₦airaland Forum

BabsO2:
Looks like someone is dumping the Ellah Lakes strategically. The price rice my soon stall.

vacanci:
sell ur fidelity now o

Yemy3m:
oando faithfulls .get ready.

RodgersAkpafu:
Hello everyone

I want to ask whether having 2 diff CSCS numbers is gonna be a problem
I recently opened another brokerage account to complement the one I have had for years now and alas, upon execution of trades
I see I have another CSCS no

hope no problem

Sunrisepebble:
Hearing it will be a good week for FMN. Those that jumped into Honey, what I’m hearing is that the there is a take over offer @#4.20 on the stock by the majority shareholder, this has been public information for a while. So the activity around the stock is not justified and the stock is currently trading higher than that level

yMcy56:
I think there's a difference between buyout and

merger here.
Both will take different dimensions.

As for the take over you mentioned, it was actually buyout of majority shareholders at price N4.20 around 2021/2022 or so.
This involves FMN buying out Honeywell majority shareholders at premium price of N4.20 when Oba Otudeko was left with no choice than to sell Honeywell.

Now if it's merger, I personally don't see the price coming at same N4.20...
There's the need for us to know what FMN actually planned to do with Honeywell......

I think merger looks more like it......with Honeywell shareholders getting FMN shares in
share conversion ratio....

Someone mentioned ratio 10:1 or 9:1
You also mentioned delisting and relisting

Let's see how FMN handles this Honeywell issue......hope it's sooner.

4willer:
NNPC, NLNG, BoA, 11 others prepare for listing at stock market

https://thenationonlineng.net/nnpc-nlng-boa-11-others-prepare-for-listing-at-stock-market/

Greater days ahead....

bovali:
[b]Truth is ngx is a weak market[b] so will naturally react slow to information. I use a combination of TA and FA. I don’t look at fundamentals until I see good Technicals in play to support it.

Meerahbel:
Exchange rate is at 1600+

emmanuelewumi:
Stingy bank

ololufemi:
Oga Nosa, e don tey small wey talk about the banking sector being grossly undervalued and you are correct 💯💯. I hope they heed your words then.

Like play like play, Fidelity don dey behave like thing wey drink c9mbination of energy boosting drinks. As GT Bank no shake body after that result, many don dey siddon look status.

Whichever way they see it especiallycomparing the PE levels, that sector is grossly undervalued immensely.

OakPearl:
We should have understood these people by now na.
They only came to the market when they need funding that’s beyond their capacity.
And when they make enough money and the future looks much brighter, they have a rethink about their existence on the NGX and delist to go private and enjoy alone.
We too now have to be smarter and play the game with them accordingly.

megawealth01:
JUST IN : Coca Cola pledges to invest $1 billion in Nigeria in five years.

Coca-Cola Hellenic Bottling Company has disclosed plans to invest $1 billion in Nigeria in expansion of its business in the next five years.

The Chief Executive Officer, (CEO) of the company, Mr Zoran Bogdanovic disclosed this during his visit to President Tinubu where it noted the company’s long-term commitment to Nigeria.

In a statement signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Coca Cola noted that it generates around N300 billion in revenues year from Nigeria and returns N90 billion back to the government.

Furthermore, the company noted that since 2013, it has spent around $1.5 billion in its Nigerian business on capacity expansion, supply distribution and logistics.


Read more👇🏻
https://x.com/nairametrics/status/1836808053598957817?s=46[/quote]Let them relist on the NGX for retail investors to benefit from all that N300b profit.

designking:
This will improve the Eterna Oil business activities as they are a major approved distribution of Dangote Refinery.

Willie2015:
Thats an average of 7 months
to credit bonus issue...

Redoil:
for those who care or who have oando.
the stock final bustop 133.60 and it will be so for along time

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

mikeapollo:
Oando has been having issues releasing their accounts on time for several years now, so I thought you are already aware. In fact 2022 accounts was released 2024. It is not good, but that is what the market/industry has been coping with in recent times.
The red flag has always been there and obvious.

You have already provided an answer to the reason why banks prepare their accounts on time .....rigorous scrutiny, timelines and heavy penalty for default imposed by CBN, SEC, etc.
I am not sure if such timelines and heavy penalty is imposed by NUPRC but I agree it is not good for their corporate image and for investors

Agbalowomeri:
Business sha. You collect loan from person, still carry am go court when you never pay Lol

Exceptional items loading....

designking:
Is there no market on Monday? Is the NGX closed for Monday?

Choiceguy:
Fg for now NNPC is the sole distributor of dangote refinery pms,with time other marketers will key in.it is really good news for eterna and other marketers,I am expecting a rally across all the marketers.

emmanuelewumi:
Q2 ended on the 30th of June 2024, I wonder why the result is not out 10 weeks after. Even banks whose results were audited and approved by CBN have started publishing their results

megawealth01:
I really don't know how to get link to news but I will ask someone to someone to help me get it soon

mikeapollo:
What is the source of this , and which officer of Oando confirned the story? This kind of report can create another needless controversy , so we should wait until there is official announcement by the company.
The MD of
Oando Energy Resources stated clearly in the Arise TV interview that they have no interest or plan to play in the downstream and refinery business.

megawealth01:
By tomorrow, Sunday15.09.2024, NNPCL will start lifting pms from Dangote Refinery and sell to to marketers at N765. For now, Dangote Refinery will supply 25m liters daily while NNPCL will import the remaining 15 million liters.

By end of October, Dangote supply will rise to 35m liters while NNPCL importation reduces to 5m liters until importation is faced out completely and pms supply is 100% locally produced from Dangote and other local refineries.

lasisi:
Now that it is now in the open that NNPC will be the sole distributor for Dangote Refinery. What will be the faith of those currently locked-in on ETERNA?

chimex38:
.t

megawealth01:
Dangote Refinery Playing Emotional Blackmail, Nigerians Swallowing It – Adeoti 

https://dailypost.ng/2024/09/13/dangote-refinery-playing-emotional-blackmail-nigerians-swallowing-it-financial-expert/