[qquote author=iamoluwatobi post=97485054]Season greetings to you.

In a bid to attain financial freedom and sustain exponential financial growth, many have lost their money to one investment or the other or one financial scheme for reasons unknown.

Here, any investment you bring to the table, we give you 20% ROI (Return on Investment) in 30 days!

What do we do?
1. Funds management
2. Real Estate
3. Cryptocurrency trading
4. Forex
5. Oil and gas

WhatsApp on 0*7*0*3*0*3*0*3*2*3*0
Let's deal and have a wonderful new year ahead

[/quote] That is 240 per cent return ROI per year?

Fund management? I doubt you know what it means. I weep. Financial literacy is something to be taken very seriously.

Everybody and their grandmas now think they manage other peoples money. Zero antecedent, zero prospectus, zero credentials, zero regulation.

iamoluwatobi:
Season greetings to you.

In a bid to attain financial freedom and sustain exponential financial growth, many have lost their money to one investment or the other or one financial scheme for reasons unknown.

Here, any investment you bring to the table, we give you 20% ROI (Return on Investment) in 30 days!

What do we do?
1. Funds management
2. Real Estate
3. Cryptocurrency trading
4. Forex
5. Oil and gas

WhatsApp on 0*7*0*3*0*3*0*3*2*3*0
Let's deal and have a wonderful new year ahead

Covid19 second wave is becoming real many state will likely shutdown come January 2021. We should prepare ourselves, get food stuff ready should in case the measure the government will take becomes unbearable. Rivers state governor has declared his readiness to shutdown come January 2021.

Lol. Mostly people with inferiority complex.

BigBashiru:


The black man cannot control his emotions and is mostly emotionally incompetent.... can almost never have civil conversations....

longlife20:
@Mcy56, do you have any info on Lasaco.

The other handle was banned when I tried to reply @chibuking81

Did some findings too and got to know that Lasaco would be doing share reconstruction of one for every 4 held. No info on this in NSE corporate disclosure.

Unlike Mansard who gave bonus to take care of the reconstruction plan, there's no info on bonus issue or whatever on the part of Lasaco.
If Lasaco should get to 40kobo pre-reconstruction for instance, the post reconstruction price will be 4*40kobo = N1.60.

My concern is: How Mr. Market will handle this kind of price for insurance coy post reconstruction. Think there's need for caution here.

@Chibuking81

You didn't consider Mansard fair value in your calculations.
You're not supposed to use N2.56 as example in the first place.
Remember Mansard was trading in the range 1.65 - 2.00 mostly before bonus issue came up.
From my own little understanding, Mansard at below N1 is underpriced.........both before and after share reconstruction.......though we all know Mr. Market has a mind of its own.

Is your recommendation Not to buy: greater than 30k?
Buy: at less than 23- 28kobo
House Please comments
I am confused as lasaco had not come up with the recapitalisation plans

yMcy56:

The other handle was banned when I tried to reply @chibuking81

Did some findings too and got to know that Lasaco would be doing share reconstruction of one for every 4 held. No info on this in NSE corporate disclosure.

Unlike Mansard who gave bonus to take care of the reconstruction plan, there's no info on bonus issue or whatever on the part of Lasaco.
If Lasaco should get to 40kobo pre-reconstruction for instance, the post reconstruction price will be 4*40kobo = N1.60.

My concern is: How Mr. Market will handle this kind of price for insurance coy post reconstruction. Think there's need for caution here.

I am tempted to buy
Multiverse at 20k because I have not to lose , only fear is tidying down capital of 200k

Good morning House, mcy, OGG, Value investor, current Price, Pa Emma, please need your comments
Myrecommendation Not to buy: greater than 30k?
Buy: at less than 23- 28kobo
House Please comments
I am confused as lasaco had not come up with the recapitalisation plans

I am tempted to buy
Multiverse at 20k because I have not to lose , only fear is tidying down capital of 200k

eziokwunwoko:
Is your recommendation Not to buy: greater than 30k?
Buy: at less than 23- 28kobo
House Please comments
I am confused as lasaco had not come up with the recapitalisation plans

Lasaco only planned reconstruction of shares into ratio 1:4.....
E.G. 40,000units will become 10,000units after reconstruction........i.e. 40000÷4 =10,000.

Lasaco needs to come up with clear plan on pre and post reconstruction in my opinion.

I however think buying at 30/32kobo or below is still okay. This is just my opinion, there may be pecks attached to the reconstruction but which we're yet to know......let them come out in clear terms.
**This is an update to my previous post on Lasaco**

Anyone with much info can pls post so we can understand better.

As for multiverse, this has been at car park for long. From my side, no info yet on this stock and I will say: instead of tying capital down on "hope", go for dividend paying stock instead.

Isn't today supposed to be a market day for the Exchange?

Chibuking81:
Covid19 second wave is becoming real many state will likely shutdown come January 2021. We should prepare ourselves, get food stuff ready should in case the measure the government will take becomes unbearable. Rivers state governor has declared his readiness to shutdown come January 2021.

Now you SEE what we SAW moons ago.

2021 the year of THUNDERSTORM

BARGAIN HUNTERS TAKE NOTE!

IYGEAL:
Isn't today supaposed to be a market day for the Exchange?

Today is public holiday

iamoluwatobi:
Season greetings to you.

In a bid to attain financial freedom and sustain exponential financial growth, many have lost their money to one investment or the other or one financial scheme for reasons unknown.

Here, any investment you bring to the table, we give you 20% ROI (Return on Investment) in 30 days!

What do we do?
1. Funds management
2. Real Estate
3. Cryptocurrency trading
4. Forex
5. Oil and gas

WhatsApp on 0*7*0*3*0*3*0*3*2*3*0
Let's deal and have a wonderful new year ahead

Thief,you can do 20% in a month.And you have not gone to sell all your family worth and put it in this scam.... thunder fire you there

yMcy56:

Lasaco only planned reconstruction of shares into ratio 1:4.....
E.G. 40,000units will become 10,000units after reconstruction........i.e. 40000÷4 =10,000.

Lasaco needs to come up with clear plan on pre and post reconstruction in my opinion.

I however think buying at 30/32kobo or below is still okay. This is just my opinion, there may be pecks attached to the reconstruction but which we're yet to know......let them come out in clear terms.
**This is an update to my previous post on Lasaco**

Anyone with much info can pls post so we can understand better.

As for multiverse, this has been at car park for long. From my side, no info yet on this stock and I will say: instead of tying capital down on "hope", go for dividend paying stock instead.

Except for jijo purpose, for calculated short time capital appreciation, taking advantage of they company result manipulations to achieve a specific goal. Anything apart from that from penny stock might seems to be on suicide mission. They will reconstruct today within a little while when they can't manipulate their result again, car park will be their next direction.

yMcy56:

The other handle was banned when I tried to reply @chibuking81

Did some findings too and got to know that Lasaco would be doing share reconstruction of one for every 4 held. No info on this in NSE corporate disclosure.

Unlike Mansard who gave bonus to take care of the reconstruction plan, there's no info on bonus issue or whatever on the part of Lasaco.
If Lasaco should get to 40kobo pre-reconstruction for instance, the post reconstruction price will be 4*40kobo = N1.60.

My concern is: How Mr. Market will handle this kind of price for insurance coy post reconstruction. Think there's need for caution here.

We need to be patient, after the reconstruction, they will come to raise capital for the current recapitalisation. Before they raise capital, the share price would have drop to less than N1 and i think that will be the best time to buy.

PETERiCHY:


Now you SEE what we SAW moons ago.

2021 the year of THUNDERSTORM

BARGAIN HUNTERS TAKE NOTE!

Lol

Pesuzok:


Today is public holiday

I see

moneymanager:
Down for the last three consecutive trading days

30 naira support.

Investors Raise Eyebrows FTN Cocoa, Japaul Gain Over 40% in Four Days
https://businesspost.ng/economy/investors-raise-eyebrows-as-ftn-cocoa-japaul-gain-over-40-in-four-days/

Fidelity Bank Rejigs Board for Next Phase of Growth Trajectory
https://businesspost.ng/jobs/fidelity-bank-rejigs-board-for-next-phase-of-growth-trajectory/

Offshore Investors Get CBN’s One-Year OMO Bills at 5.90%
https://businesspost.ng/economy/offshore-investors-get-cbns-one-year-omo-bills-at-5-90/

In One Week, NASD Exchange Loses N13.9bn
https://businesspost.ng/economy/in-one-week-nasd-exchange-loses-n13-9bn/

Universal Insurance Gets NAICOM Nod to Insure Poultry, Fish Farmers
https://businesspost.ng/economy/universal-insurance-gets-naicom-nod-to-insure-poultry-fish-farmers/

naturalflow:
30 naira support.

Sir that’s good but abit still too high.
We need it to be something like 24-26 so that when we enter we can be sure of 30% profit or more (considering price appreciation + dividends)

@Mcy sorry about that, I was ban last week too, when trying to post a comments containing figure. Is like Nairaland don't accept post with much figure, maybe to avoid reviewing companies secret containing figure. I was surprise as I was not suspended in my recent post with figure. Maybe as you want to reply on it they feel that I have come to add more, and mistakenly they ban you.
Better still next time just type @with the person moniker, to avoid similar experience, thanks.

@yMcy56, remember that any company that give bonus will mark down on its qualifications date. Case study of Cutix cable when in the recent year they gave 1for 1, and was markdown at exact half price of their previous market closed price before the due date.
So using #2.56 for Mansard to determine their current suppose market price, shouldn't be out of place. Their bonus to one is approximately 2.43, plus one existing equal to 3.43 new unit. Therefore #2.56 divided by 3.43 unit will give you 0.75 kobo approximately, which suppose to be their suppose price after their mark down using #2.56, pls educate me more on how their fair price should be above #1.

HOW BONUS SHARE ARE ADJUSTED
Price Adjustment
Usually, after the bonus issue, the share price of the company gets adjusted according to the bonus ratio. For example, if the price before bonus is Rs 200 and a company issues bonus shares in the ratio of 1:1, the post-bonus share price will be Rs 100, which means that the total market value (2 x Rs 100=Rs 200) remains the same.

@Chibuking81
Let's just allow Mr. Market take care of things.
Mansard already adjust share price down for bonus issue and it closed @1.05 on the last trading day.
Remain adjusting up after reconstruction. This will take place in Feb 2021 all things being equal.

dipoolowoo:
Investors Raise Eyebrows FTN Cocoa, Japaul Gain Over 40% in Four Days
https://businesspost.ng/economy/investors-raise-eyebrows-as-ftn-cocoa-japaul-gain-over-40-in-four-days//

They didn't raise eyebrow at Dangcem and Airtel's manipulations. Dem try.

yMcy56:

They didn't raise eyebrow at Dangcem and Airtel's manipulations. Dem try.

You dey mind them.

As the qualification date for aiico bonus have passed, is it still advisable to continue holding aiico?
If you sell now, hope you will get the whole bonus?

Is market open today for trading?

Physco4221:
Is market open today for trading?

Yes

Please what is happening in oando?
75m units at 4 naira has been traded at market opening