₦airaland Forum

I posted this on July 2nd. I track the pattern of trading stated especially in FIRSTHOLDCO and it usually pays off.

Raider76:
Those people who used to bring FIRSTHOLDCO sharply down at close of trading through large volume cross trades strucked again today. It is a typical accumulation style that will be followed by a massive move upwards when the time comes.

We de campe. 86m full bid.😃

mikeapollo:
First Bank means business!
Where are the Ote$ crew members?
Congrats oooo

We keep our fingers crossed. There are just too many knots in the string of Oando it is hard to see when they will all be undone to get a straight string.

yMcy56:
I want to believe they have a game plan....

Another issue I think is causing the current situation is the share bonus issue....
Only 1st tranche was allotted..
This year, we haven't heard about the phased distribution, so this is greatly suspected to be the setback to the capital raise and share price in market...

Left to me, they shouldn't distribute the remaining shares (around 2.9 bn units or so), let the Management look for institutional buyer to sell to and use the proceed, as well as some part of the profits to offset part of the outstanding debts...
Then come to the market to raise more funds.....
We'll see tremendous turnaround...
This is my naive opinion though

I don't believe share price is of interest to the owners of Oando. They are making their money elsewhere.

yMcy56:
First Bank, all offers cleared !
Closed @95.95 ..... With +10%!!
Around N21bn staked today....

When OANDO is ready, that one even easy...
You know why? Higher % of the OS is domiciled with Ocean and Oil and some other institutional investors/Companies....
Only around 32% owned by minority shareholders...
So, moving it shouldn't be that difficult.....compared to FBNH with humongous OS...
If FBNH can do it, OANDO should be able to do it much better . 😁

Na FIRSTHOLDCO tsunami de carry UBA.

toyeoye:
👀 UBA wants the full 10%.

What started the day at +0.2% has expanded to +9.27%.

📈 now ₦44.80 per share
⚡ Just 0.73 percentage points from limit up
🏦 Among the strongest banking movers on the board today
The session isn't over quite yet.

Curiously people judge FIRSTHOLDCO only from where it has been, but judge ACCESS from where they think it is going. Such people may be losing money both ways. Why not also assess FIRSTHOLDCO from where it is going?

ppogba:
Since na elders dey talk, I no wan chuck mouth for FBNH interim dividend matter but all I know is that excepting them to pay N5 is simply " adjectival clause of impossibility"

They may get there but by then Zenith would have been paying N30 final dividend

Oga, dividend payout is nice, but there are other things in this game. FIRSTHOLDCO has gained 67% in just two weeks this month.

mikeapollo:
Someone is mopping up FBN shares; may be Otedola or some other stakeholders.
Good for those who are selling and making profits.
My concern for buyers is that dividend yield of FBN is not too fantastic!

I heard someone say they saw FIRSTHOLDCO logo on the Dangote Refinery PP form. Can our heavy weights NSEMPA members who did the placement confirm please.

toyeoye:
🚨 Market Open: FIRSTHOLDCO wastes no time

The banking giant opens Thursday at a fresh 52-week high.

📈 +9.96% today
🏆 New 52-week high: ₦87.25
🔥 +26.08% WoW
💰 +82.15% YTD
Yesterday it was chasing the high. Today it is setting it.

Dangote own no be finding money oo. Na state of mind.

presiade:
Like Dangote.

Likely. We now have company owners who know the importance of stock price.

yMcy56:
Seems they're crossing those volumes in 79.35 to themselves....

FIRSTHOLDCO on full bid🚀

FIRSTHOLDCO on bid 🚀

Sorry for your loss. It happens to all of us.

VERITASKAP is a good JIJO stock actually. What is happening now is just due to the uncertainty about the outcome of the mandated recapitalization whose deadline is 31st July. This is the case with many insurance stocks. So hang in there.

ojesymsym:
That stuck is worse than Oando and Access put together. Last I checked I was on 44% loss, the one I should sold to buy it appreciated by 10-30% increase.
For some weird reasons I thought it was in the same leagues as UCAP, learnt later that it was an insurance company.

People debating US vs Iran, are you using AI? How do you get the time to write all this text? If you are bored with the sluggish market go and watch market videos on YouTube. Haba.

I don forget say we get a prophet sef. Not a good sign for Oando hopefuls.🤣🤣

ghm:
Any advice on OANDO?

Please don't say buy-the-dip – no funds left for that. Better stocks are calling.

At ~22% loss, should I sell, take the loss, and redeploy? Or hold?

Any catalyst coming?

@ Prophet Utaka, any prophesy for the stock?

I asked similar questions when I was at a cross road on Aradel, thanks to all the advisers who asked me to hold and I am happy holding. Thanks.

I wouldn't touch GEREGU until the new owners show their hands.

awesomeJ:
Sweet!

Let this too start coming.

Should be a buy around N300.

Good news. Could this be the reason for the market turn around?

KarlTom:


https://africa.businessinsider.com/local/markets/days-after-ftse-pause-sandp-puts-one-of-africas-largest-stock-markets-back-on-path-to/bxfbyx8

Tomorrow is QD for Aradel dividend for those who may want a little extra.

KarlTom:
ARADEL. +8.68%
CONOIL. ±
ETERNA. ±
OandO. ±
SEPLAT. ±

There is an opportunity for arbitrage between here and LSE.

yMcy56:
Not available...
It's on full bid.......but you get mind to be looking for AIRTEL at this high price....
Guess you get deep pocket too ...😊

Well predicted Sir. You posted this on 2nd July.

PETERiCHY:
Today and tomorrow will present the BEST buying OPPORTUNITIES by next week we MOVE.

Meanwhile DANG-CEMENT dividend just landed.


BARGAIN HUNTERS TAKE NOTE!

I have answered your bolded point in my original post. They don't seem to need the money that could come from the exchange. For example, how many other companies did RI since Oando mentioned they were going to do theirs at N50? How much was raised by the banks and other companies since then. For me as an investor I just don't believe they are willing to operate as an honest and transparent publicly quoted company.

mikeapollo:
With the current debt levels, going private might be more difficult than staying as a public company!
They need all the money that being public-listed can bring

Best thing for Oando is to go private. Then nobody will lose sleep over how and where they take the company. Clearly they don't even need the exchange to raise capital. Look at how long it is taking them to do a simple RI.

yMcy56:
Not easy like that.....but let him just announce that he's stepping down as CEO, them poach one popularly known able hand from SEPLAT or NLNG....
Or, if his friend, Otedola should announce that he's taking up the 4m shares or buying 20/30% stakes in OANDO...
You'll see how stories will change.....😊

Aradel should move up this week for 2 reasons: 1) Dividend qualification date is 9th July. 2) The company insiders have been blamed for bringing the share price down by dumping the shares recently, and they may respond by buying same back.

yMcy56:
ARADEL on the move......
100k still needed to move it up for today....

DANGCEM also getting momentum, waiting for deep pockets to do justice to the northwards mvmt..

It is clear that this country is now being led by people who do not believe in it. Why do you make NYSC posting as regards to insecurity a matter of policy, and formally state that only students from insecure areas should be posted there? Shouldn't such issues be left to the discretion of the Service? Even at the peak of insurgency in Borno and Yobe states NYSC members were formally posted there, but they were instead sent to serve in other states. When will our leaders understand that insecurity at the level we have it now has to be fought nationally and not be regarded as the headache of those states that are suffering from it. Which states are really free of it now?

megawealth01:
President Bola Ahmed Tinubu has approved a major overhaul of the National Youth Service Corps (NYSC) deployment system, announcing that corps members will now be posted to states based on security risk assessments rather than the existing nationwide allocation model.

Under the new policy, prospective corps members will no longer be deployed indiscriminately to states facing serious security threats. Instead, postings to such areas will prioritise indigenes, residents, graduates of institutions within those states, and those from neighbouring states in the same geopolitical zone, following detailed security evaluations.

The President said the decision forms part of a broader reform agenda aimed at protecting corps members while preserving the NYSC's objective of fostering national unity. He noted that security realities across the country require a more practical and flexible deployment system.

Tinubu also approved other far-reaching reforms, including extending the NYSC orientation camp from three weeks to six weeks, replacing the military Director-General with a civilian DG, and introducing expanded training in entrepreneurship, leadership, civic responsibility, and job creation.

He directed the Federal Ministry of Youth Development and the Ministry of Justice to begin amending the NYSC Act to provide the legal framework needed to implement the reforms.

According to the President, the changes are intended to modernise the scheme, enhance the safety of corps members, and better prepare young graduates for life after national service.

Who said money has left the market?

toyeoye:
🚀 Late surge: AIRTELAFRI hits limit-up in the final minutes of trading.

The telecom giant jumps ₦479.40 to ₦5,274, matching a fresh 52-week high and extending its gain to +132.3% YTD.
Volume reached 110.4k shares, about 150% above its 30-day average, as buyers stepped in aggressively into the close. 🔥

Aradel on the move?

Those people who used to bring FIRSTHOLDCO sharply down at close of trading through large volume cross trades strucked again today. It is a typical accumulation style that will be followed by a massive move upwards when the time comes.

If you are still holding a fundamentally sound stock you only lose if you sell. If you don't sell you will only lose time.

Yes. Things may change by July 1st. But trading opportunity may also come.

SonofElElyonRet:
NGX Hurricane wey go blow the shelter fit come

Not sure

Amovingman:
What about Airtel bro