9free:



Seriously waiting for ositadiima1 to mention NSE version of $GME and $AMC

nessot:
Sovereign Trust Insurance.

megawealth01:
In another news my champions on full bid

megawealth01:


Many didn't know what happened in the last few days... Na power tussle play out me I use the opportunity dey buy

In another news my champions on full bid

Mcy56:

I read somewhere that another coy is buying CHAMPION over, could be the reason for the continued interest in the stock.......

Mcy56:

I read somewhere that another coy is buying CHAMPION over, could be the reason for the continued interest in the stock.......

nessot:
I saw it too, but has it been confirmed

Penboy:
I think Fidson's pull should drag GSK up too.
Anyways, Limit at N7.

Let's watch.

Mcy56:

Okay. Just my way of referring you to OGG's detailed analysis as well.
I replied you as the spirit leads......lol. Hope say you no vex.

Mcy56:
DANGSUGAR:....Lots of attention on this stock......is Alhaji coming with surprise or just positive sentiments?
We wait and see....

NPFMFBK: Almost on full bid.......with 115M bids to 230k offers as at now...

**Just market daily update**

OBAGADAFFI:




Lafarge’s profit margins as at year end 2019 was equivalent to 54 percent on revenues of N212.9 billion and net income of N115.1 billion. Lafarge had onetime gains from the disposal of its South African operations in the period.

OBAGADAFFI:



Infoware

Mcy56:

I read somewhere that another coy is buying CHAMPION over, could be the reason for the continued interest in the stock.......

Biafran4life:
You are not far from the truth.I bided for it when it was less than 1.50 and didn't get.You Know I said some of my investment decision is what I see on the street.That was why I asked a guy here to buy wapco then.On champion,NB has been been eyeing it for long.Infact they did a lot of bringing it up to date during the last government of akwa ibom with modern machines but this our state heritage thing hindered the take over.The rumour in the street was the state goverment stopped the take over.I know they are still in the pipe to take over as some NB products are still bottled presently in the plant.I was surprised a new entity bought those shares.I hope is not another hand of NB

nessot:
Alas! I said it that CHAMPIONS will continue beyond 2.60... but it will start slowing down from tomorrow.

OBAGADAFFI:


Compared with industry pairs, it is still cheap.

Mcy56:

I read somewhere that another coy is buying CHAMPION over, could be the reason for the continued interest in the stock.......

119mba:

Was this what you read?
....

Heineken may launch N3.06b full takeover bid for Champion Breweries.

2 weeks ago.

Heineken B.V, the majority core investor in Nigerian Breweries Plc and Champion Breweries Plc, may soon launch a full takeover bid for minority shares in Champion Breweries after the global breweries giant closed a N4.95b deal to increase its majority equity stake in Champion Breweries to 84.97 per cent.

Transaction details and regulatory filings at the Nigerian Stock Exchange (NSE) showed that Heineken, through its wholly-owned Nigerian subsidiary, Raysun Nigeria Limited, acquired N4.95 billion shares from local investors to increase its controlling equity stake in the Akwa Ibom State-based Champion Breweries.

A total of 1.90 billion ordinary shares of 50 kobo each of Champion Breweries were crossed to Raysun Nigeria Limited at N2.60 per share through the negotiated window of the NSE. The new transaction represents 24.27 per cent of the issued share capital of Champion Breweries.

Prior to the latest acquisition, Heineken, through Raysun Nigeria Limited, held 60.7 per cent majority equity stake in Champion Breweries. Akwa Ibom State held 10 per cent equity stake while other Nigerian shareholders held 29.3 per cent equity stake......

Champion Breweries has 7.829 billion ordinary shares of 50 kobo each, with Heineken, through Raysun Nigeria, now holding some 6.652 billion ordinary shares of 50 kobo each, leaving about 1.177 billion shares in the hands of other shareholders.

Market pundits said the new transaction has created deeper free float deficiency for Champion Breweries.

Free float, otherwise known as public float, refers to the number of shares of a quoted company held by ordinary shareholders other than those directly or indirectly held by its parent, subsidiary or associate companies or any subsidiaries or associates of its parent company; its directors who are holding office as directors of the entity and their close family members and any individual or institutional shareholder holding a statutorily significant stake, which is five per cent and above in Nigeria.

Under the rules at the NSE, Champion Breweries, which is quoted on the main board of the Exchange, is required to have a minimum free float of 20 per cent of its market capitalisation, implying that 20 per cent of the companies’ shareholdings must be available for minority retail shareholders.

Sources said there were indications that Heineken might consider delisting or merger to cure the free float deficiency and unlock further synergies.

Shareholders of Champion Breweries had earlier clamoured for the merging of the company with Nigerian Breweries in order to create synergies that could deliver greater values to all stakeholders.....

https://www.google.com/url?sa=t&source=web&rct=j&url=https://thenationonlineng.net/heineken-may-launch-n3-06b-full-takeover-bid-for-champion-breweries/

Mcy56:
UNILEVER:
The type of bids in this stock for the past few days though!
What is happening here??

GTB, ZEE:. Moving gradually........lots of interest in ZEE especially......

WAPCO: 20M transactions done so far......with lots of attention still on it........
This Stock is "Elders" stock......
AGBA, CP and OGG predicted it when it was still dilly-dallying at circa N9/10.....
We need to give recognition to who is due.....

Mcy56:

Thanks for you consistency in posting results, I've been looking forward to your posts.... .......pls do not relent.

NPF consistently delivers, any dividend ?

megawealth01:
You didn't mention me

Mcy56:

On Wapco?
No be ChAMPION I mention oo.