₦airaland Forum

Your delusion will either get worse or you will wake up to reality after the 2027 election. I have no time to exchange words with you on this topic any further.

Streetinvestor2:
Do you think we are children. We know his romance with the previous usa government. It is on record by gej they used Obama. infect Obama interfered in that election that removed gej. They held a meeting in sokoto and lagos with Obama lead government representatives to remove. gej
It is equally on record the BAT contributed financially against trump reelection
And why did u share LA trip when u are not sure or have evidence. The baron is wrong foundation so u cannot add anything on it.

Even at the current price, I’m enjoying my paper loot already, having gotten tons of extra units at N4 through the rights issue.

chimex38:
loll.. I wish it goes further up, no harm intented.

I am only trying to create awareness for the minimum percent-margins I initially posted.

You don’t know me personally, yet you asserted that I didn’t defend Atiku when he was accused. That’s amazing.

While I’m always conscious not to derail this thread, some things need to be set right, and those are the instances where I feel compelled to engage on political topics. I don’t argue for any politician as some of you do. If Tinubu needs my consulting services, he can pay USD10M only. We can then become bias and start defending him with irrefutable facts without holding back.

✌️

mikeapollo:
Please let's leave these politicians alone. They all tell lies and use propaganda against each other, both the party in govt and the one in opposition.
This same APC govt was in power in 2019 when they used similar accusations and allegations against Atiku. So Atiku had to find all means to travel to US to hold meetings with very high ranking US govt officials to dispel the rumours. His movements and meetings in the US were telecast live for the world to see. After that, his critics stopped the accusations.

Now, the opposition is using similar tactics against the same APC govt. because the person who is president now (Tinubu) has similar burden of proof hanging on his neck!

As objective, neutral citizens, let's stay off their ''roforofo'' fight.
Let us leave the politicians to prove themselves right or wrong.
The nation's political space becomes tidier or cleaner when they are able to clear their names of the accusations.

If you did not defend or support Atiku (PDP) when the APC (Tinubu's party) was using similar propaganda or ''lying'' against him, then it would be hypocritical to call the opposition stupid or lazy and defend Tinubu when Atiku's party (NDC and others) are using the other side of the coin against him.
One good turn deserves another. Do unto others what you want them do unto you.

Taking sides this time would bring up the issue of hypocrisy and ''holier than thou'' attitude which creates cycles of unnecessary debates and controversies

It’s actually still riding to N12-N13.

chimex38:
Neimeth @9 done & dusted 35%+ upside already from @6.5 on this day Sept 18th.

Apply your DD

No need of me showing any proof. Did he attend and make a presentation at the UNGA 2023? How come he’s “running away” from the UNGA meeting now? This drug deal you people are talking about, did it just happen between 2023 and 2026? Why was he not arrested in 2023 at the UNGA meeting? It’s not easy to be lazy comedians like the opposition.

Get meaningful things to tackle the government with, and maybe then you can sway some reasonable borderline voters to your side.

Streetinvestor2:
Show proof of feet on the soil of LA during this period or picture being reviewed by anyone. And win money.
How are u sure he was in the presidential plane that landed on LA

Why was he not arrested in 2023 when he attended the UNGA meeting in New York or in 2025 during his transit en route to Brazil? Are they stupid like the lazy opposition?

ghm:
Your analysis is correct.

Let them also know: the United States does not rely on third-party or external reports, whistleblowing, instigations, or petitions to make decisions. They have their own exclusive, intensive covert and overt intelligence agencies—and infinitely heavy, verified loads of information.

They cannot be co-opted or constrained to arrest anyone based on political and lazy opposition tactics. Opponents who cannot compete but seek disqualification of their opponents as their winning strategy will not find traction there.

Don’t worry, he’s going to disappoint you on that LoL. The regulatory basis of allotment will not allow you to get your full number of shares you requested.

Mpeace:
He better give me the units applied for. I no want hear anything like over subscription and refund

This is exactly the scenario.👌

KarlTom:
I recall highlighting the fact that many PP participants didn't get their fill so those extra funds will definitely enter the IPO pool...

The distribution will be highly right-skewed. The median order value << mean order value. Na dem Otedola and co ordered most of the IPO. LoL

chimex38:
Omo, no be small return.
The refund fit pass the IPO amount
Some people still never buy sef


Barely 1week!!!! $1.6bn raised + 30% extra.

Somebody shout Aura!!!

For those of you who decided to put body in the DR IPO:

https://www.nairaland.com/8753629/weve-already-raised-money-needed

Dem go return money tire.

20M (10*2M) shares at N525 will still have a valuation of N10.5B. That’s a good zakat for the Muslims.

Raider76:
Dangote to support two million women with IPO share ownership


https://thenationonlineng.net/dangote-to-support-two-million-women-with-ipo-share-ownership/

Definitely 👌 Dem no fit use us do shakara na.

yMcy56:
I believed our market will move up at the right time.....
They're not here for the past few years and we are doing just fine.
Although their presence will also increase our international recognition and may eventually drive in more participants as well as drive the market up the more....
Let's exercise more patience and expect them to come and buy at premium from us. Lol.

It seems the moneybags are focusing on GTCO for now, so ZENITHBANK is still sleeping. Also, their hands have not touched FIDSON yet.

Not necessarily. Regardless of the order size, once it’s 100K or more, it can only change the price to that at which it is bought. For example, if you have a share trading at an official price of N500, any buyer or seller can place an order only in increments (or decrement) of 10k until the lowest(-10%) or highest (+10%) limit for the day. When a single trade of 100K or more is consummated, the price at which that happens will be the new official price. So if you buy 100K units or 1B units in one go at N500.10, the price will still be N500.10. However, if you buy 99999 units 1000 time in a row, the price will remain unchanged.

WhizdomXX:
@the bolded so does this mean because 300,000 units were exchanged it climbs by 30k.

Currently on the NGX, Stock price movements are based on the rules that the official price at any instance is the last price of the stock at which a bulk of 100K units are traded on the exchange, subject to the incremental price rules shown in the attached table. That means, depending on the price range of the asset, each 100K units trade in an asset (a stock) can either increase or decrease the price by 1k, 5k, or 10k. The maximum price change of a stock in a single trading session is, however, limited to +/-10% per day—meaning a stock that opens a session at N100 cannot fall below N90 or rise above N110 in that same session.

The closing price of a stock in a trading session is the last price at which a bulk of 100K units are traded on the exchange on that day, be it at the last minute of the market (@4:00 P.M.) or during the course of the day. You can always check for the last official price of a specific stock by checking for the price of its last traded 100K units on the “trades” or “market trades” tab of your trading app (cititrader, itrade, etc.) .

That being said, the exchange is introducing a new tiered price movement rule (currently suspended), in which the volumes needed to change the price of an underlying stock will be based on the range its current price lies:

Group A
-Price Range: N1,000 and above
-Minimum Volume Threshold: 10K units traded

GroupB
-Price Range: N500–N999.99 and above
-Minimum Volume Threshold: 50K units traded

Group C
-Price Range: below N500
-Minimum Volume Threshold: 100K units traded

I hope this response clarifies your doubts.

WhizdomXX:
Gm everyone. Please I need clear information on how a stock's price move. For example the move MTN made on Friday, I was wondering if the stock ever traded at that price on the order book. I want to know if stocks moves to the last traded price once it's above the volume threshold(100,000, 50,000 or 10,000) or the price moves in steps (either upward or downward) based on the 10k, 1k or 5k movements in accumulation (amount exchanged).
So if a stock is at 500 naira and someone bids at 500.1 for 300,000 shares, and the order is filled, does the price automatically go to 500.3 or it moves to 500.1? If it is none of this but something entirely different, please assist in educating me. Looking forward to your informed insights Thank you very much.
Presiade megawealth01 mikeapollo SonofElElyonRet Bullbearmkt Ogawisdom Londonerr awesomeJ chimex38 Agbalowomeri

23% is very high compared to other advanced economies where single digit rates are the norm, but it’s relatively low in Nigeria.

Normally, commercial and merchant banks should alter their lending rates to match the MPR, adjusted for individual spreads to arrive at prime or retail lending rates. BUT Nigerian banks, as usual , drag their feet before cutting lending rates when the MPR is reduced and quickly increase it when the MPR is increased.

mikeapollo:
CBN making borrowing "easy" at MPR of 23%?
What are the lending rates of banks?
The reduction is good, but borrowing would not be easy if banks do not reduce their rates.

The real sector and the stock market will become more attractive to smart monies after the MPC’s decisions.

ZENITH did more than 6B units yesterday, and it has done over 7B units today already. I think the institutional investors are at work. The FPIs may have started deploying their war chests as well.

Yes, okay. But wetin do @megaealth01? He don go take a banter personally, guessing from the automatic deletion of his response. Calm down oh.

chimex38:
not the credit to CSCS account.
But the listing of the shares on the Ngx was done today-21st September.

Have you been under a rock? They’ve credited subscribers’ CSCS accounts since early September na.

megawealth01:
Neimeth plc right issue concluded allotment credited

That’s because ZENITHBANK was far more efficient, I believe. Nonetheless, GTCO has almost always (>a decade) traded at a higher share price. I actually have a proprietary “golden correlation” model for the differential between the duo.

mikeapollo:
But until recently, Zenith was paying higher dividends than GT, and it had a higher yield too.

It has remembered COVID-19 protocols.

mikeapollo:

GTCO is about to maintain the usual social distancing with its younger brother ZENITHBANK. ZENITHBANK will also tag along when the moneybags start deploying, though.

Aviation kerosene (jet fuel) don cost. They’re still begging Trump to give them some of the stolen crude from Maduro’s country so they can refine and fly in the cash-loaded bullion vans.

essentialone1:
Those FTSE people. It seems where they are coming from is very far away.


All their indexed stocks price still dey stagnant.

Abi traffic hold their flights for air?

Will NAHCO keep benefitting from the increasing non-oil revenue?

https://www.nairaland.com/8751860/non-oil-exports-overtake-crude-first

To blend with the theme of the display—green would be awful on that background, but red matches with Dangote Group’s logo.

essentialone1:
Why was Nigeria written in Red letters?

I never attempted to downplay Jakande’s achievements or legacy, but speaking based on the state of things at the return of democracy in 1999, a modern Lagos was birthed. The development plan from that point forward has been the sustainable development model until this point—not what could have been without the military punctuation of our democracy. I’m only saying it’s not a misnomer to name the mastermind of the new development plan as the “developer” or father of Lagos.

N.B.: I don’t really like Tinubu per se (I don’t hate him either). I’m only expressing my candid view.

emmanuelewumi:
Haba.

Jakande established Lagos State University, Lagos State Polytechnic, Radio Lagos, Lagos Television.

Built Abesan Housing estate, Iba Housing estate, Iponri Housing estate, Isolo Housing estate, Ojokoro housing estate, Ogba Housing estate,Jakande Estate Lekki and many more. These house were affordable.

He opened up Ikotun, Egbe, Idimu, Iba, Ejigbo by constructing roads

He opened up Lekki, Ajah by the construction of Lekki Ajah road.

In the 80s when going to Ajah, the last bus stop was Sand fill at Maroko and then take a boat.

He built General hospitals at Isolo, Ikorodu, Ijaiye, Gbagada etc

He establish Gbagada estate Phase 1 and phase 2.

What about the establishment of thousands of primary and secondary schools.

He built Teslim Balogun stadium.

He was planning the metroline project before it was cancelled by the military.

All these happened within 4 years, imagine what he would have done in 8 years

Where’s your madam? Is she tired of carrying belle ni?

megawealth01:
Na today my broker paid me my huge WITHDRAWAL. Make I reason what to do from next week

This is funny. I don’t have to go read up things to discuss Nigerian political history—I’ve lived through many years of it and studied most of the rest, including the pre-colonial eras, in my spare time.

As far as the current development of Lagos is concerned, Tinubu has objectively contributed to it more than any other individual. Giving you the Oshodi and “molue” examples was to tell you the importance of the sustainability of a development plan; if most of the infrastructure were dilapidated pre-1999 and someone sustainably turned things around after taking over, that person is the father of the modern development. It happens in most fields as well—Newton was the father of classical physics, but Einstein is the widely acclaimed father of modern physics. Others have contributed, but Einstein’s theories are the definitive highlights (or if you like, the inflection points) of modern physics.

mikeapollo:
Do you know what Moboilaji Jonhnson and Lateef Jakande did in Lagos? If not, please try and do sone research

Mentioning the clearing of Oshodi as a "development achievement" is funny.
Lekki free trade zone would not have been if the Lekki Epe axis was not opened up via the road connection that attracted economic activity to that area.
Only those who did not know Jakande and Mobolaji Johnson can say Tinubu developed Lagos.
Even Tinubu himself cannot say such.
Jakande established the development plan for Lagos, including the light rail and the free trade zone. But the long military rule stopped his plans and destabilized the programmes.

While I’m not holding brief for any politician, did you witness the dirty Oshodi and the “molue”era of pre-1999? The master development plan that the state is following today was developed during Tinubu tenure as governor, so most of the development you’re currently witnessing in Lagos—including the Lekki Free Zone, which birthed the much-publicized Dangote Refinery—were his ideas.

mikeapollo:
Anyone that claims that Tinubu was the one that developed Lagos must be either drunk, ignorant, crazy, a paid propagandist or a myopic slowpoke.
FG did most of the investments in infrastructure in Lagos.
But for State governors, Mobolaji Jonhnson and Lateef Jakande are the brains behind the develoment of Lagos. They built virtually all the infrastructure that Lagos state is relying on today.

Rule: At the end of a sarcastic comment, you add “/s”

Do you still have some gari available?

Agbalowomeri:
I go buy Afolabi unit if dem gree 10kobo