best for anyone in them to sell-off their stakes and look to buy later after prices reset in line with current surrounding risk premium.

One of the big worry with the sector(which has really affected big players like total) is the squeeze in margin from reduction in gasoline sales following border closure by the government as it looks to discourage smuggling and boost revenue with better treasury.
On a YoY run, their receivables from subsidies should take a bite as the gov't looks to optimize cost on fuel supply as a temporal alternative to the much better total subsidy removal/deregulation in the sector.

So for those who wish to align with coys in the oil & gas space, I'll only advise FORTE OIL, CONOIL and SEPLAT given their present fundamental stance(current value benchmarked against risk-reward peg)
However, we prefer the 1st 2 on reasons bordering around their current market price.(MoS return in view)

I hope to do an analytical review of the 3rd(SEPLAT) @ a later date.

Salah.

Mcy56:
Forte Oil take over by Ignite @ 66.25 per share
Qualification Date: Friday 25 October 2019
Acceptance Opens: Monday 04 Nov 2019
Acceptance Closes: Monday 25 Nov 2019

Forte Oil on full bid now.

Are they buying more than 500,000 units

The Hawks are cycling again...
Some no get shame...
People should beware.....?

pluto09:
Are they buying more than 500,000 units

These village people are here again
Its still 500,000 but may be more than this if offer received is in excess (going by previous arrangement) or they pro-rate offers as the case may be.
In the letter however, they said they already sent the offer docs to qualified shareholders, guess this still refers to shareholders who chose to offer their shares for sale.
We'll get more clarification I believe.

Mcy56:

These village people are here again
Its still 500,000 but may be more than this if offer received is in excess (going by previous arrangement) or they pro-rate offers as the case may be.
In the letter however, they said they already sent the offer docs to qualified shareholders, guess this still refers to shareholders who chose to offer their shares for sale.
We'll get more clarification I believe.

Las las na 10 units dem go buy from some people

Mcy56:

These village people are here again
Its still 500,000 but may be more than this if offer received is in excess (going by previous arrangement) or they pro-rate offers as the case may be.
In the letter however, they said they already sent the offer docs to qualified shareholders, guess this still refers to shareholders who chose to offer their shares for sale.
We'll get more clarification I believe.

With due respect, stop bordering urself !!

FORTE OIL is a BUY WITH or WITHOUT the proposed MTO.

Cheers.

[quote author=mendes911 post=83418315]Guinness

That Guinness declared a loss is no big surprise. MSCI selling this stock in the last one month is now justified. With this Guinness loss, I will suspend need to buy Dangcem till the 3rd qtr result is out. Following the big money and expected earnings growth seems to be working.

Agbalowomeri:
Las las na 10 units dem go buy from some people

Chai!
Do you expect someone with 500k+ units to care about the purchase? I just think it's tashere shoulders that might likely put their offers up for sale.....my opinion anyway. We see how it goes.
The action might end up paying the big shareholders in terms of price appreciation.

[quote author=yok post=83419450][/quote]




If those MSCI people really know what they are doing, they will not wait till this time before they sell....

OGG and others on this forum have given a sell recommendation on the stock long long time a go......

Agbalowomeri:
Las las na 10 units dem go buy from some people

@Agba, I'm just thinking, what if its a strategy to discourage the moneybags and MMs from hijacking the process and reaping the goodies to themselves. What if it's just a strategy to reward tashere investors as well? I sincerely hope this is the case anyway.

onegentleguy:
With due respect, stop bordering urself !!
FORTE OIL is a BUY WITH or WITHOUT the proposed MTO. Cheers.

Lol.
With due respect, this action might be rewarding to FO shareholders in the long run, with or without MTO like you said. So I believe.

Today is my saddest day of this year. I didnt act on FO tip from reliable source.

jideflash:
Today is my saddest day of this year. I didnt act on FO tip from reliable source.

Don't do that to your self.
The Market is not going anywhere, more opportunities is coming.

I bought same FO and sold at loss some weeks ago, but i have no regret.

OBAGADAFFI:


Don't do that to your self.
The Market is not going anywhere, more opportunities is coming.

I bought same FO and sold at loss some weeks ago, but i have no regret.

Abi o.

jideflash:
Today is my saddest day of this year. I didnt act on FO tip from reliable source.

Na waaoo . abeg next time u get tip from reliable source please do well to intimate us oo. Inside all this bear opportunity just waste like DAT!!

jideflash:
Today is my saddest day of this year. I didnt act on FO tip from reliable source.

And today is my joyful day because I entered this night bus long ago and the bus just left park today.

Thanks to current price for your analysis on FO...I have been buying FO based on your analysis...thanks once more

Mcy56:

@Agba, I'm just thinking, what if its a strategy to discourage the moneybags and MMs from hijacking the process and reaping the goodies to themselves. What if it's just a strategy to reward tashere investors as well? I sincerely hope this is the case anyway.

Strategy to reward tashere investors?
If dem get the opportunity, dem go collect ya own join sef Lol