samguru:
AIICO goons

Share price marked down for another 1 for 5 bonus.

NB
This is the second bonus AIICO declared in this year 2020.

price has quickly recovered to yesterday's close

mumu9gerian:


This man, na you make me buy oando that time wey i just dey check this thread, please be calming down ooooo, me i no dey believe anything you talk again oooo. I never comot for that oando trap wey you put me

Eyyah!

mumu9gerian:


This man, na you make me buy oando that time wey i just dey check this thread, please be calming down ooooo, me i no dey believe anything you talk again oooo. I never comot for that oando trap wey you put me

Follow Peter on your own

mumu9gerian:


This man, na you make me buy oando that time wey i just dey check this thread, please be calming down ooooo, me i no dey believe anything you talk again oooo. I never comot for that oando trap wey you put me

Negative testimony. His rewards is in this world.

bigjay01:


price has quickly recovered to yesterday's close

Enjoy your loot quietly oooo.

Question:
1. When a company with negative retained earning is sold, what happens to the negative retained earning.

2. Is a company sold based on book value, market value or total asset value?

3. If a company is sold based on book value, will a negative equity mean the shareholders will need to pay the buying entity?

Cc: all.

The pattern of trade in Access Bank this last few days is somehow. You will see 5m bids through out the day but it will still do 22m to 44m units in trade daily. Looks like people are accumulating.

Chellarams, 3 Others Join New NSE Board to Attract Global Investors
https://businesspost.ng/economy/chellarams-3-others-join-new-nse-board-to-attract-global-investors/

CSCS Wins at BAFI Awards, Promises Better Services
https://businesspost.ng/economy/cscs-wins-at-bafi-awards-promises-better-services/

FX Inflows: CBN Enables Cash Withdrawal in Foreign Currencies
https://businesspost.ng/economy/fx-inflows-cbn-enables-cash-withdrawal-in-foreign-currencies/

Airopay Launches in Nigeria, Offers 16% Interest on Savings
https://businesspost.ng/banking/airopay-launches-in-nigeria-offers-16-interest-on-savings/

CBN Expects Inflation to Ease in First Half of 2021
https://businesspost.ng/economy/cbn-expects-inflation-to-ease-in-first-half-of-2021/

Nigeria's Petroleum Industry Earnings Rise 53.2% in August
https://businesspost.ng/economy/nigerias-petroleum-industry-earnings-rise-53-2-in-august/

Data-driven Economy in Nigeria: Perspective, Orientation and Opportunities
https://businesspost.ng/featureoped/data-driven-economy-in-nigeria-perspective-orientation-and-opportunities/

Court Convicts Unity Bank Vault Room Manager
https://businesspost.ng/banking/court-convicts-unity-bank-vault-room-manager/

House of Reps Summons Buhari Over Security Situation
https://businesspost.ng/general/house-of-reps-summons-buhari-over-security-situation/

samguru:
AIICO goons

Share price marked down for another 1 for 5 bonus.

NB
This is the second bonus AIICO declared in this year 2020.

When was the first bonus.

OBAGADAFFI:


When was the first bonus.

September

Pls O. Senior men and ladies in the house
I would like to ask if anything would’ve happened to investors funds or if investors would have experienced purchasing or selling difficulties if the court had granted GTB wish to go private ?
If anyone may shed more light on this it would be highly appreciated

Coolcash1:
As Innoson seeks an order restraining GTB from transmuting to a Private and a Financial Holding Company until GTB pays it over N32Billion Judgement debt

The Supreme Court of Nigeria has struck out GTB’s motion filed to set aside its earlier decision/order made on 27th February 2019 dismissing GTB’s appeal against Court of Appeal judgement of 6th February 2014 in favor of Innoson Nigeria Ltd

PharmAlfred:
The pattern of trade in Access Bank this last few days is somehow. You will see 5m bids through out the day but it will still do 22m to 44m units in trade daily. Looks like people are accumulating.

Yes

samguru:
AIICO goons

Share price marked down for another 1 for 5 bonus.

NB
This is the second bonus AIICO declared in this year 2020.

pls explain because I have not received any bonus this year

Biafran4life:
pls explain because I have not received any bonus this year

The thing shock me here sef

megawealth01:
The thing shock me here sef

From my finding the first was right issue and the second bonus.Pls if I am wrong, someone should help out

Biafran4life:
From my finding the first was right issue and the second bonus.Pls if I am wrong, someone should help out

There was a 1 for 5 bonus for the year end 2019. This current 1 for 5 will be for the year end 2020.

bigjay01:


There was a 1 for 5 bonus for the year end 2019. This current 1 for 5 will be for the year end 2020.

1 for 5 in September 2020
1 for 5 in December 2020

Harvestock01:


1 for 5 in September 2020
1 for 5 in December 2020

E.g

If you have 1000 units before September qualification date and you have not sold any unit till December 1st,2020,
Your total units is now 1,440

samguru:


E.g

If you have 1000 units before September qualification date and you have not sold any unit till December 1st,2020,
Your total units is now 1,440

pls have they credited your cscs account

samguru:

September

I did not notice this

modgba:
FX Inflows: CBN Enables Cash Withdrawal in Foreign Currencies
https://businesspost.ng/economy/fx-inflows-cbn-enables-cash-withdrawal-in-foreign-currencies/

This should be good news for the market......my layman's understanding.

What is the reasonable price to enter Access and Zenith

Jochez15:
What is the reasonable price to enter Access and Zenith

Be buying in tranches.
Buy some at current price. Make provision for buying more if prices falls more (averaging down).
That's just my layman's advice . Pls do your DD and take responsibility for your action. I no fit shout o.
The massive offer of Monday/yesterday have disappeared and bids almost match offers as at now.......

Mcy56:

Be buying in tranches.
Buy some at current price. Make provision for buying more if prices falls more (averaging down).
That's just my layman's advice . Pls do your DD and take responsibility for your action. I no fit shout o.
The massive offer of Monday/yesterday have disappeared and bids almost match offers as at now.......

Thank You

ROYALEX:
Royal Exchange General Insurance Company Limited (REGIC), having successfully secured a first equity investment of $10 million from the InsuResilience Investment Fund (IIF) of German Development Bank (Kfw) in October 2019, the underwriting firm is on the way to meeting the new minimum capital requirement with another investment due to be completed in second quarter 2020.

The first investment resulted in a N3.6 billion injection, in exchange for a 39.25 percent equity stake in REGIG, which strengthened the company’s balance sheet for bigger businesses.

Ben Agili, managing director/CEO, REGIC who made the disclosure when the company hosted NCRIB Lagos Area Committee’s Annual Meeting said the company was making significant progress in securing the required capital to comply with the new NAICOM recapitalisation rules and is confident that new investment will be completed by Q22020.

According to him, towards end of 2019, a number of investors issued letters of investment interest, saying that REGIC was facilitating a detailed due diligence exercise for the benefit of these investors.

Agili said in addition to achieving the required shareholders’ funds from a regulatory perspective, the increased capital will allow REGIC to increase its risk retention and grow her investment income

He said REGIC, as part of her business diversification strategy has made significant progress in championing product innovations in the following areas, amongst others: Agricultural Insurance; Digital/Mobile Insuranc; .Royal Titanium Motor vehicle insurance; as well as Entertainment Insurance.

Penboy:


Na them

Looking for who to make rich. As of their family members forbid riches!! If na good stuff them go hiddam wella!!

I read the financials of one coy 2 people have talked about here. Infact one of them said "it will soon shake the market very soon " .

Although it's not a liquid stock, the more reason to start planting now because when it starts to move, it will be on full bid for 5 days straight. I have already planted. Chooiii!!!!!!

Hint: it's financial year is different.