PharmAlfred:
NSE is one hell of a paradox. You announce opening up the economy and ending interstate lockdown, market tanks further.

What does the market now respond to?

akinssan:


Do we trade news on NSE?

Wetin l know self?

Topson88:
Mcy56, how does buyback work with dangcem...i don google am but still didnt understand. Sorry to border you.

Topson88:
Mcy56, how does buyback work with dangcem...i don google am but still didnt understand. Sorry to border you.

aremso:


when shares are bought back, the volume bought would be deleted from the SO and this will increase their EPS . Mccy will add more flesh so sorry for coming in

Mcy56:
Fbnh moved up to 5.45.........lets see if it can sustain this upward momentum.....

Guinness at 14.50!

Zenith doing strong head. Some people are waiting for it at sub-15.

Guess there's the need to keep eye on Mr. Market for reversal whenever the sideways trading as well as panic/dumping subsides......

Mcy56:

Sir Onegentleguy pls help out here.
I don't know much about dangcem buyback.

.....but share buyback is beneficial once completed/concluded.
The share price will go up thereafter.....but will still fall before then, like dangcem is currently fallen cos the aim is to pick at lower price as possible on the floor.

Topson88:
Thanks mercy.
I am keeping some cash hoping to buy stocks at the beginning of bull. I am thinking of picking gtb and access (i already bought zenith and uba at march low price) but the low price dangcem is attractive but need to understand what buyback means .
I will wait for honourable onegentleguy.

Mcy56:

Sir Onegentleguy pls help out here.
I don't know much about dangcem buyback.

.....but share buyback is beneficial once completed/concluded.
The share price will go up thereafter.....but will still fall before then, like dangcem is currently fallen cos the aim is to pick at lower price as possible on the floor.

Mcy56:

Yes. Wait for dangcem to fall. They will still crash the price to buy it back at lowest possible price. Then move the bus thereafter.
I don't think there's anything wrong with its fundamentals, Alhaji and his guys just needed to pick it at cheapest price on the floor ni.
The first year low was 116 around march.....let's see how they'll do it this time around. How low it will go.
I can see 115.20 on the table......think it will be good to start picking small small from the year low.......
This is just my opinion.

Topson88:
Mcy56, how does buyback work with dangcem...i don google am but still didnt understand. Sorry to border you.

megawealth01:
Please ma if I buy nahco today will I still qualify for the dividend?

megawealth01:
Please ma if I buy nahco today will I still qualify for the dividend?

Bjrokenhear003:


Normally when a company buys back its shares

for example as dangote cement lets say the shares outstanding is 17,000 as at now
so as dangote agrees to buy back 10% of its shares
the shares outstanding is now 17,000*0.9 = 15,300

using previous profit as at last year of 200bn
eps last yr = 200bn /17000 = 11.76
market price at this date stood as 165
pe ratio = 165/11.76 = 14x

and if profit goes up by 5% as estimated from its q1 earnings
200bn *1.05 = 210bn
eps = 210bn/15,300 = 13.7

market price automatically goes up as former pe ratio * eps as 14 *13.7 = 191.8
and if profit still remains the same the eps goes high, same will market price

thats why i am so confused at the moment except its the dividend thats removed from its market price followed by the massive layoffs and bua cement tussle war or else i swear im confused as mad

Mcy56:

Yes. Wait for dangcem to fall. They will still crash the price to buy it back at lowest possible price. Then move the bus thereafter.
I don't think there's anything wrong with its fundamentals, Alhaji and his guys just needed to pick it at cheapest price on the floor ni.
The first year low was 116 around march.....let's see how they'll do it this time around. How low it will go.
I can see 115.20 on the table......think it will be good to start picking small small from the year low.......
This is just my opinion.

Mcy56:

If today is their last qualification date, I'll advice you don't buy it again.
Wait for markdown, monitor the price movement then key into it at bottom for price appreciation.
That's my own.

Topson88:

This explains how it benefits dangcem, how does it benefit the investors abeg

Bjrokenhear003:


my point is that why will two of the directors buy the shares at 138 and 139(1million each) totally 138 and 139 million if they know the shares will fall below 120, will anybody want to loose at least 18-19 million

BrokerHaruna:
https://businesspost.ng/banking/32-9-of-banking-sector-loan-portfolio-going-bad-cbn/

Fire on the mountain

Bjrokenhear003:
my point is that why will two of the directors buy the shares at 138 and 139(1million each) totally 138 and 139 million if they know the shares will fall below 120, will anybody want to loose at least 18-19 million

PharmAlfred:
NSE is one hell of a paradox. You announce opening up the economy and ending interstate lockdown, market tanks further.

What does the market now respond to?

Topson88:

Thanks mercy.
I am keeping some cash hoping to buy stocks at the beginning of bull. I am thinking of picking gtb and access (i already bought zenith and uba at march low price) but the low price dangcem is attractive but need to understand what buyback means .

I will wait for honourable onegentleguy.

Mcy56:

Sir Onegentleguy pls help out here.
I don't know much about dangcem buyback.

.....but share buyback is beneficial once completed/concluded.
The share price will go up thereafter.....but will still fall before then, like dangcem is currently fallen cos the aim is to pick at lower price as possible on the floor.

Bjrokenhear003:


my point is that why will two of the directors buy the shares at 138 and 139(1million each) totally 138 and 139 million if they know the shares will fall below 120, will anybody want to loose at least 18-19 million

Bjrokenhear003:






fidson(want to collect their dividend and run away because their interest payable on finance cost alongside its borrowings is too high and risky their gearing is not suitable for me to stay there long)




please feel free to correct me and add more information

Bjrokenhear003:


to the investors the new market price should be 191 so thts why i rushed and bought at 143 or 144

so i dont understand whats happening now

klas:


Taking risk which may go either way.

I know a sitting chairman (now former) of first bank that bought millions of the bank's shares at double digits price and was still holding them when the price tanked below N5. And no, the plan wasn't to increase stake.

This month, somebody bought 4 million shares of Nigerian Breweries at N42. A few days later, price touched N34.7. You would expect someone shelling out almost N200m at a go to have access to quality expert advice but then, market belongs to one and to everyone.